Offer Document Posted

RNS Number:7054T
Religare Capital Mrkts Int (UK) Ltd
02 May 2008


2 May 2008



Not for release, publication or distribution, in whole or in part, in or into or
  from the United States, Canada, Australia or Japan or any other jurisdiction
where to do so would constitute a violation of the relevant laws or regulations
                              of such jurisdiction


                             RECOMMENDED CASH OFFER
                                     by
       RELIGARE CAPITAL MARKETS INTERNATIONAL (UK) LIMITED ("RCMI(UK)")
       to acquire the entire issued and to be issued share capital of
                        HICHENS, HARRISON & CO PLC

                             

Offer Document Posted


Further to the announcement made on 4 April 2008 of a recommended cash offer by
Religare Capital Markets Limited to acquire the entire issued and to be issued
share capital of Hichens, Harrison & Co Plc ("Hichens"), RCMI(UK), an indirect
wholly-owned subsidiary of Religare Capital Markets Limited, announces that the
offer document (the "Offer Document") containing the full terms and conditions
of the Offer has today been posted to Hichens Shareholders together with the
Form of Acceptance.


Copies of the Offer Document and the Form of Acceptance are available for
inspection at the offices of Norton Rose (3 More London Riverside, London, SE1
2AQ) during normal business hours (9.30 a.m. to 5.30 p.m.) on any weekday
(weekends and public holidays excluded) while the Offer remains open for
acceptance. The Offer Document is also available on Hichens' website at
www.hichens.com.

Terms defined in the Offer Document have the same meaning in this announcement.

Enquiries:


PricewaterhouseCoopers LLP                      Telephone:  [phone]
(Financial adviser to Religare Capital Markets International (UK) Limited 
and Religare Capital Markets Limited)

Andrew Perkin

Ruegg & Co Limited                              Telephone: [phone]
(Financial adviser to Hichens)

Brett Miller




This press announcement does not constitute an offer or invitation to purchase
any securities or a solicitation of an offer to purchase any securities,
pursuant to the Offer or otherwise. The Offer is being made solely by means of
the Offer Document and, in the case of Hichens Shares held in certificated form,
the accompanying Form of Acceptance which contains the full terms and conditions
of the Offer, including details of how the Offer may be accepted.


This announcement has been prepared for the purpose of complying with English
law and the City Code and the information disclosed may not be the same as would
have been disclosed if this announcement had been prepared in accordance with
the laws of jurisdictions outside England.  Unless otherwise determined by RCMI
(UK) or required by the City Code and permitted by applicable law and
regulation, the Offer is not being made, and will not be made, directly or
indirectly, in or into, or by use of the mails, or by any means or
instrumentality (including, without limitation, by means of telephone,
facsimile, telex, internet or other forms of electronic communication) of
interstate or foreign commerce of, or by any facility of a national, state or
other securities exchange of, the United States, Canada, Australia, Japan or any
other jurisdiction where to do so would violate the laws of that jurisdiction (a
"Restricted Jurisdiction"), nor is the Offer capable of acceptance by any such
use, means, instrumentality or facility or from or within any Restricted
Jurisdiction.  Accordingly, copies of this announcement, the Offer Document, the
Form of Acceptance and any other documents relating to the Offer are not being,
and must not be, mailed or otherwise howsoever forwarded, distributed or sent
in, into or from any Restricted Jurisdiction. Persons receiving such documents
(including without limitation custodians, nominees and trustees) should observe
these restrictions and must not mail or otherwise howsoever forward, distribute
or send such documents in, into or from any Restricted Jurisdiction as doing so
may invalidate any related purported acceptance of the Offer.

The availability of the Offer to persons not resident in the UK may be affected
by the laws of the relevant jurisdiction. Persons who are subject to the laws of
any jurisdiction other than the United Kingdom should obtain professional advice
and observe any applicable requirements.


Dealing disclosure requirements

Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of Hichens, all "dealings" in any "relevant securities" of Hichens
(including by means of an option in respect of, or a derivative referenced to,
any such "relevant securities") must be publicly disclosed by no later than 3.30
p.m. (London time) on the Business Day following the date of the relevant
transaction.  This requirement will continue until the date on which the Offer
becomes, or is declared, unconditional as to acceptances, lapses or is otherwise
withdrawn or on which the Offer Period otherwise ends.  If two or more persons
act together pursuant to an agreement or understanding, whether formal or
informal, to acquire an "interest" in "relevant securities" of Hichens, they
will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevant
securities" of Hichens by RCMI(UK) or Hichens, or by any of their respective
"associates", must be disclosed by no later than 12.00 noon (London time) on the
Business Day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website.  If you are in any doubt as to whether or not you are
required to disclose a "dealing" under Rule 8, you should consult the Panel on
telephone number [phone].



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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