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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bridgewell | LSE:BWL | London | Ordinary Share | GB00B1661Y95 | ORD 0.001P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 115.17 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0800B Bridgewell Group PLC 30 July 2007 The following replaces the "re Takeover by Landsbanki" announcement released at 07.00am under RNS number 0735B. 3.6888 New Landsbanki Shares has been replaced with 3.56888 New Landsbanki Shares. The full amended release appears below: 30 July 2007 Bridgewell Group plc Recommended takeover by Landsbanki Islands hf Consideration for each Scheme Share is 12.5p in cash and 3.56888 New Landsbanki Shares On 17 May 2007 the boards of Bridgewell and Landsbanki announced the terms of a recommended takeover of Bridgewell by Landsbanki to be effected by way of a scheme of arrangement under section 425 of the Companies Act 1985 (the "Scheme"). On 16 June 2007 Bridgewell despatched a circular containing the Scheme to its shareholders (the "Scheme Document"). On 10 July 2007 the necessary resolutions approving the Scheme were passed at a Court Meeting of Bridgewell Ordinary Shareholders and at a Bridgewell EGM. If the Scheme becomes effective, Bridgewell Ordinary Shareholders will receive: for each Scheme Share 12.5 pence in cash AND 3.56888 New Landsbanki Shares The number of New Landsbanki Shares due for each Scheme Share stated above has been calculated on the basis of (i) the ISK39.40 closing price for a Landsbanki Share on 27 July 2007 and (ii) the fixed official ISK124.99/#1.00 mid rate for that date published by the Central Bank of Iceland. New Landsbanki Shares representing fractional entitlements (rounded down to the nearest whole number) will be allotted and issued in the same way as other Landsbanki Shares allotted and issued pursuant to the Scheme in respect of the same holding of Scheme Shares. The Court Hearing of Bridgewell's petition to sanction the Scheme is expected to take place later today. Landsbanki has confirmed to Bridgewell that it has waived all relevant conditions relating to the Scheme in paragraph 2 of Part 3 of the Scheme Document. The date on which the Scheme is expected to become effective is 9 August 2007. Press enquiries: Landsbanki Sigurjon Th. Arnason / Halldor J Kristjansson + 354 410 4015 Teather & Greenwood (financial adviser and broker to Landsbanki) Nick Stagg 020 7426 9000 Financial Dynamics (PR adviser to Landsbanki) Andrew Walton 020 7269 7204 Bridgewell Paul Manduca / John Craven 020 7003 3000 N M Rothschild & Sons Limited (financial adviser to Bridgewell) Jonathan Eddis 020 7280 5000 Maitland (PR adviser to Bridgewell) Neil Bennett 020 7379 5151 Capitalised terms in this announcement have the meanings that they have in the Scheme Document. Teather & Greenwood, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Landsbanki and no one else in relation to the matters referred to in this announcement and will not be responsible to anyone other than Landsbanki for providing the protections afforded to clients of Teather & Greenwood nor for providing advice in relation to any such matter. Rothschild, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Bridgewell and for no one else in relation to the matters referred to in this announcement and will not be responsible to anyone other than Bridgewell for providing the protections afforded to clients of Rothschild nor for providing advice in relation to any such matter. This information is provided by RNS The company news service from the London Stock Exchange END OFFEANXEDLXXEEE
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