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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Individual Rest | LSE:IRC | London | Ordinary Share | GB00B1J2C967 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 4867k INTEROUTE TELECOMMUNICATIONS PLC 17th November 1997 RECOMMENDED CASH OFFER BY SHAKER LIMITED ("SHAKER") FOR INTEROUTE TELECOMMUNICATIONS PLC ("INTEROUTE") OFFER BECOMES WHOLLY UNCONDITIONAL It is announced today that the recommended cash offer by Shaker for Interoute (the "Offer") has become unconditional in all respects on the basis that the matter has not been referred by the Secretary of State for Trade and Industry to the Monopolies and Mergers Commission (although the Office of Fair Trading have invited comments from interested parties). Consequently, Interoute shareholders who have accepted the Offer will receive payment within 14 days. It was announced on 31 October 1997 that the Offer had become unconditional as to acceptances. At 3.00pm on 15 November 1997 valid acceptances in respect of 15,659,144 Interoute shares, representing 46.98 per cent. of the issued share capital of Interoute, had been received. Prior to the announcement of the Offer on 25 September 1997, Shaker did not own any Interoute shares. Between the time of the announcement of the Offer and 24 October 1997, being the day immediately prior to the posting of the Offer, Shaker had acquired a total of 14,976,576 Interoute shares, representing approximately 44.93 per cent. of Interoute's issued share capital. Consequently, as at 3.00pm on 15 November 1997, Shaker held or had acceptances in respect of 30,635,720 Interoute shares representing approximately 91.91 per cent. of Interoute's issued share capital. Other than as set out above Shaker has not acquired or agreed to acquire any Interoute shares during the Offer period. The Offer will remain open for acceptance until further notice. As stated in the Offer Document, it is not Shaker's intention to maintain the trading facility for Interoute shares on the Alternative Investment Market of the London Stock Exchange. Accordingly, the Board of Interoute will today make an application to the London Stock Exchange for the AIM trading facility to be terminated with effect from 1 December 1997. Shareholders who have not accepted the Offer should be aware that there is unlikely to be a market in Interoute shares at that date. Enquiries: Gerald Beaney, Grant Thornton Tel: 0171 383 5100 Grant Thornton, which is authorised to carry on investment business by the Institute of Chartered Accountants in England and Wales, is acting exclusively for Shaker and for no one else in connection with the Offer and will not be responsible to anyone other than Shaker for providing the protections afforded to clients of Grant Thornton or for providing advice in relation to the Offer. Copies of this announcement will be available to the public free of charge from the offices of Grant Thornton, Grant Thornton House, Melton Street, Euston Square, London NW1 2EP during normnal office hours (Saturdays, Sundays and bank holiday excepted) for 14 days from today. END OFFNFPFXFEEXFEN
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