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IFT

5.57
0.00 (0.00%)
After Hours
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
NYSE:IFT NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.57 0.00 00:00:00

Compulsory Acqn of Shares

24/09/2003 12:17pm

UK Regulatory


RNS Number:1110Q
Kidde PLC
24 September 2003

24 September 2003


(Not for release, publication or distribution, in whole or in part, in, into or
              from Australia, Canada, Japan, or the United States)


                               Recommended cash offer

                                    by ABN AMRO

                                    on behalf of

                               Kidde Holdings Limited

                      (a wholly owned subsidiary of Kidde plc)

                                        for

                                    IFTE plc


                     Compulsory acquisition of IFTE Shares




Kidde announces that as at 3.00 p.m. on 23 September 2003, Kidde Holdings had
acquired or had received valid acceptances of the Offer in respect of more than
90 per cent. of the IFTE Shares to which the Offer relates.

Accordingly, the board of Kidde Holdings has today commenced the procedure for
the compulsory acquisition of all outstanding IFTE Shares under the provisions
of sections 428 to 430F of the Companies Act 1985 (as amended) (the "Act"). The
statutory notices will be posted today to IFTE Shareholders who have not yet
validly accepted the Offer pursuant to section 429(4) of the Act. The compulsory
acquisition procedure is expected to be concluded on, or shortly after, 5
November 2003.

The Offer remains open for acceptance until the compulsory acquisition process
has completed. Kidde urges IFTE Shareholders who have not yet accepted the Offer
to complete and return their Forms of Acceptance as soon as possible. Any IFTE
Shareholder who has any questions regarding the Offer or requires a further copy
of the Offer Document or Form of Acceptance should telephone Capita IRG Plc, the
receiving agent to the Offer, on 0870 162 3100 or (if calling from outside the
UK) +44 20 8639 2157.

On 18 September 2003, IFTE announced that it had requested cancellation of
admission of the ordinary shares of IFTE to dealings on AIM. It is expected that
cancellation will become effective from the close of business on 17 October
2003.




                                    - ENDS -




This announcement is not intended to, and does not constitute, or form part of,
an offer or an invitation to purchase securities.


The Offer is not being made, directly or indirectly, in or into, or by use of
the mails of, or by any means or instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or any
facilities of a securities exchange of, Australia, Canada, Japan or the United
States, and, subject to certain exceptions, the Offer is not capable of
acceptance by any such use, means or instrumentality or facilities of, from or
within Australia, Canada, Japan or the United States. Accordingly, copies of
this announcement are not being, and must not be, directly or indirectly, mailed
or otherwise forwarded, distributed or sent in, into or from Australia, Canada,
Japan or the United States and persons receiving this announcement (including
custodians, nominees and trustees) must not mail or otherwise forward,
distribute or send it in or into Australia, Canada, Japan or the United States.
Doing so may render invalid any purported acceptance of the Offer.


Words and expressions defined in the Offer Document dated 29 July 2003 apply for
the purposes of this announcement. The full terms and conditions of the Offer
are set out in the Offer Document and the accompanying Form of Acceptance. In
deciding whether or not to accept the Offer, IFTE Shareholders must rely solely
on the terms and conditions of the Offer and the information, and the procedures
described, in the Offer Document and related Form of Acceptance.


Persons receiving this announcement should note that, in connection with the
Offer described above, ABN AMRO is acting for Kidde and Kidde Holdings and no
one else and will not be responsible to anyone other than Kidde or Kidde
Holdings for providing the protections afforded to its customers or for
providing advice in relation to the Offer, the contents of this announcement or
any arrangement referred to herein.


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

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