Offer Extension (7263Z)

TIDMCOL

RNS Number : 7263Z

Colliers International UK PLC

20 March 2012

20 March 2012

Colliers International UK plc

("Colliers International UK" or the "Company")

Offer Period Extension

In accordance with Rule 2.4(c) of the Takeover Code ("the Code"), FirstService Corporation ("FirstService") was required, pursuant to Rule 2.6(a) of the Code, by 5.00 p.m. on 20 March 2012 (the "relevant deadline"), to either announce a firm intention to make an offer for Colliers International UK, under Rule 2.7 of the Code, or announce that it does not intend to make an offer for Colliers International UK which would be treated as a statement to which Rule 2.8 applies.

FirstService is continuing constructive discussions with the Company's key stakeholders with the firm intention of completing a transaction shortly. The precise nature of such a transaction is yet to be determined and it may provide negligible, or no value for shareholders. It will, however, secure the future of the Group's operations, provide stability for employees and ensure uninterrupted service to all clients.

In accordance with Rule 2.6(c) of the Code, at the request of the Board of the Company, the Panel on Takeovers & Mergers (the "Panel") has consented to an extension of the relevant deadline, until 5.00 p.m. on 3 April 2012. There is no certainty that at the end of this period an offer for the Company will be made. Further announcements will be made as appropriate.

For further information, please visit www.colliers.com/uk or contact:

 
 Colliers International UK   Tavistock Communications 
 020 7344 6641               020 7920 3150 
 Natasha Sunderland          Jeremy Carey / Simon Hudson / Amy 
                              Walker 
 
 Panmure Gordon 
 020 7459 3600 
 Tim Linacre / Fred Walsh 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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