Style Holdings PLC - Compulsory Acqn of Shares

RNS Number:5021A
Style Holdings PLC
9 November 1999

                    ALEXON GROUP PLC
                    RECOMMENDED OFFER
                           FOR
                   STYLE HOLDINGS PLC

Compulsory Acquisition of Outstanding Style Holdings Plc
                    ("Style") Shares

As stated in the announcement of 13 October 1999 by
Alexon Group plc ("Alexon" or the "Company"), Alexon has
now received valid acceptances of the Offer in respect of
more than 90 per cent. of the Style Shares to which the
Offer relates.

Accordingly, Alexon has issued notices pursuant to
section 429 of the Companies Act 1985 to Style
Shareholders who have not already validly accepted the
Offer, informing them that it now intends to exercise its
rights to acquire compulsorily, at the expiry of the
requisite notice period, all the Style Shares in respect
of which valid acceptances have not been received.

The Offer will remain open for acceptance until further
notice. Style Shareholders who wish to accept the Offer
and have not yet done so should return their completed
Forms of Acceptance as soon as possible. Style
Shareholders who have enquiries regarding the completion
of Forms of Acceptance should contact Lloyds TSB
Registrars by post at The Causeway, Worthing, West Sussex
BN99 6DA or by telephone on 01903 702 767.

As stated in the Offer Document dated 21 September 1999,
Alexon will procure that Style applies to the London
Stock Exchange for Style Shares to be de-listed and will
seek to re-register Style as a private company and it is
anticipated that, with the consent of the London Stock
Exchange, the cancellation of the listing on the London
Stock Exchange will take effect on 10 November 1999.

Enquiries:

Dresdner Kleinwort Benson
Jonathan Roe                       0207 623 8000

Buchanan Communications
Mark Edwards                       0207 466 5000

Alexon Group plc
Robin Piggott                      01582 723131

Unless the context otherwise requires, the definitions
contained in this announcement are the same as those used
in the Offer Document dated 21 September 1999.

Kleinwort Benson Securities Limited ("Dresdner Kleinwort
Benson"), which is regulated by The Securities and
Futures Authority Limited, is acting for Alexon and no
one else in connection with the Offer, and will not be
responsible to anyone other than Alexon for providing the
protections afforded to customers of Dresdner Kleinwort
Benson nor for providing advice in relation to the Offer.

END

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