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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Spring Grove | LSE:SGV | London | Ordinary Share | GB0004336177 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2422D Park Street Holdings Ltd 23 September 2004 23 SEPTEMBER 2004 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Park Street Holdings Limited Recommended Cash Offer for Spring Grove Property Maintenance PLC Compulsory acquisition of outstanding Spring Grove Shares The Board of Park Street Holdings Limited ("Park Street"), a wholly-owned subsidiary of Mount Street Holdings PLC ("Mount Street"), announces that at 3.00 p.m. on 22 September 2004, Park Street had received valid acceptances of the Offer in respect of a total of 8,177,282 Spring Grove Property Maintenance PLC ("Spring Grove") Shares, representing approximately 94.0 per cent of the Spring Grove Shares subject to the Offer. As such, Park Street is entitled to exercise its rights pursuant to sections 428 to 430F of the Companies Act 1985 (the "Act") to compulsorily acquire all of the outstanding Spring Grove Shares in respect of which valid acceptances have not been received. Accordingly, compulsory acquisition notices pursuant to section 429(4) of the Act will be despatched in due course to the holders of Spring Grove Shares who have not yet accepted the Offer. The Offer will remain open for acceptance until further notice. Spring Grove Shareholders who have not already done so are urged to accept the Offer as soon as possible rather than wait for their Spring Grove Shares to be compulsorily acquired by Park Street. An application has been made to the London Stock Exchange to cancel the admission of Spring Grove Shares to AIM. The cancellation of admission to AIM is expected to be effective from the close of business on 20 October 2004. The Offer remains subject to the terms and conditions set out in the Offer Document dated 25 August 2004. Words and expressions defined in the Offer Document shall have the same meaning when used in this announcement. ENQUIRIES Citigate Dewe Rogerson Tel: 020 7638 9571 Sarah Gestetner Alexandra Scrimgeour Alex Brown Houlihan Lokey Howard & Zukin (Europe) Limited Tel: 020 7839 3355 Duncan Priston Lee Yeomans Shore Capital and Corporate Limited Tel: 020 7408 4090 Alex Borrelli Simon Edwards The Offer is not being made, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone or e-mail) of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction, and cannot be accepted by any such use, means or instrumentality or facility from or within the United States, Canada, Australia or Japan. Houlihan Lokey Howard & Zukin (Europe) Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority in respect of regulated activities, is acting exclusively for Park Street Holdings Limited and Mount Street Holdings PLC in connection with the Offer and is not acting for any other person in connection with the Offer. Houlihan Lokey Howard & Zukin (Europe) Limited will not be responsible to anyone other than Park Street Holdings Limited and Mount Street Holdings PLC for providing the protections afforded to its clients or for providing advice in relation to the Offer. Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority in respect of regulated activities, is acting exclusively for Spring Grove Property Maintenance PLC and no one else in connection with the Offer and will not be responsible to anyone other than Spring Grove Property Maintenance PLC for providing the protections afforded to customers of Shore Capital and Corporate Limited or for giving advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange END OUPQKBKBOBKDKCB
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