Toscafund Asset Management LLP Further re offer (3095D)

TIDMASOG

RNS Number : 3095D

Toscafund Asset Management LLP

28 January 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

28 JANUARY 2015

For immediate release

RECOMMENDED CASH OFFER FOR AVANTA SERVICED OFFICE GROUP PLC BY TOSCA VEHICLE LIMITED

NOTICE OF CLOSURE OF OFFER

Further to the announcement made by Avanta Serviced Office Group plc ("Avanta") on 14 January 2015 that it had applied to the London Stock Exchange for the cancellation of trading in Avanta Shares on AIM (the "Cancellation"), to be effective at 7 a.m. on 12 February 2015, Tosca Vehicle Limited ("TVL") announces that the Offer will close to acceptances at 5 p.m. on 11 February 2015.

The Cancellation will significantly reduce the liquidity and marketability of any Avanta Shares held by persons who have not accepted the Offer and Avanta Shareholders should be aware that there may be no future market for Avanta Shareholders to realise their investment in Avanta.

Terms used but not defined in this announcement shall have the meaning given to them in the Offer Document dated 10 December 2014.

Enquiries:

 
Toscafund Asset Management LLP     Tel: +44(0) 207 
 Nigel Gliksten                     845 6100 
Whitman Howard Limited (financial  Tel: +44(0) 207 
 adviser to TVL)                    087 4550 
 Ranald McGregor-Smith 
 Nick Lovering 
Avanta Serviced Office Group       Tel: +44 (0) 
 plc                                20 3008 6000 
 Daniel Taylor, Chairman 
 Alan Pepper, Chief Executive 
 Officer 
Shore Capital and Corporate        Tel: +44 (0) 
 Limited                            207 408 4090 
 (Rule 3 financial adviser to 
 Avanta) 
 Stephane Auton 
 Patrick Castle 
Weber Shandwick                    Tel: +44 (0) 
 Nick Oborne                        207 367 5100 
 

Whitman Howard Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Whitman Howard Limited is acting as financial adviser exclusively for Toscafund and TVL and no-one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than Toscafundand TVL for providing the protections afforded to clients of Whitman Howard Limited, nor for providing advice in relation to any matter referred to herein.

Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Avanta and for no-one else in connection with the Offer and will not be responsible to anyone other than Avanta for providing the protections afforded to clients of Shore Capital and Corporate Limited nor for providing advice in relation to the Offer or any other matter or arrangement referred to in this announcement.

This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, an offer or invitation or the solicitation of any offer to sell or purchase any securities or the solicitation of any offer to otherwise acquire, subscribe for, sell or otherwise dispose of any security pursuant to the Offer or otherwise. The Offer will be made solely by means of the Offer Document and, in respect of Avanta Shares held in certificated form, the Form of Acceptance, which will contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. Any decision in respect of, or other response to, the Offer should be made only on the basis of the information contained in those documents.

This announcement does not constitute a prospectus or prospectus equivalent document.

Ends

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