Etam PLC - Offer Wholly Unconditnl, etc
12 Januar 1998 - 6:03PM
UK Regulatory
RNS No 5728h
ETAM PLC
12th January 1998
Not for release or distribution in or into the United States of America,
Canada, Australia or Japan
Etam Developpement SCA ("Etam Developpement")
Recommended final* cash offer (the "Offer") for Etam Public Limited Company
("Etam")
Offer declared unconditional in all respects
Etam Developpement has declared the Offer unconditional in all respects. The
Offer will remain open for acceptances until further notice.
Pierre Milchior, Chief Executive Officer of Etam Developpement, said:
"I am delighted that the Offer has been successfully completed. We welcome
the employees of Etam and look forward to working with them to create a pan-
European fashion retail group"
As at 3.00pm on 12 January 1998, Etam Developpement had received acceptances
in respect of 60,721,173 Etam shares, representing approximately 92 per cent.
of the existing issued share capital of Etam. On 12 November 1997 (the date
of the announcement of the Offer) Etam Developpement acquired 4 million Etam
Shares representing approximately 6 per cent. of Etam's existing issued share
capital. Etam Developpement therefore owns or has received acceptances in
respect of a total of 64,721,173 Etam Shares representing approximately 98
per cent. of the existing issued share capital of Etam. Etam Developpement
therefore intends to implement the procedure under Section 429 of the
Companies Act 1985 to acquire compulsorily all of the outstanding Etam
Shares. A letter, together with a statutory notice pursuant to Section 429,
will be posted shortly to Etam shareholders who have not accepted the Offer.
Enquiries
Schroders - Alan Jacobs 0171 658 6000
- Marc Vincent 00 331 44 20 65 65
Credit Agricole - Jean-Marie Soubrier 00 331 41 89 26 62
Indosuez
- Nick Bryan 0171 971 4313
*The Offer is final and will not be increased, save in the event of a
competitive situation (as determined by the Panel) arising or otherwise with
the consent of the Panel.
Schroders and Credit Agricole Indosuez, which are regulated in the UK by The
Securities and Futures Authority Limited, are acting for Etam Developpement
and no one else in connection with the Offer and will not be responsible to
anyone other than Etam Developpement for providing the protections afforded
to customers of Schroders or Credit Agricole Indosuez or for providing advice
in relation to the Offer.
END
OFFBLGBBDUBCCID
Elitel Telecom (LSE:ETM)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Elitel Telecom (LSE:ETM)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Elitel Telecom (Londoner Börse): 0 Nachrichtenartikel
Weitere Etam PLC News-Artikel