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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Safe Harbour Holdings Plc | LSE:SHH | London | Ordinary Share | JE00BF03FZ36 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.00 | 70.00 | 80.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 6037q SCOTTISH HIGHLAND HOTELS PLC 16 September 1999 PARAMOUNT HOTELS INVESTMENTS LIMITED ("PARAMOUNT") LEVEL OF ACCEPTANCE OF THE RECOMMENDED CASH OFFER ("THE OFFER") FOR THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF SCOTTISH HIGHLAND HOTELS PLC ("SCOTTISH HIGHLAND") By 3.00 pm London time on 8 September 1999, being the first closing date of the Offer, Paramount Hotels Investments Limited had received valid acceptances from the holders of 17,732,876 Scottish Highland Shares (representing approximately 60.67 per cent. of the existing issued share capital of Scottish Highland Hotels plc). In addition, on 18 August 1999 Paramount acquired 8,738,663 Scottish Highland Shares representing 29.90 per cent. of the issued share capital of Scottish Highland at 130p per share. Accordingly, Paramount Hotels Investments now owns, or has received acceptances in respect of in aggregate 26,471,539 Scottish Highland shares representing 90.57 per cent. of the issued share capital of Scottish Highland. The Board of Paramount Hotels Investments Limited announces that, having obtained acceptances for over ninety per cent. of the share capital of Scottish Highland Hotels plc, Paramount Hotels Investments Limited will acquire compulsorily all of the Scottish Highland Shares for which it has not yet received valid acceptances in respect of the Offer. In accordance with sections 428 to 430F of the Companies Act 1985 (the "Act") Paramount Hotels Investments Limited have served notices pursuant to section 429(4) of the Act on the holders of Scottish Highland Shares for which it has not yet received acceptances of the Offer. The Offer will remain open for acceptance until further notice. Terms defined in the offer document dated 1 August 1999 have the same meaning in this press release unless the context otherwise requires. Prior to the commencement of the offer period on 22 June 1999, save as disclosed in the offer document, neither Paramount Hotels Investments Limited nor any person acting in concert with it owned any Scottish Highland Shares (or rights over such shares) nor since that date (other than as disclosed above) has Paramount Hotels Investments Limited or any person acting in concert with it acquired or agreed to acquire any Scottish Highland Shares (or rights over such shares). This announcement, which is the sole responsibility of Paramount Hotels Investments Limited, has been approved by Apax Partners & Co. Capital Limited solely for the purpose of Section 57 of the Financial Services Act 1986. Apax Partners & Co. Capital Limited which is regulated by The Securities and Futures Authority Limited, is acting for Paramount Hotels Investments Limited and no-one else in connection with the Offer and will not be responsible for anyone other than Paramount Hotels Investments Limited for providing the protections afforded to its customers nor for providing advice in relation to the Offer. Enquiries: Paramount Hotels Investments Limited 0113 238 0033 Michael Purtill Ian Goulding Alchemy Partners 0171 240 9596 Martin Bolland Apax Partners & Co. Capital Limited 0161 831 9133 Richard Hughes END OFFLFMIBLLIBBBL
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