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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bulgarian Prop. | LSE:BPD | London | Ordinary Share | GB00B058TT05 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6742K Windsorville Investments Ltd. 27 December 2007 Windsorville Investments Ltd 27 December 2007 FOR IMMEDIATE RELEASE Cash Offer by Windsorville Investments Ltd for Bulgarian Property Developments PLC Further to the announcement on 14 December 2007 by Windsorville Investments Ltd ("Windsorville") regarding the cash offer by Windsorville for all of the issued and to be issued share capital of Bulgarian Property Developments plc ("Bulgarian Property Developments"), Windsorville is pleased to announce that the Offer Document and the Form of Acceptance relating to the Offer were posted to Bulgarian Property Developments' shareholders on 24 December 2007. Capitalised terms used, but not defined, in this announcement have the same meaning as given to them in the Offer Document. The Offer is final and will not be revised or increased in any circumstances. As set out in the Offer Document, acceptances of the Offer should be received by no later than 3.00p.m. (London time) on 18 January 2008, and the Offer will not be extended beyond this date unless it becomes or is declared unconditional as to acceptances, or if a competitive situation arises. If a competitive situation arises after the "no extension" statement (as referred to in the Code) that Windsorville has made in connection with the Offer by way of the Offer Document, Windsorville has reserved the right (with the consent of the Panel) to choose not to be bound by or to withdraw the "no extension" statement and be free to extend the Offer provided it complies with the requirements of the Code and in particular that: (i) it announces the withdrawal of such statement as soon as possible and in any event within four business days of the firm announcement of the competing offer; (ii) it notifies Bulgarian Property Developments Shareholders to that effect in writing at the earliest opportunity or, in the case of Bulgarian Property Developments Shareholders with registered addresses outside the United Kingdom or whom Windsorville knows to be nominees, custodians or trustees holding Bulgarian Property Developments Shares for such persons, by announcement in the United Kingdom at the earliest opportunity; and (iii)any Bulgarian Property Developments Shareholder who accepted the Offer after the date of the "no extension" statement is given a right of withdrawal in accordance with paragraph 3(c) of Part B of the Offer Document. Copies of the Offer Document and the Form of Acceptance will be available for inspection during normal business hours on any business day at Allen & Overy at 1 Bishops Square, E1 6AO while the offer remains open for acceptance. ENQUIRIES Citi (Financial Adviser to Windsorville) +44 (0)20 7986 4000 Ian Hart Grant Kernaghan Citi, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial adviser to Windsorville and no one else in connection with the Offer and this announcement and will not be responsible to anyone other than Windsorville for providing the protections afforded to clients of Citi nor for providing advice in connection with the Offer or this announcement or any matter referred to herein. This announcement does not constitute an offer to sell or solicitation of an offer to purchase or subscribe for any securities pursuant to the Offer or otherwise. The Offer is being made by the Offer Document and (in respect of certificated Bulgarian Property Developments shares) the form of acceptance accompanying the Offer Document, which will contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. The laws of relevant jurisdictions may affect the availability of the Offer to persons not resident in the United Kingdom. Persons who are not resident in the United Kingdom, or who are subject to the laws of any jurisdiction other than the United Kingdom, should inform themselves about, and observe, any applicable requirements. The Offer is not intended to be made, directly or indirectly, in, into or from Australia, Canada, Japan or the United States and the Offer will not be capable of acceptance 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 distribute or send it in, into or from such jurisdictions, as doing so may invalidate any purported acceptance of the Offer. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in one per cent. or more of any class of "relevant securities" of Bulgarian Property Developments, all "dealings" in any such "relevant securities" (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the Offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Bulgarian Property Developments, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings " in "relevant securities" of Bulgarian Property Developments by Windsorville or by Bulgarian Property Developments, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk . "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange END ODPTRBMTMMTTBIR
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