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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Braemar | LSE:BRG | London | Ordinary Share | GB00B012XS39 | 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% | 2.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRK TIDMBRG RNS Number : 6515P Brooks Macdonald Group PLC 21 July 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 IT IS UNLAWFUL TO DO SO 21 July 2010 RECOMMENDED CASH OFFER for Braemar Group plc ("Braemar") by Brooks Macdonald Group plc ("Brooks Macdonald") CLOSURE OF OFFER AND COMPULSORY ACQUISITION OF OUTSTANDING BRAEMAR SHARES On 7 July 2010, Brooks Macdonald declared the Offer to acquire the entire issued, and to be issued, share capital of Braemar unconditional in all respects and extended it until 1.00 p.m. on 20 July 2010. The Offer has now closed and is therefore no longer open for acceptances. Brooks Macdonald announces that, as at 1.00 p.m. on 20 July 2010, valid acceptances had been received in respect of a total of 122,909,999 Ordinary Shares, representing approximately 67.14 per cent. of the existing issued Ordinary Shares and 91.18 per cent. of the Ordinary Shares to which the Offer relates. As at 1.00 p.m. on 20 July 2010, Brooks Macdonald had received acceptances in respect of or acquired a total of 131,879,637 Ordinary Shares, representing approximately 97.83 per cent. of the Ordinary Shares to which the Offer relates. Accordingly, Brooks Macdonald will, as stated on page 17 of the Offer Document, exercise its rights pursuant to the provisions of Part 28 of the Companies Act to acquire compulsorily all remaining Ordinary Shares which it does not already hold or has not already acquired or contracted to acquire or in respect of which it has not already received acceptances. Braemar has made an application to the London Stock Exchange to cancel the admission to trading on AIM of the Ordinary Shares. It is anticipated that such cancellation will take effect on or around 4 August 2010. Following such cancellation, Brooks Macdonald intends to procure that Braemar re-registers as a private company under the provisions of the Companies Act in due course. Capitalised terms used but not defined in this announcement have the same meaning given to them in the offer document issued by Brooks Macdonald on 15 June 2010. Enquiries Brooks Macdonald Group plc Tel: +44(0)20 7499 6424 Chris Macdonald (Chief Executive) Simon Jackson (Finance Director) Collins Stewart Europe Limited Financial adviser, Nomad and broker to Brooks Macdonald Tel: +44(0)20 7523 8350 Bruce Garrow Mark Connelly Bankside Consultants Financial PR adviser to Brooks Macdonald Tel: +44(0)20 7367 8888 Simon Rothschild Oliver Winters Collins Stewart, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to Brooks Macdonald and no-one else in connection with the Offer and will not be responsible to anyone other than Brooks Macdonald for providing the protections offered to clients of Collins Stewart nor for providing advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange END CASBRGDRXGDBGGG
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