Statement re. Press Comment
06/10/2004 8:01am
UK Regulatory
RNS Number:7588D
Excel Airways Group PLC
06 October 2004
6 October 2004
Excel Airways Group plc
Press Comment
The Board of Excel Airways Group plc (the "Company") have noted a press article
released yesterday and wish to comment as follows. The board is aware that
talks have taken place between Air Atlanta and Libra (the two major shareholders
of the Company) which could result in Air Atlanta acquiring the majority of
Libra's 39 per cent. shareholding. In this event Air Atlanta would acquire a
majority shareholding and will trigger the need to make a cash offer for all of
the outstanding share capital not already owned by it. The Board of Excel
Airways is aware that the price per share at which the share acquisition would
take place is materially below the current share price.
The Board will keep shareholders informed of future developments.
Contacts:
Teather & Greenwood Limited
Christopher Hardie/Jon Drage 020 7426 9000
Buchanan Communications
Richard Darby 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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