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Accl Rtn Bear Mkt Phlx Housing | AMEX:MPL | AMEX | Ordinary Share |
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RNS Number:3778N Montpellier Group PLC 10 July 2003 Montpellier Group Plc ("Montpellier") Recommended Increased Cash Offer by Tobull Limited ("Tobull") for Bullough plc ("Bullough") Compulsory acquisition Tobull, a wholly owned subsidiary of Montpellier, announces that as at 3.00 pm on 9 July 2003, Tobull had received valid acceptances of the Increased Offer in respect of 33,607,633 Bullough Shares representing approximately 63.20 per cent of Bullough's issued share capital and over 90 per cent. of the Bullough Shares in respect of which the Increased Offer was made. The Increased Offer was declared unconditional in all respects on 18 June 2003. Tobull has given notice to exercise its rights pursuant to sections 428 to 430F of the Companies Act to acquire compulsorily any Bullough Shares which it does not already hold and in respect of which valid acceptances of the Increased Offer have not been received. The Increased Offer will remain open for acceptance until further notice. Unless the context otherwise requires, words and expressions defined in the formal offer document, dated 13 May 2003, shall have the same meanings in this announcement. 10 July 2003 Enquiries: Ralph Baber, Chairman of Tobull Limited 0207 522 3211 Claes Piehl, Executive Chairman of Bullough plc 0207 522 3206 John Wakefield, Director of Rowan Dartington & Co. Limited 0117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange END OUPEAXXNEDNDEFE
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