Statement re Possible Offer
12 März 2010 - 8:00AM
UK Regulatory
TIDMHSTN TIDMKEIF
RNS Number : 4772I
Hansteen Holdings plc
11 March 2010
GENERAL TEXT AMENDMENT
The following amendment has been made to the 'Statement re. possible offer for
Kenmore European Industrial Fund Limited ("KEIF")' announcement released on 11
March 2010 at 17.08 under RNS No 4713I
The following numerical point has been inserted:
4. there is a material change of circumstances at KEIF, including, inter alia,
the announcement of a significant equity fundraising by KEIF.
All other details remain unchanged.
The full amended text is shown below.
Hansteen Holdings plc
("Hansteen" or "the Company")
Statement re. possible offer for Kenmore European Industrial Fund Limited
("KEIF")
On 25 November 2009 Hansteen announced that it had acquired a stake of
approximately 12.0 per cent. in KEIF and had made an approach to the Board of
KEIF in relation to a potential offer by Hansteen for the remaining issued and
to be issued ordinary share capital of KEIF. In accordance with Rule 2.8 of The
City Code on Takeovers and Mergers (the "Code") Hansteen announces that it is no
longer considering making an offer for KEIF.
Important Notice:
For the purposes of Rule 2.8 of the Code, Hansteen reserves the right (on behalf
of itself and anyone acting in concert with it) to announce an offer or possible
offer for KEIF and/or to take any other action which would otherwise be
restricted under Rule 2.8 of the Code within the six months from the date of
this announcement in the event that:
1. the agreement or recommendation of the Board of KEIF is given to the making
of such an offer or the taking of any such other action;
2. a third party announces an offer or a possible offer for KEIF;
3. KEIF announces a 'whitewash proposal' or a 'reverse takeover' (each as
defined in the Code); or
4. there is a material change of circumstances at KEIF, including, inter alia,
the announcement of a significant equity fundraising by KEIF.
For further information please contact:
+--------------------------------------------------------------------------------+
| Hansteen Holdings plc |
| Ian Watson/Morgan Jones |
| Tel: 020 7016 8820 |
+--------------------------------------------------------------------------------+
| |
+--------------------------------------------------------------------------------+
| |
+--------------------------------------------------------------------------------+
| Tavistock Communications |
| Jeremy Carey/Gemma Bradley |
| Tel: 020 7920 3150 |
+--------------------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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