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Share Name | Share Symbol | Market | Type |
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NYSE:IFT | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 5.57 | 0.00 | 00:00:00 |
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 CASILFLLAEISFIV
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