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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dobbies Garden | LSE:DGC | London | Ordinary Share | GB0002729738 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,265.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:0460U
Dobbies Garden Centres PLC
09 May 2008
Dobbies Garden Centres plc
Statement re initiation of legal proceedings
The Board of Dobbies Garden Centres plc ("Dobbies" or the "Company") (AIM: DGC)
announces that on 8 May 2008 proceedings were initiated by West Coast Capital
(Lios) Limited ("WCC") seeking an interim order to block the Company's proposed
open offer to shareholders (the "Open Offer").
The Board has carefully considered the merits of the Open Offer and believes
that the Open Offer is in the best interests of the Company and all of its
shareholders. The Open Offer will enable the Company to progress its stated
expansion plans and the Board believes that it provides access to funding on
attractive terms in current market conditions which will be earnings enhancing.
The Company intends to present a robust defence of its strategy at the court
hearing.
Dobbies is bound by legal process and confidentiality and it would not be
appropriate to comment further at this stage. The Board of Dobbies hopes for an
early resolution in order to allow it to concentrate its energies on running the
business to deliver returns to the benefit of all shareholders.
Enquiries:
James Barnes, Chief Executive
Sharon Brown, Finance Director
Dobbies Garden Centres plc Tel: 0131 663 6778
Sandy Fraser
Brewin Dolphin Limited (Nomad) Tel: 0131 529 0272
Ben Woodford / Emma Kent / Antonia Coad
Bell Pottinger Corporate & Financial Tel: 020 7861 3232
Date: 9 May 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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