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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlas Est. | LSE:ATLS | London | Ordinary Share | GB00B0WDBP88 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMATLS RNS Number : 5942N Fragiolig Holdings Ltd 14 June 2010 FOR IMMEDIATE RELEASE 14 June 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION CASH OFFER BY FRAGIOLIG HOLDINGS LIMITED ("FRAGIOLIG") FOR ATLAS ESTATES LIMITED ("ATLAS") OFFER UPDATE Fragiolig announces that on 9 June 2010 it settled the Atlas Shares it had acquired from the Atlas Shareholders who had accepted the Offer between 26 May 2010 and 1 June 2010 (the "Settlement"). As a result of the Settlement as at 9 June 2010: (i) Fragiolig held 17,949,050 Atlas Shares representing approximately 38.3 per cent. of the issued share capital of Atlas; and (ii) Fragiolig, together with parties acting in concert with it, owned, in aggregate, 30,036,782 Atlas Shares representing approximately 64.1 per cent. of the issued share capital of Atlas. The Offer was declared wholly unconditional on 12 May 2010 and remains open for acceptance until 3.00 p.m. (London time) on 21 June 2010. Terms defined in the Offer Document dated 7 May 2010 shall have the same meanings in this announcement. ENQUIRIES: Fragiolig Holdings Limited Guy Indig Telephone: +357 2 245 8700 Excellion Advisors LLP, Financial Adviser to Fragiolig Robert Stafler Telephone: +44 (0) 20 3008 6870 Raffael Johnen Aura Financial Andy Mills Telephone: +44 (0) 20 7321 0034 Excellion Advisors LLP, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Fragiolig and no one else in connection with the matters described in this announcement and is not advising any other person and accordingly will not be responsible to any person other than Fragiolig for providing the protections afforded to clients of Excellion Advisors LLP or for providing advice in relation to the matters described in this announcement. This announcement does not constitute, or form part of, any offer for, or any solicitation of any offer for, securities. Any acceptance or other response to the Offer should be made only on the basis of information referred to in the Offer Document. The availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of their relevant jurisdiction. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction. Further details in relation to Overseas Shareholders are contained in the Offer Document. Unless otherwise determined by Fragiolig, the Offer is not being, and will not be, made, directly or indirectly, in or into or by the use of the mails of, or by any means of instrumentality (including, without limitation, telephonically or electronically) or interstate or foreign commerce of, or through any facilities of a national securities exchange of, the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction, and the Offer should not be accepted by any such use, means, instrumentality or facilities or from or within the United States, Canada, Australia or Japan or any such other jurisdiction. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia or Japan and all persons receiving this announcement (including nominees, trustees and custodians) must not mail or otherwise forward, distribute or send it in, into or from the United States, Canada, Australia or Japan. Doing so may render invalid any purported acceptance of the Offer. Notwithstanding the foregoing, Fragiolig will retain the right to permit the Offer to be accepted and any sale of securities pursuant to the Offer to be completed if, in its sole discretion, it is satisfied that the transaction in question can be undertaken in compliance with applicable law and regulation. Disclosure requirements of the City Code Under Rule 8.3(a) of the City Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure (as defined in the City Code) following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure (as defined in the City Code). Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. In addition to Rule 8, as Atlas Shares are also listed on the WSE, dealings in Atlas Shares may also require certain disclosures to be made to Atlas and to the Polish FSC. These obligations are regulated by the Public Offering Act and were outlined in the prospectus issued by Atlas in connection with the admission of the Atlas Shares to listing on the WSE. This information is provided by RNS The company news service from the London Stock Exchange END OUPFIMATMBABBLM
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