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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Debenhams | LSE:DEB | London | Ordinary Share | GB00B126KH97 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.83 | 1.80 | 1.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6883R Laragrove Limited 05 November 2003 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO CANADA, AUSTRALIA OR JAPAN 5 November 2003 Laragrove Limited ("Laragrove") Cash Offer for Debenhams plc (the "Offer") Offer Lapsed The board of Laragrove announced on 23 October 2003 that it would not be increasing its offer for Debenhams plc or participating in the bidding process which had been scheduled to commence on 31 October 2003. Accordingly, the board of Laragrove confirms that with the time period for the extension of the offer having expired at 3.00pm on 4 November 2003, the offer has now lapsed. By 3.00 p.m. (London time) on 4 November 2003, the sixth closing date of the Offer, valid acceptances of the Offer had been received, and not withdrawn, in respect of a total of 7,905,959 Debenhams Shares, representing approximately 2.15 per cent. of the existing issued share capital of Debenhams, and valid acceptances in respect of 121,306 Debenhams shares representing 0.03 per cent. of the issued share capital of Debenhams received from persons acting in concert with Laragrove, have been withdrawn. On 9 May 2003, being the last Business Day prior to the commencement of the Offer Period, persons presumed on that date to be acting in concert with Laragrove held 4,076,930 Debenhams Shares or rights over Debenhams Shares, including the maximum number of Debenhams Shares under options or awards over, or referenced to, Debenhams Shares granted under the Debenhams Share Schemes to members of the Management Team as more fully described in the Offer Document. On 28 July, being the last Business Day prior to the date on which Goldman Sachs International and its affiliates ("Goldman Sachs") were presumed to be acting in concert with Laragrove, Goldman Sachs held 3,884,020 Debenhams Shares. Between 29 July and 3 November (inclusive), being the latest practicable date prior to the date of this announcement, in its capacity as a person acting in concert with Laragrove, Goldman Sachs acquired 66,830 Debenhams Shares and sold 1,579,050 Debenhams Shares pursuant to arrangements which have been approved by the Panel. Save as disclosed in this announcement or in the Offer document dated 4 August 2003 (the "Offer Document"), neither Laragrove nor any person presumed to be acting in concert with Laragrove for the purpose of the Offer owned or controlled any Debenhams Shares (or rights over Debenhams Shares) immediately prior to the commencement of the Offer Period, or has acquired or agreed to acquire any Debenhams Shares (or rights over Debenhams Shares) since the commencement of the Offer Period. The words and expressions defined in the Offer Document shall have the same meaning in this announcement unless the context otherwise requires. Enquiries UBS Investment Bank +44 (0) 20 7567 8000 Paul Morris Mihiri Jayaweera Finsbury Group +44 (0) 20 7251 3801 Edward Orlebar Melanie Gerlis UBS is acting for the Laragrove Group, Permira Advisers Limited, Blackstone and Goldman Sachs Capital Partners in connection with the Offer and no-one else and will not be responsible to anyone other than the Laragrove Group, Permira Advisers Limited, Blackstone and Goldman Sachs Capital Partners for providing the protections afforded to clients of UBS or for providing advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange END OLAEANFLEDADFFE
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