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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goshawk Ins.Hds | LSE:GOS | London | Ordinary Share | GB0003779195 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3919B Enstar Acquisitions Limited 15 August 2008 NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN OR INTO, AUSTRALIA, CANADA, THE UNITED STATES OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. 15 August 2008 For immediate release Recommended Mandatory Cash Offer by Enstar Acquisitions Limited (a wholly owned subsidiary of Enstar Group Limited) for the entire issued share capital of Goshawk Insurance Holdings plc NO EXTENSION On 14 July 2008, Enstar Acquisitions posted an offer document (the "Offer Document") to Goshawk Shareholders in respect of the offer of 5.2 pence in cash for each Goshawk Share (the "Offer"), which is being made by Enstar Acquisitions. Enstar Acquisitions was newly established for the purposes of making the Offer and is a wholly-owned subsidiary of Enstar. On 17 July 2008, Enstar Acquisitions announced the terms of a Mandatory Cash Offer for the entire issued ordinary share capital of Goshawk at a price of 5.2 pence for each Goshawk Share. The only condition attached to the Mandatory Cash Offer is for Enstar Acquisitions to have acquired (or agreed to acquire) or have received valid acceptances over Goshawk Shares carrying more than 50 per cent. of the voting rights. On 25 July 2008, Enstar Acquisitions announced that the only condition of the Mandatory Cash Offer had been satisfied and declared the Offer unconditional in all respects. On 5 August 2008, Enstar Acquisitions announced that the Mandatory Cash Offer will remain open for acceptance until 1.00 p.m. on 19 August 2008. Enstar Acquisitions announces that it will not extend the Offer beyond this time and date. Goshawk Shareholders who have not yet accepted the Offer are therefore urged to do so as soon as possible and in any event by 1.00 p.m. on 19 August 2008 as any acceptances received after this time and date will not be valid. Notice of Cancellation of Admission to Trading As previously announced, by virtue of the level of acceptances of the Offer, Enstar Acquisitions has acquired or agreed to acquire issued share capital carrying more than 75 per cent. of the voting rights of Goshawk. As a result, Goshawk has applied to the UKLA for the cancellation of the listing of Goshawk Shares on the Official List and to the London Stock Exchange for the cancellation of the admission to trading of Goshawk Shares on the London Stock Exchange's market for listed securities. It is anticipated that the cancellation of the listing of Goshawk Shares on the Official List and the cancellation of the admission to trading of Goshawk Shares on the London Stock Exchange's market for listed securities will take effect on 3 September 2008. If this cancellation occurs, it will significantly reduce the liquidity and marketability of Goshawk Shares not assented to the Offer. Once cancellation has taken effect, Goshawk Shareholders will no longer be able to effect transactions in Goshawk Shares on the market at the market price. Certain terms used in this announcement are defined in the Offer Document dated 14 July 2008 and the Mandatory Cash Offer announcement dated 17 July 2008. Enquiries: Fox-Pitt, Kelton (Financial Adviser to Enstar) ------------------------------------------------- Simon Law Tel: +44 (0)20 7663 6000 Marc Milmo Fox-Pitt, Kelton, which is authorised and regulated by the FSA in the United Kingdom, is acting exclusively for Enstar and Enstar Acquisitions and no-one else in connection with the Offer and will not be responsible to anyone other than Enstar and Enstar Acquisitions for providing the protections afforded to clients of Fox-Pitt, Kelton nor for providing advice in relation to the Offer, the contents of this announcement or any other matter or arrangement referred to herein. The Enstar Acquisitions Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Enstar Acquisitions Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. THIS ANNOUNCEMENT IS NOT INTENDED TO, AND DOES NOT, CONSTITUTE OR FORM PART OF ANY OFFER, INVITATION OR THE SOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES NOR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION IN CONTRAVENTION OF ANY APPLICABLE LAW. The availability of the Offer to Goshawk Shareholders who are citizens or residents of jurisdictions outside the United Kingdom may be affected by the laws of their relevant jurisdiction. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction. If you remain in any doubt, you should consult your professional adviser in the relevant jurisdiction without delay. Unless otherwise determined by Enstar Acquisitions or required by the City Code and permitted by applicable law and regulation, the Offer will not be, made, directly or indirectly, in or into, or by any means or instrumentality (including, without limitation, electronic mail, facsimile transmission, telex, telephone, internet or other forms of electronic communication) of interstate or foreign commerce of, or any facility of a national state or other securities exchange of the United States, Canada, Australia, Japan or any other Restricted Jurisdiction and will not be capable of acceptance by any such use, means, instrumentality or facility or from within the United States, Canada, Australia, Japan or any other Restricted Jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END OUPUSSBRWSRWAAR
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