DGG Domestic & Gen.

RNS Number:3327I
Domestic & General Group PLC
22 November 2007


22 November 2007


  RECOMMENDED CASH ACQUISITION OF DOMESTIC & GENERAL GROUP PLC ("D&G") BY AIDG
            JERSEY ACQUISITIONS LIMITED ("AIDG JERSEY ACQUISITIONS")

                                SCHEME EFFECTIVE


D&G and AIDG Jersey Acquisitions are pleased to announce that the Court Orders
sanctioning the Scheme and confirming the Capital Reduction have been delivered
to the Registrar of Companies and, in respect of the Capital Reduction, been
registered and that accordingly the Scheme has become effective.

Scheme Shareholders will receive 1425 pence for each Scheme Share held. Cheques
will be despatched or consideration settled through CREST on or before 6
December 2007.

Application has been made to the UK Listing Authority requesting the
cancellation of the listing of the D&G Shares on the Official List as well as
trading of D&G Shares on the London Stock Exchange. Cancellation is expected to
take place at 8.00 a.m on 26 November 2007.

Nicholas Rochez, Colin Honey, Alan McWalter and Glyn Smith have resigned as
Non-Executive Directors of D&G.

Any capitalised term used but not defined in this announcement has the same
meaning as given to it in the Scheme document dated 24 September 2007 (the
"Scheme Document").


                                    - Ends -

Enquiries
Domestic & General Group PLC                                  +44 20 8879 8591
Nicholas Rochez, Chairman

Advent International plc                                      +44 20 7333 0800
John Singer

HSBC                                                          +44 20 7991 8888
Anthony Bernbaum
Julian Gray

Hawkpoint                                                     +44 20 7665 4500
Lawrence Guthrie
Sunil Duggal

Goldman Sachs International                                   +44 20 7774 1000
Richard Campbell-Breeden
Paul Miller

Collins Stewart (as corporate broker to D&G)                  +44 20 7523 8318
Chris Wells

Hogarth Partnership Limited (on behalf of D&G)                +44 20 7357 9477
John Olsen
Barnaby Fry

Financial Dynamics (on behalf of Advent International plc)    +44 20 7831 3113
Deborah Scott
Fergus Wheeler


HSBC, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for D&G and no one else in connection
with the Acquisition and will not be responsible to anyone other than D&G for
providing the protections afforded to clients of HSBC or for providing advice in
relation to the Acquisition or any other matters referred to in this
announcement.

Hawkpoint, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for D&G and no one else in
connection with the Acquisition and will not be responsible to anyone other than
D&G for providing the protections afforded to clients of Hawkpoint or for
providing advice in relation to the Acquisition or any other matters referred to
in this announcement.

Collins Stewart, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for D&G and no one else in
connection with the Acquisition and will not be responsible to anyone other than
D&G for providing the protections afforded to clients of Collins Stewart or for
providing advice in relation to the Acquisition or any other matters referred to
in this announcement.

Goldman Sachs International, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Advent
and AIDG Jersey Acquisitions and no one else in connection with the Acquisition
and will not be responsible to anyone other than Advent or AIDG Jersey
Acquisitions for providing the protections afforded to clients of Goldman Sachs
International or for providing advice in relation to the Acquisition or any
other matters referred to in this announcement.

This announcement is not intended to and does not constitute an offer to sell or
invitation to purchase any securities or the solicitation of any vote or
approval in any jurisdiction pursuant to the Acquisition or otherwise. Only the
Scheme Document contains the full terms and conditions of the Acquisition. D&G
has prepared and distributed the Scheme Document to those D&G Shareholders able
to receive it. D&G and AIDG Jersey Acquisitions urge D&G Shareholders to read
the Scheme Document because it contains important information relating to the
Acquisition.

The distribution, release or publication of this announcement in jurisdictions
other than the UK may be restricted by law and therefore any persons who are
subject to the laws of any jurisdiction other than the UK should inform
themselves about, and observe, any applicable requirements. This announcement
has been prepared for the purpose of complying with English law and the Takeover
Code and the information disclosed may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance with the
laws of jurisdictions outside the UK.

The availability of the Scheme Document to persons not resident in the United
Kingdom may be affected by the laws of the relevant jurisdictions. Such persons
should inform themselves about and observe any applicable requirements of those
jurisdictions. Any failure to comply with the laws and regulatory requirements
of the relevant jurisdictions may constitute a violation of the securities laws
of any such jurisdiction.

Notice to US Investors in D&G

The Acquisition relates to the securities of a UK company and is subject to UK
disclosure requirements, which are different from those of the United States.
The financial information included in the Scheme Document has been prepared in
accordance with generally accepted accounting principles of the United Kingdom
and thus may not be comparable to financial information of US companies or
companies whose financial statements are prepared in accordance with generally
accepted accounting principles in the United States. Also, the settlement
procedure with respect to the Acquisition will be consistent with UK practice,
which differs from US domestic tender offer procedures in certain material
respects, particularly with regard to date of payment.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
STRILFFRLSLFFID

Domestic & General (LSE:DGG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Domestic & General (LSE:DGG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024