RNS Number : 1204H
  Redhall Group PLC
  31 October 2008
   

                         REDHALL GROUP PLC ("REDHALL")
                     RECOMMENDED CASH OFFER (THE "OFFER") 
                    FOR CHIEFTAIN GROUP PLC ("CHIEFTAIN") 


                    ADMISSION OF NEW REDHALL SHARES ON AIM,
                      OFFER UNCONDITIONAL IN ALL RESPECTS
                                      AND
                  CANCELLATION OF TRADING IN CHIEFTAIN SHARES

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION IF
      TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
                                 JURISDICTION

 Admission


 Redhall is pleased to announce the Admission of 8,163,266 New Redhall Shares
 to the AIM Market of the London Stock Exchange plc and the commencement of
 unconditional dealings in those shares today. The New Redhall Shares have
 been placed with institutional investors by Altium at a price of 245 pence
 per share. Based on the placing price, the gross proceeds are approximately
 �20 million.


 Offer unconditional in all respects


 On 24 October 2008, Redhall announced that the Offer had been declared
 unconditional in all respects (save Admission). Further to that announcement,
 and as a result of Admission becoming effective, the Offer has become
 unconditional in all respects. The Offer will remain open for acceptance
 until further notice.


 Settlement of consideration


 Settlement of the consideration due under the Offer will be dispatched (or,
 in respect of Chieftain Shares held in uncertificated form, credited through
 CREST) in respect of Chieftain Shares for which acceptances of the Offer,
 valid i

 Procedure for acceptance


 Chieftain Shareholders who hold their Chieftain Shares in certificated form
 (that is, not in CREST) and have not yet accepted the Offer are urged to
 complete, sign and return the Form of Acceptance (along with their share
 certificate(s) and/or any other appropriate document(s) of title) by post or
 by hand (during normal business hours only) to Capita Registrars, Corporate
 Actions Department, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
 The procedure for acceptance is set out in paragraph 17 of Part II of the
 Offer Document.


 In respect of Chieftain Shareholders who hold their Chieftain Shares in
 CREST, acceptance should be made electronically and such shareholders are
 urged to ensure that the TTE Instruction settles as soon as possible. Such
 Chieftain Shareholders should follow the procedures set out in paragraph
 17(b) of Part II of the offer document dated 30 September 2008 (the "Offer
 Document"). If you are a CREST sponsored member, you should refer to your
 CREST s

 Responsibilities


 This announcement should be read in conjunction with the Offer Document.
 Terms used in this announcement shall have the meanings given to them in the
 Offer Document unless the context otherwise requires.

 Altium Capital Limited ("Altium"), which is authorised and regulated in the
 United Kingdom by the Financial Services Authority, is acting exclusively for
 Redhall and for no-one else in connection with the Offer, the contents of
 this announcement or any other matter referred to herein. Altium is not
 advising any other person or treating any other person as its client in
 relation thereto and will not be responsible to anyone other than Redhall for
 providing the protections afforded to clients of Altium nor for providing
 advice to any other person in relation to the Offer, the contents of this
 announcement or any other matters referred to herein.

 This announcement is not intended to and does not constitute, or form any
 part of, an offer or an invitation to purchase or sell any securities or the
 solicitation of an offer to purchase any securities in any jurisdiction
 pursuant to the Offer or otherwise.  The Offer is made solely through the
 Offer Document and, in the case of certificated Chieftain Shares, the Form of
 Acceptance, which together contain the full terms and conditions of the
 Offer, including details of how to accept the Offer.  Any acceptance or other
 response to the Offer should be made only on the basis of the information
 contained in the Offer Document and the Form of Acceptance.    


 The release, distribution or publication of this announcement in
 jurisdictions other than the UK may be restricted by law and therefore any
 persons who are subject to the laws of any jurisdiction other than the UK
 should inform themselves about and observe any applicable requirements. 


 Copies of this announcement and any documentation relating to the Of

 Enquiries:

 Redhall Group Plc
 David Jackson/Simon Foster                      01924 385 386

 Altium, Financial advisers to Redhall 
 Phil Adams/Simon Lord                           0161 831 9133

 Buchanan Communications                       
 Tim Anderson/Isabel Podda                       020 7466 5000


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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