Posting of offer

 

TIDMDLD 
 
RNS Number : 1111A 
Black Sea Global Properties Limited 
02 October 2009 
 

Not for release, publication or distribution in or into the United States of 
America, Canada, Australia, the Republic of South Africa or Japan or any other 
jurisdiction where to do the same would constitute a violation of the relevant 
laws of such jurisdiction 
 
2 October 2009 
BLACK SEA GLOBAL PROPERTIES LIMITED and 
DEUTSCHE LAND PLC 
RECOMMENDED INCREASED AND UNCONDITIONAL MANDATORY CASH OFFER 
by 
BLACK SEA GLOBAL PROPERTIES LIMITED 
for 
DEUTSCHE LAND PLC 
Posting of Increased Offer Document 
Further to the joint announcement on 25 September 2009 by Black Sea Global 
Properties Limited ("BSGP") and Deutsche Land plc ("Deutsche Land") regarding 
the recommended increased mandatory cash offer by BSGP at 13 pence per Deutsche 
Land Share (the "Increased Offer"), BSGP and Deutsche Land are pleased to 
announce that the Increased Offer Document and New Form of Acceptance were 
posted to the shareholders of Deutsche Land yesterday. 
The first closing date for the Increased Offer is 3.00 p.m. (London time) on 21 
October 2009 and there is no obligation on BSGP to extend the Increased Offer 
beyond such date. 
To accept the Increased Offer for Deutsche Land Shares held in certificated 
form, Deutsche Land Shareholders should complete, sign and return the New Form 
of Acceptance, which accompanies the Increased Offer Document, in accordance 
with the instructions contained therein and set out in the Increased Offer 
Document. 
 
 To accept the Increased Offer for Deutsche Land Shares held in 
uncertificated form (that is, in CREST), Deutsche Land Shareholders should 
follow the procedure for electronic acceptance through CREST in accordance with 
the instructions set out in the Increased Offer Document. 
 
 
 Copies of the Increased Offer Document, the New Form of Acceptance and 
other documents required to be put on display for the purposes of the Increased 
Offer are available for inspection during normal business hours on any business 
day at the offices of Berwin Leighton Paisner LLP, Adelaide House, London 
Bridge, London, EC4R 9HA throughout the period during which the Increased Offer 
remains open for acceptance. 
 
Capitalised terms used in this announcement have the same meaning given to them 
in the Increased Offer Document. 
 
 A copy of this announcement and the Increased Offer Document has been 
published on BSGP's website. They can be viewed at www.bsgproperties.com. 
 
 A copy of this announcement has been published on Deutsche Land's website 
and can be viewed at www.deutscheland.co.im/. 
 
 
Enquiries: 
+----------------------------------------------+----+----------------------+ 
| Lazard & Co., Limited (Financial Adviser to  |    | [phone] | 
| BSGP)                                        |    |                      | 
| Patrick Long                                 |    |                      | 
| Michael Bressler                             |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Oriel Securities Limited (Broker to BSGP)    |    | [phone] | 
| Tom Durie                                    |    |                      | 
| Sapna Shah                                   |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Financial Dynamics (PR Adviser to BSGP)      |    | [phone] | 
| Stephanie Highett                            |    |                      | 
| Richard Sunderland                           |    |                      | 
| Rachel Drysdale                              |    |                      | 
+----------------------------------------------+----+----------------------+ 
| SP Angel Corporate Finance LLP (Financial    |    | [phone] | 
| Adviser and Broker to Deutsche Land)         |    |                      | 
| John Mackay                                  |    |                      | 
| David Facey                                  |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Matrix Corporate Capital LLP (Nominated      |    | [phone] | 
| Adviser to Deutsche Land)                    |    |                      | 
| Stephen Mischler                             |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Citigate Dewe Rogerson (PR Adviser to        |    | [phone] | 
| Deutsche Land)                               |    |                      | 
| George Cazenove                              |    |                      | 
| Hannah Seward                                |    |                      | 
|                                              |    |                      | 
+----------------------------------------------+----+----------------------+ 
Dealing disclosure requirements 
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, 
"interested" (directly or indirectly) in 1 per cent. or more of any class of 
"relevant securities" of Deutsche Land, all "dealings" in any "relevant 
securities" of Deutsche Land (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 Increased 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 Deutsche Land, 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 City Code, all "dealings" in "relevant 
securities" of Deutsche Land, by BSGP, or by any of its "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 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 in this summary of dealing disclosure requirements are 
defined in the City 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 
 
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