Rule 8.4 Announcement
17 April 2009 - 11:59AM
UK Regulatory
TIDMDGRE
RNS Number : 7502Q
Delek Global Real Estate PLC
17 April 2009
Not for release, publication or distribution in whole or in part in, into or
from any jurisdiction (including the United States) where to do so would
constitute a violation of the relevant laws or regulations of such jurisdiction.
FOR IMMEDIATE RELEASE
17 April 2009
Delek Global Real Estate plc
("DGRE" or the "Company")
Rule 8.4 Announcement
Further to the Company's announcement on 23 March 2009, in relation to the terms
of a proposal whereby DBI intends to acquire, for 50 pence in cash, the entire
issued share capital of DGRE (which it and Delek Real Estate Limited do not,
taken together, already own), to be effected by way of a scheme of arrangement
between DGRE and the Scheme Shareholders under Article 125 of the Jersey Law
(the "Proposal"), DGRE makes the following disclosure in accordance with Rule
8.4 of the Takeover Code.
DGRE and DBI have received an irrevocable undertaking from Spreadex Limited in
respect of its holding of 7,885,611 DGRE Shares, representing approximately 3.0
per cent. of the issued share capital of DGRE. The irrevocable undertaking will
only cease to be binding on the earlier of: (1) the Scheme becoming effective;
(2) the Scheme being withdrawn; or (3) the Scheme lapsing.
The irrevocable undertaking commits Spreadex Limited to cast all votes (whether
on a show of hands or a poll) in relation to its DGRE Shares at the Court
Meeting in favour of the resolutions to approve the Scheme, or (where
applicable), commits Spreadex Limited to procure that the registered holder of
its DGRE Shares will, in person or by duly appointed proxy cast all votes
(whether on a show of hands or a poll) in relation to its DGRE Shares at the
Court Meeting in favour of the resolutions to approve the Scheme.
Terms defined in the Scheme Document dated 24 March 2009 have the same meanings
as in this announcement.
Enquiries
+----------------------------------------------+----------------------+
| Independent Directors of Delek Global Real | |
| Estate plc | |
+----------------------------------------------+----------------------+
| Howard Stanton, Chairman | +44 (0) 7785 282 150 |
+----------------------------------------------+----------------------+
| | |
+----------------------------------------------+----------------------+
| Panmure Gordon (Lead Financial Adviser to | +44 (0) 20 7459 3600 |
| the Independent Directors) | |
+----------------------------------------------+----------------------+
| Hugh Morgan | |
+----------------------------------------------+----------------------+
| | |
+----------------------------------------------+----------------------+
| Rothschild (Financial Adviser to the | +44 (0) 20 7280 5000 |
| Independent Directors) | |
+----------------------------------------------+----------------------+
| Alex Midgen | |
+----------------------------------------------+----------------------+
| | |
+----------------------------------------------+----------------------+
| Delek Belron International Limited | +972 (0) 3 61 12282 |
+----------------------------------------------+----------------------+
| Eran Meytal, Chairman | |
+----------------------------------------------+----------------------+
| | |
+----------------------------------------------+----------------------+
| Deloitte Corporate Finance (Financial | +44 (0) 20 7936 3000 |
| Adviser to DBI) | |
+----------------------------------------------+----------------------+
| Jonathan Hinton | |
+----------------------------------------------+----------------------+
| Leonie Grimes | |
+----------------------------------------------+----------------------+
| | |
+----------------------------------------------+----------------------+
| Pelham PR | +44 (0) 20 7337 1500 |
+----------------------------------------------+----------------------+
| Alex Walters | |
+----------------------------------------------+----------------------+
Panmure Gordon, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to DGRE
and no one else in connection with the Proposal and will not be responsible to
anyone other than DGRE for providing the protections afforded to the clients of
Panmure Gordon nor for advice in connection with the Proposal or any other
matter referred to in this announcement.
Rothschild, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to DGRE
and no one else in connection with the Proposal and will not be responsible to
anyone other than DGRE for providing the protections afforded to the clients of
Rothschild nor for advice in connection with the Proposal or any other matter
referred to in this announcement.
Deloitte Corporate Finance is acting exclusively as financial adviser to DBI and
no-one else in connection with the Proposal and will not regard any other person
as its client nor be responsible to anyone other than DBI for providing the
protections afforded to clients of Deloitte Corporate Finance nor for providing
advice in relation to the Proposal or any matter referred to in this
announcement. Deloitte Corporate Finance is a division of Deloitte LLP, which is
authorised and regulated by the Financial Services Authority in respect of
regulated activities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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