Change in Shareholding
08/05/2003 5:12pm
UK Regulatory
RNS Number:8738K
Thistle Hotels PLC
08 May 2003
8 May 2003
Thistle Hotels Plc ("the Company")
NOTIFICATION OF MAJOR INTEREST IN SHARES
On 1 May 2003, BIL International Limited ("BIL") announced that the offer (the "
Offer") made by HSBC Bank plc on behalf of BIL (UK) Limited ("BIL (UK)") for the
entire issued share capital of the Company not already owned by the BIL group
had been declared unconditional in all respects. The Offer has been recommended
by the Company's board.
Further to that announcement, the Company received notifications from BIL on 2
and 7 May 2003 such that, as a result of valid acceptances having been received
in respect of a total of 58,934,437 ordinary shares in the Company as at 3.00pm
on 6 May 2003, BIL is interested in a total of 280,029,077 ordinary shares in
the Company.
Class of security: Ordinary shares of 25 13/20 pence
Name of person having a major interest: BIL International Limited through
its wholly-owned subsidiaries BIL
(UK) and Ableton Holdings Limited
Date of notice to company: 07/05/03
Date of change in interest: from 01/05/03 up to and including
06/05/03 as a result of
acceptances of the Offer
Names of registered holders and number of Ableton Holdings Limited
shares held by each: 221,094,639 ordinary shares
BIL (UK) Limited
1 (one) ordinary share
Acceptances received from
shareholders 58,934,437 ordinary
shares
Change in the number of shares in which the 58,934,437
substantial shareholder is interested:
Relevant percentage of the issued class 12.19%
of security:
Total holding of the substantial shareholder 280,029,077
following this notification:
Total percentage holding of the substantial 57.93%
shareholder following this notification:
Name of contact and telephone number for Ian Cattermole
queries: 020 7895 2000
In its notifications to the Company, BIL indicated that the terms of engagement
between BIL (UK) and Capita IRG Plc, in its capacity as receiving and escrow
agent for the purposes of the Offer, may constitute an agreement for the
purposes of section 204 of the Companies Act 1985 in relation to shares which
are the subject of acceptances of the Offer.
Submitted by Ian Cattermole, Company Secretary on behalf of Thistle Hotels Plc
Issued by:
Nick Denton, Hogarth Partnership Limited
Tel: 020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange
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