Statement re Ennstone plc

 

TIDMMMAT TIDMENN 
 
RNS Number : 5245N 
Marwyn Materials Limited 
18 February 2009 
 

 
 
18 February 2009 
 
 
Marwyn Materials Limited 
 
 
STATEMENT REGARDING ENNSTONE PLC 
 
 
On 20 November 2008, Marwyn Materials Limited ("Marwyn Materials" or "the 
Company") announced that it had approached the board of Ennstone plc 
("Ennstone") in order to explore a possible transaction which may or may not 
involve an offer for the Ennstone shares. Since the initial approach Marwyn 
Materials has been unable to agree terms with Ennstone that it considers would 
be in the best interests of Marwyn Materials shareholders. Therefore, the 
proposal which Marwyn was discussing with the board of Ennstone has now been 
withdrawn. 
 
 
Marwyn Materials considers that the opportunities to secure value-enhancing 
acquisitions in the building materials sector have increased in recent months. 
The Company is currently reviewing a number of potential purchases. 
 
 
Enquiries: 
 
 
For further information, please contact: 
 
 
Marwyn Materials Limited 
Peter Tom 020 7389 6800 
Simon Vivian 020 7389 6800 
 
 
For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers ("the 
Code"), Marwyn Materials reserves the right to make or participate in an offer 
or possible offer for Ennstone within the six months following the date of this 
announcement in the event that: (i) an agreement or recommendation from the 
Board of Ennstone is forthcoming; (ii) there is an announcement of an offer or 
possible offer by a third party for Ennstone; (iii) there is an announcement by 
or on behalf of Ennstone of a 'whitewash' proposal (as defined in the Code) or 
of a reverse takeover (as defined in the Code); or (iv) there is a material 
change of circumstances. Marwyn Materials also reserves the right to acquire any 
assets from Ennstone. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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