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Name | Symbol | Market | Type |
---|---|---|---|
Wt Batterymetal | LSE:WATT | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.01 | 16.84 | 16.955 | 0 | 12:16:49 |
RNS 0560j WATTS BLAKE BEARNE AND COMPANY PLC 15th March 1999 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA OR JAPAN S.C.R. - SIBELCO S.A. ---------------------- UNCONDITIONAL RECOMMENDED CASH OFFERS FOR WATTS, BLAKE, BEARNE AND COMPANY, P.L.C ---------------------------------------------------------------------- ---------- LEVEL OF ACCEPTANCES AND EXTENSION OF OFFER PERIOD -------------------------------------------------- In relation to the unconditional recommended cash offers (the 'Offers') by S.C.R. - Sibelco S.A. ('Sibelco') for Watts, Blake, Bearne and Company P.L.C. ('Watts Blake Bearne') Sibelco announces that:- Ordinary Offer -------------- By 3.00 p.m. on Friday, 12 March, 1999, the first closing date of the Ordinary Offer, valid acceptances of the Ordinary Offer had been received by Sibelco in respect of a total of 8,777,707 Ordinary Shares, representing approximately 41.5 per cent. of Watts Blake Bearne's issued ordinary share capital. These acceptances include valid acceptances from the Independent Directors of Watts Blake Bearne and certain other persons, entities and institutional shareholders, in accordance with the irrevocable undertakings to accept the Ordinary Offer given by them, in respect of an aggregate of 5,384,435 Ordinary Shares, representing approximately 25.5 per cent. of Watts Blake Bearne's issued ordinary share capital. Prior to commencement of the offer period on 18 January, 1999, Sibelco was beneficially interested in 11,386,824 Ordinary Shares, representing approximately 53.9 per cent. of the issued ordinary share capital of Watts Blake Bearne. Since the commencement of the offer period Sibelco has acquired a further 6,500 Ordinary Shares, representing approximately 0.03 per cent. of Watts Blake Bearne's issued ordinary share capital. Accordingly, Sibelco now owns or has received acceptances of the Ordinary Offer in respect of a total of 20,171,031 Ordinary Shares, representing approximately 95.4 per cent. of Watts Blake Bearne's issued ordinary share capital. Preference Offer ---------------- By 3.00 p.m. on Friday, 12 March, 1999, the first closing date of the Preference Offer, valid acceptances of the Preference Offer had been received by Sibelco in respect of a total of 135,774 Preference Shares, representing approximately 92.9 per cent. of Watts Blake Bearne's issued preference share capital. These acceptances include valid acceptances from the Independent Directors of Watts Blake Bearne and certain other persons, entities and institutional shareholders, in accordance with the irrevocable undertakings to accept the Preference Offer given by them, in respect of an aggregate of 109,389 Preference Shares, representing approximately 74.9 per cent. of Watts Blake Bearne's issued preference share capital. Save as disclosed above and in the Offer Document, neither Sibelco, nor any persons acting or deemed to be acting in concert with Sibelco, held any Watts Blake Bearne Shares (or rights over such shares) on 15 January, 1999, the last dealing day prior to the commencement of the offer period, nor have any such persons acquired or agreed to acquire any Watts Blake Bearne Shares (or rights over such shares) during the offer period other than by way of acceptance of the Offers and no acceptances of the Offers have been received from any person acting or deemed to be acting in concert with Sibelco. Both of the Offers have been extended and will remain open until 3.00 p.m. on Friday, 26 March, 1999. Watts Blake Bearne Shareholders who wish to accept either of the Offers but have not yet done so should return their completed Forms of Acceptance as soon as possible. The attention of holders of Ordinary Shares is drawn to the fact that, after the Ordinary Offer closes, there is likely to be no market facility for Ordinary Shares and the value of their Ordinary Shares may be affected in consequence. Unless the context requires otherwise, the definitions contained in the Offer Document dated 19 February, 1999, also apply in this announcement. Enquiries --------- Lazard Brothers & Co., Limited Tel: 0171 588 2721 John Dear Etienne Bottari The Offers are not being made, directly or indirectly, in or into the United States, Canada or Japan. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise distributed or sent in or into the United States, Canada or Japan. Lazard Brothers, which is regulated in the United Kingdom by the Securities and Futures Authority Limited, is acting for Sibelco and for no one else in connection with the Offers and will not be responsible to anyone other than Sibelco for providing the protections afforded to customers of Lazard Brothers or for providing advice in relation to the Offers. END OFFALLFTVTIFLAA
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