Withdrawal of possible offer for Optare plc

 
TIDMOPE 
 
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29 December 2011 
 
FOR IMMEDIATE RELEASE 
 
WITHDRAWAL OF POSSIBLE OFFER FOR OPTARE PLC 
 
The board of Alexander Dennis Limited ("ADL") announces that, after careful 
consideration, it has withdrawn its interest in considering making an offer for 
the entire issued share capital of Optare plc ("Optare"). 
 
Following the announcement yesterday that ADL might be prepared to consider 
making an offer, ADL was advised by Optare's financial adviser, Cenkos 
Securities plc, that "We have received confirmation from Ashok Leyland Limited 
that it has no intention of selling its stake in Optare to anyone at any 
price." As Ashok holds 26% of the issued share capital of Optare and ADL has 
been unable to obtain any of the information on Optare requested on 23 December 
2011, the board of ADL has concluded that it will not pursue further its 
possible interest. 
 
This announcement is made in accordance with Rule 2.8 of the Takeover Code. 
 
Enquiries: 
 
Alexander Dennis Limited                           0148 357 1271 
 
Bill Simpson                                       0776 699 5000 
 
Noble Grossart Limited                             0131 226 7011 
Todd Nugent 
 
Cardew Group                                       0207 930 0777 
Rob Ballantyne 
Shan Shan Willenbrock 
Georgina Hall 
 
 
Noble Grossart Limited ("Noble Grossart") is authorised and regulated by the 
Financial Services Authority in the United Kingdom. Noble Grossart is acting 
for ADL and no-one else in relation to the subject matter of this announcement 
and will not be responsible to anyone other than ADL for providing the 
protections afforded to clients of Noble Grossart and for providing advice in 
relation to the subject matter of this announcement. 
 
In accordance with Rule 30.4 of the Code, a copy of this announcement will be 
published on the Company's website at www.alexander-dennis.com. 
 
 
 
END