We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Setstone | LSE:STN | London | Ordinary Share | GB0008528928 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9339N Stentor PLC 17 July 2000 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND CANADA ENERGIS PLC, VIRIDIAN GROUP PLC, NEVADA TELE.COM LIMITED RECOMMENDED CASH OFFERS BY DRESDNER KLEINWORT BENSON ON BEHALF OF NEVADA TELE.COM LIMITED FOR STENTOR PLC ORDINARY OFFER UNCONDITIONAL AS TO ACCEPTANCES OFFERS EXTENDED UNTIL FURTHER NOTICE The Board of nevada tele.com is pleased to announce that, as at 3.00 p.m. on Friday 14 July 2000, the second closing date of the Offers, valid acceptances of the Offers had been received in respect of a total of 64,954,974 Stentor Ordinary Shares representing, as regards the Ordinary Offer, approximately 92.4 per cent. of the current issued ordinary share capital of Stentor, and in respect of a total of 3,482,543 Stentor Preferred Ordinary Shares representing, as regards the Preferred Offer, approximately 99.5 per cent. of the current issued convertible preferred ordinary share capital of Stentor. In accordance with the conditions of the Ordinary Offer, the Board of nevada tele.com declares the Ordinary Offer unconditional as to acceptances. The Offers have been extended and will remain open for acceptance until further notice. Stentor Shareholders who wish to accept the Offers but have not already done so should do so as soon as possible. nevada tele.com now has valid acceptances representing in excess of 80 per cent. of the Stentor Ordinary Shares and of the Stentor Preferred Ordinary Shares to which the Offers relate. Following the Offers becoming wholly unconditional, these percentage acceptances are expected to enable nevada tele.com to apply the provisions of section 204 of the Act to acquire compulsorily any outstanding Stentor Shares not acquired or agreed to be acquired pursuant to the Offers or otherwise. The Offers remain conditional upon the satisfaction of certain other conditions, in particular relating to the receipt of clearance from the US Federal Communications Commission ("FCC"). Clearance from the Minister for Enterprise, Trade and Employment in Ireland was received on 14 July 2000 and the Board of nevada tele.com believes that the FCC clearance should be obtained in due course. The Board of nevada tele.com intends to declare the Offers wholly unconditional on satisfaction of the condition of the Offers relating to approvals from the FCC, assuming that, at such time, the other conditions to the Offers are satisfied in all material respects. Stentor has agreed with nevada tele.com, in accordance with the conditions of the Offers, that the Offers will only lapse if the remaining conditions have not been satisfied or (if capable of waiver) waived or, where appropriate, been determined by nevada tele.com in its reasonable opinion to be satisfied in each case by midnight on 22 August 2000. If necessary, this period may be extended further should nevada tele.com so decide and Stentor agree. Neither nevada tele.com nor, so far as nevada tele.com is aware, any person acting in concert with nevada tele.com for the purpose of the Offers, owned or controlled any Stentor Ordinary Shares or Stentor Preferred Ordinary Shares (or rights over such shares) immediately before the commencement of the Offer Period or has, during the Offer Period, acquired or agreed to acquire Stentor Ordinary Shares or Stentor Preferred Ordinary Shares (or rights over such shares). None of the acceptances referred to above was received from any person acting in concert with nevada tele.com for the purpose of the Offers. Enquiries: nevada tele.com Limited +44 28 9072 0500 Nigel Wilson Chairman Irene Cackett Managing Director David Beck Finance Director Dresdner Kleinwort Benson +44 20 7623 8000 Nicholas Lee Stentor plc +353 1 248 7300 Gerard O'Keeffe Chief Executive John East & Partners Limited +44 20 7628 2200 Jeffrey M Coburn Terms defined in the Offer Document dated 2 June 2000 have, unless the context otherwise requires, the same meaning in this announcement. Kleinwort Benson Limited, which is regulated in the conduct of investment business in the United Kingdom by The Securities and Futures Authority Limited, is acting exclusively for nevada tele.com and no one else in connection with the Offers and will not be responsible to anyone other than nevada tele.com for providing the protections afforded to customers of Kleinwort Benson Limited or for providing advice in relation to the Offers. The Offers are not being made, directly or indirectly, in or into the USA or Canada or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facility of a national securities exchange of, either of those jurisdictions and the Offers should not be accepted by any such use, means, instrumentality or facility or from within the USA or Canada. Nor are the Offers capable of acceptance by any such use, means, instrumentality or facility or from within the USA or Canada and doing so may render invalid any purported acceptance. Accordingly, copies of this announcement, the Offer Document, the Forms of Acceptance and any related documents are not being, and must not be, mailed or otherwise distributed or sent in, into or from the USA or Canada. Notwithstanding the foregoing restrictions, nevada tele.com retains the right to permit the Offers to be accepted if, in its sole discretion, it is satisfied that the transaction in question is exempt from or not subject to the legislation or regulation giving rise to the restrictions in question. All Stentor Shareholders, Warrantholders or Optionholders (including, without limitation, nominees, trustees or custodians) who would or otherwise intend to forward this announcement, the Offer Document, the Forms of Acceptance or any related documentation to any jurisdictions outside the UK or the Republic of Ireland should read the Offer Document before taking any action. The nevada tele.com Directors, the Energis Directors and the Viridian Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the nevada tele.com Directors, the Energis Directors and the Viridian Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
1 Year Setstone Chart |
1 Month Setstone Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions