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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oriel Res. | LSE:ORI | London | Ordinary Share | GB0034246743 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 121.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 5293k ORIFLAME INTERNATIONAL S.A. 4 October 1999 Not for release, distribution or publication in or into the United States, Canada, Australia, Singapore or Japan ORIFLAME INTERNATIONAL S.A. Restructuring involving Recommended Cash Offer for Oriflame International S.A. ("Oriflame") EXTENSION OF THE OFFER Oriflame Trading Limited announces that by 4:00 p.m. London time on 4 October 1999 it had received valid acceptances of the Offer from Minority Shareholders (i.e., shareholders other than the af Jochnick Family Shareholders) in respect of 23,724,034 Oriflame Shares representing 23.9% of the Existing issued share capital of Oriflame. In order for the Offer to be declared unconditional as to acceptances, it is necessary for Minority Shareholders to accept the Offer in respect of at least 31,852,633 Oriflame Shares. Accordingly, acceptances are required from Minority Shareholders in respect of a further 8,128,599 Oriflame Shares representing 8.2% of the Existing issued share capital of Oriflame. The Family Shareholders have already accepted the Offer in respect of a minimum of 32,103,090 Oriflame Shares, representing 32.35% of the Existing issued share capital. As described in the Offer document, this number may be increased so as to ensure that the number of shares held by the Family Shareholders is equal to the number of shares held by Industri Kapital 1997 Limited following the Restructuring of Oriflame. The Offer has been extended to 3:00 p.m. London time on 12 October 1999. Definitions used in the Offer Circular dated 7 September 1999 have the same meanings when used in this announcement, unless the context requires otherwise. Enquiries: Mark Cunningham WestLB Panmure Limited 0171 638 4010 West LB Panmure Limited, which is regulated by The Securities and Futures Authority Limited, is acting for Oriflame acting through the Independent Director, and for no one else in connection with the Offer and will not be responsible to anyone other than Oriflame, acting through the Independent Director, for providing the protections afforded to customers of West LB Panmure Limited nor for giving advice in relation to the Offer. END OFFASAKKKKKRRAA
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