Bristol United Press - Offer Partly Unconditionl,etc
14 Enero 2000 - 1:02AM
UK Regulatory
RNS Number:7811D
Bristol United Press PLC
14 January 2000
(NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA OR JAPAN)
Recommended cash offer by ING Barings Limited
on behalf of Daily Mail and General Trust plc
for Bristol United Press plc
OFFER UNCONDITIONAL AS TO ACCEPTANCES
In connection with the recommended cash offer being made by ING
Barings on behalf of DMGT for the whole of the issued and to be
issued ordinary share capital of BUP not already owned by DMGT, DMGT
announces that, as at 3.00 p.m. on 13 January 2000, the first closing
date of the Offer, DMGT owned or had received valid acceptances of
the Offer in respect of a total of 14,633,628 BUP Shares,
representing approximately 89.5 per cent. of the existing issued
ordinary share capital of BUP. Accordingly, the Offer has become
unconditional as to acceptances. The Offer, including the
Loan Note Alternative, has been extended until further notice. BUP
Shareholders who wish to accept the Offer and have not yet done so
should despatch their Forms of Acceptance as soon as possible.
As at 3.00 p.m. on 13 January 2000, valid acceptances of the Offer
had been received in respect of 10,710,840 BUP Shares, representing
approximately 65.5 per cent. of the existing issued ordinary share
capital of BUP. These acceptances include valid acceptances of the
Offer received from all the Non-DMGT Directors of BUP in accordance
with the irrevocable undertakings to accept the Offer given by them
in respect of their entire holdings, which total 9,800 BUP Shares,
representing approximately 0.06 per cent. of the existing issued
ordinary share capital of BUP.
Prior to the commencement of the offer period, DMGT owned 3,922,788
BUP Shares, which, when aggregated with the 964,372 BUP Shares owned
by The Harmsworth and Mail Newspapers Pension Schemes, the 3,200 BUP
Shares owned by the DMGT Directors of BUP and the 1,000 BUP Shares
held by Williams de Broe as nominee (all of which are acting, or
deemed to be acting, in concert with DMGT for the purposes of the
City Code), represent approximately 29.9 per cent. of BUP's existing
issued ordinary share capital. Valid acceptances have now been
received in respect of the 968,572 BUP Shares owned by persons
acting, or deemed to be acting, in concert with DMGT, representing
approximately 5.9 per cent. of BUP's existing issued ordinary share
capital.
Save as set out above and in the Offer Document, neither DMGT, nor
any person acting, or deemed to be acting, in concert with DMGT, has
acquired or agreed to acquire any BUP Shares (or rights over such BUP
Shares) during the offer period and no acceptances of the Offer have
been received from any person acting or deemed to be acting in
concert with DMGT.
Enquiries:
ING Barings
Nicholas Gold 0171 767 1000
Dominic Wallis
Definitions used in the Offer Document have the same meanings in this
announcement, unless otherwise indicated.
The Offer, including the Loan Note Alternative, is not being made,
directly or indirectly, in or into the United States, Canada,
Australia and Japan, or to any resident of the United States, Canada,
Australia or Japan or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any
facilities of a national securities exchange of, any of the aforesaid
jurisdictions. This includes, but is not limited to, post, facsimile
transmission, telex, or any other electronic forms of transmission
and telephone. Accordingly, copies of this announcement are not
being and must not be mailed, forwarded or otherwise distributed or
sent in, into or from the United States, Canada, Australia, or Japan
including to BUP Shareholders or participants in the BUP Share Option
Schemes with registered addresses in any of the aforesaid
jurisdictions or to persons whom DMGT knows, or has reason to
believe, to be custodians, trustees or nominees holding BUP Shares
for persons with addresses in any of the aforementioned
jurisdictions. Persons receiving this announcement (including,
without limitation, custodians, nominees and trustees) must not
distribute or send it in, into or from the United States, Canada,
Australia or Japan.
ING Barings, which is regulated by The Securities and Futures
Authority Limited, is acting for DMGT and no-one else in connection
with the Offer and will not be responsible to anyone other than DMGT
for providing the protections afforded to customers of ING Barings
nor for providing advice in relation to the Offer.
END
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