St.James BeachHotels - Further Re Offer
08 Oktober 1997 - 6:34PM
UK Regulatory
RNS No 9563m
ST. JAMES BEACH HOTELS PLC
8th October 1997
Not for release, publication or distribution in or into
the United States, Canada, Australia or Japan.
Elegant Hotels Limited ("Elegant")
Recommended cash offer for St. James Beach Hotels PLC
("St. James Beach")
Posting of section 429 notices
Offer to close on 5 November 1997
Elegant announces that valid acceptances have now been
received in respect of not less than nine-tenths of the
ordinary share capital of St. James Beach ("St. James
Beach Shares"). Accordingly, Elegant will apply the
provisions of Sections 428 to 430F of the Companies Act
1985 to acquire compulsorily all the outstanding St. James
Beach Shares. The notices required under Section 429 of
the Companies Act 1985 have today been posted to those
shareholders of St. James Beach who have not yet accepted
the Offer.
The Offer will remain open for acceptance until 3.00 pm
on 5 November 1997.
Enquiries:
Close Brothers Corporate Finance Limited 0171 426 4000
David Pusinelli
Close Brothers Corporate Finance Limited which is
regulated by The Securities and Futures Authority
Limited, is acting for Elegant Hotels Limited and no one
else in connection with the Offer and will not be
responsible to anyone other than Elegant Hotels Limited
for providing protections afforded to its customers nor
for providing advice in relation to the Offer.
END
OFFBLBBGXDGCCRI
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