Internos Real Investments Limited Offer Condition Invoked (5222I)

TIDMINRE

RNS Number : 5222I

Internos Real Investments Limited

26 July 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

26 July 2012

Internos Real Investments Limited ("Internos")

Proposed acquisition of Invista Real Estate Investment Management plc ("Invista") - offer condition invoked

On 23 May 2012, Internos announced its firm intention to make an offer to acquire the entire issued and to be issued share capital of Invista (the "Offer Announcement"), to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").

Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings given to them in the Offer Announcement.

The Scheme is conditional upon, amongst other things, the necessary shareholder approvals being obtained by not later than 25 July 2012 (the "Condition").

Internos announces that:

1 following the adjournment of the Court Meetings and the General Meeting by Invista (as announced by Invista on 27 June 2012), the Condition has not been satisfied; and

2 Internos has elected to invoke the Condition and, as such, both the Scheme and the Offer have now lapsed.

Enquiries:

 
 Internos 
  Jonathan Short 
  Andrew Thornton                       [phone] 
 Oriel Securities (Financial Adviser 
  to Internos) 
  Roger Clarke 
  Neil Langford 
  Tom Yeadon                            [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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