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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Base Grp. | LSE:BS. | London | Ordinary Share | GB0000566389 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 4546r BRITISH STEEL PLC 4 October 1999 PUBLIC OFFER FOR KONINKLIIJKE HOOGOVENS N.V. ("HOOGOVENS") by CORUS GROUP PLC ("CORUS") British Steel plc announces that as at 3.00 pm, Amsterdam time, on 1 October 1999, 94.2% of the then outstanding (depositary receipts for) ordinary shares in Hoogovens had been submitted for exchange in accordance with the public offer (the "offer") made by Corus (formerly known as BSKH plc). Together with the A preference shares which Corus will acquire following completion of the Offer, Corus will hold approximately 95.4% of the total issued share capital of Hoogovens. Accordingly, the Offer has been honoured by Corus, subject to and immediately upon satisfaction of the condition set our in Section 12.5 sub-section (g) of the Offer Document (i.e., an office copy of the Court Order (as defined in the Offer Document) having been delivered for registration to the Registrar of Companies in England and Wales and the registration of the Court Order by the Registrar of Companies in England and Wales). It is expected that this condition will be satisfied on 6 October 1999. The Court hearing relating to the British Steel Scheme of Arrangement is expected to take place today following which a further announcement will be made. Enquiries: Investor Relations 0171 314 5500 This announcement is not an extension of the Hoogovens offer, directly or indirectly, in or into the United States. The Corus plc shares to be exchanged for Hoogovens Ordinary Shares in the Hoogovens Offer have not been and will not be registered under the US Securities Act of 1933, as amended, nor under the laws of any state of the United States and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States expect pursuant to an exemption from the registration requirements of the US Securities Act of 1933, as amended. The Hoogovens Offer is not permitted to be accepted in or from the United States. END MSCBIBBGGBGCCCX
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