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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Optare | LSE:OPE | London | Ordinary Share | GB00B2PGSY66 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.035 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMOPE
RNS Number : 7308U
Optare PLC
29 December 2011
Optare plc
29 December 2011
Optare plc ("Optare" or the "Company") Termination of Offer Talks
The Company notes the withdrawal today of Alexander Dennis Limited's (ADL) interest in considering making an offer for the entire issued share capital of Optare.
Following receipt of a request for information on the afternoon of 23 December, the Independent Directors sought clarification from Ashok Leyland as to whether they had any interest in selling their stake in Optare. ADL's advisers were informed by emailed letter on December 24th that Ashok Leyland would not be interested and in consequence the Independent Directors asked for clarification as to whether ADL would still be interested in making a possible offer for the remaining 74% of the shares in the Company.
The Independent Directors have at all times sought to act in best interests of shareholders and therefore required to establish that an offer could be made by ADL before providing commercially sensitive information to a competitor. The Independent Directors have received no further correspondence from ADL or its advisers since 23 December.
On 28 December, Ashok Leyland further confirmed that it had no intention of selling its stake "at any price" and the Independent Directors note ADL's reaction to this.
The Company confirms that its General Meeting will be held on 6 January 2012.
Contacts:
Optare plc Jim Sumner, CEO Peter Phillips, CFO and Company Secretary +44 (0) 845 838 9901 Cenkos Securities plc Camilla Hume Stephen Keys +44 (0) 20 7397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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