Argent Group PLC - Offer Wholly Unconditional
04 August 1997 - 1:58PM
UK Regulatory
RNS No 2655b
ARGENT GROUP PLC
4th August 1997
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
BriTel Property
Offer for Argent
BriTel Property (a company wholly owned by the BT Pension
Scheme) announces that at 3.00 p.m. on 1st August, 1997,
the closing date of the Offer, valid acceptances had been
received in respect of 28,081,728 Argent Shares,
representing approximately 46.5 per cent. of the issued
share capital of Argent.
Prior to the Offer BriTel Property were interested in
23,879,947 Argent Shares representing approximately 39.5
per cent. of the issued share capital of Argent.
Therefore, as at 3.00 p.m. on 1st August, 1997, BriTel
Property either held or had received valid acceptances in
respect of a total of 51,961,675 Argent Shares,
representing approximately 85 per cent. of the issued share
capital of Argent.
Accordingly, BriTel Property announces that the Offer,
including the Loan Note Alternative, has become wholly
unconditional and will remain open for acceptance until
further notice.
END
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