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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lon.Forfaiting | LSE:LFC | London | Ordinary Share | GB0005287841 | ORD 40P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2855Q London Forfaiting Company PLC 29 September 2003 London Forfaiting Company Plc 29 September 2003 To: The Directors London Forfaiting Company Plc International House 1 St Katherine's Way London E1W 1XA 26 September 2003 Dear Sirs 1 Notification concerning interests in shares 1.1 This notification is sent by FIMBank (UK) Limited, on behalf of itself and the persons set out in paragraphs 1.2.1 to 1.2.5 below ("the Interested Persons"), for the purposes stated in paragraph 1.2 below. 1.2 The Interested Persons hereby give notice to London Forfaiting Company Plc ("LFC") pursuant to, and for the express purpose of discharging the disclosure obligations stipulated by, the provisions of sections 198 to 202 of the Companies Act 1985 ("the Act"), of the matters referred to in paragraph 3 below arising out of the transaction referred to in paragraph 2.2 below. 1.2.1 FIMBank (UK) Limited ("FIMBank UK"); 1.2.2 First International Merchant Bank p.l.c ("FIMBank plc"); 1.2.3 Global Financial Holdings NV ("GFH"); 1.2.4. Kuwaiti Interests for Financial Investments ("KIFI"); and 1.2.5 Kuwaiti Interests for Development Holding KSC ("KIDH"). 1.3 The registered address of each of the Interested Persons is as follows: 1.3.1 FIMBank (UK) Limited 134 Wigmore Street, London W1U 3SE 1.3.2 First International Merchant Bank plc 7th Floor, The Plaza Commercial Centre, Bisazza Street, Sliema, SLM15 Malta 1.3.3 Global Financial Holdings NV Caracasbaaiweg 199, Curacao, Netherlands, Antilles 1.3.4 Kuwaiti Interests for Financial Investments Chamber of Commerce Building, 3rd Floor, P.O. Box 719 Al Safat, Zip Code 13008 Kuwait 1.3.5 Kuwaiti Interests for Development Holding KSC The Kuwait Chamber of Commerce Building 3rd Floor Al-Shuahada Street Sharq Commercial Area 9 Kuwait 2 The Transaction 2.1 For your information, FIMBank UK is a wholly owned subsidiary of FIMBank plc. GFH owns a 33.91 per cent. shareholding in FIMBank plc, and is a wholly-owned subsidiary of KIFI. KIFI is a family investment company and is owned as to 99.4 per cent by KIDH. 2.2 On 22 July 2003, WestLB Panmure Limited ("WestLB") made an offer on behalf of FIMBank UK to acquire the entire issued and to be issued share capital of LFC ("the Offer"). The Offer was declared unconditional in all respects on 28 August 2003. 2.3 The Offer was declared unconditional in all respects on 28 August 2003. 2.4 By 18 September 2003, the FIMBank UK had acquired nine-tenths in value of the ordinary shares of 40 pence each comprised in the relevant share capital of LFC to which the Offer relates (the "LFC Shares"). 2.5 On 24 September 2003 FIMBank UK sent notices pursuant to section 429 of the Act (the "Notices") to the holders of those LFC Shares that FIMBank UK had not acquired or contracted to acquire (the "Non-Assenting Shares") stating that FIMBank desired to acquire the Non-Assenting Shares. 3 Levels of Shareholdings 3.1 By virtue of (i) acceptances of the Offer and (ii) purchases by FIMBank UK of ordinary shares of 40 pence each comprised in the relevant share capital of LFC ("LFC Shares"), as at close of business on 9 September 2003 the Interested Persons are interested in 97,454,872 LFC Shares. None of the LFC Shares in which any of the Interested Persons is interested is by virtue of section 208(5) of the Act. 3.2 As at close of business on 22 September 2003, these LFC shares were registered as follows:- 3.2.1 43,946,292 of the LFC Shares assented to the Offer remain registered in the names of the shareholders who have accepted the Offer but will be registered in the name of FIMBank UK; 3.2.2 47,519,932 of the LFC Shares assented to the Offer have been registered in the name of FIMBank UK; 3.2.3 the 7,548,948 LFC Shares purchased by FIMBank UK have been registered in the name of FIMBank UK; and 3.2.4 the balance being Non-Assenting Shares remain registered in the names of the holders of the Non-Assenting Shares. Yours faithfully, FIMBank (UK) Limited First International Merchant Bank plc Global Financial Holdings NV Kuwaiti Interests for Financial Investments Kuwaiti Interests for Development Holdings KSC This information is provided by RNS The company news service from the London Stock Exchange END HOLUKSUROORKUAR
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