Offer Update
30 9월 2009 - 3:01PM
UK Regulatory
TIDMDLD
RNS Number : 9131Z
Black Sea Global Properties Limited
30 September 2009
Not for release, publication or distribution in or into the United States of
America, Canada, Australia, the Republic of South Africa or Japan or any other
jurisdiction where to do the same would constitute a violation of the relevant
laws of such jurisdiction
30 September 2009
INCREASED AND RECOMMENDED MANDATORY CASH OFFER
by
BLACK SEA GLOBAL PROPERTIES LIMITED
for
DEUTSCHE LAND PLC
INCREASED OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS
On 9 September 2009, the board of Black Sea Global Properties Limited ("BSGP")
announced, in accordance with its obligations under Rule 9 of the City Code, the
terms of a mandatory cash offer at 12 pence per share for the entire issued and
to be issued ordinary share capital of Deutsche Land plc ("Deutsche Land") not
already owned or otherwise contracted to be acquired by BSGP or any of its
associates (the "Offer"). The offer document relating to the Offer was posted to
Deutsche Land Shareholders on 16 September 2009.
On 25 September 2009, the boards of BSGP and Deutsche Land announced the terms
of an increased and recommended cash offer (the "Increased Offer") at 13 pence
per Deutsche Land Share.
Summary
* On 29 September 2009, BSGP acquired 79,346,887 Deutsche Land Shares at a price
of 13 pence per Deutsche Land Share, representing approximately 23.86 per cent.
of the existing issued ordinary share capital of Deutsche Land. As a result,
BSGP now owns 186,214,696 Deutsche Land Shares, representing approximately 56.00
per cent. of the existing issued ordinary share capital of Deutsche Land.
* As at 3.00 p.m. on 29 September 2009, valid acceptances had been received in
respect of 111,500 Deutsche Land Shares, representing approximately 0.03 per
cent. of the existing issued ordinary share capital of Deutsche Land.
* Accordingly, BSGP either owns or has received valid acceptances in respect of a
total of 186,326,196 Deutsche Land Shares, representing approximately 56.04 per
cent. of the existing issued ordinary share capital of Deutsche Land, all of
which may be counted towards satisfaction of the acceptance condition to the
Increased Offer.
* The Increased Offer has now become unconditional as to acceptances and
unconditional in all respects.
Acquisition of Deutsche Land Shares
Of the 79,346,887 Deutsche Land Shares acquired on 29 September 2009, 59,846,887
Deutsche Land Shares, representing approximately 18.00 per cent. of the existing
issued ordinary share capital of Deutsche Land, were acquired from Weiss Capital
LLC, S. W. Mitchell Capital LLP and Karoo Investment Fund S.C.A. SICAV-SIF.
59,696,887 of such Deutsche Land Shares were previously the subject of
irrevocable commitments from such Deutsche Land Shareholders to accept the
Increased Offer.
The remaining 19,500,000 Deutsche Land Shares, representing approximately 5.86
per cent. of the existing issued ordinary share capital of Deutsche Land, were
acquired from York Investment Master Fund, L.P., York European Opportunities
Master Fund, L.P. and Permal York Limited and were previously the subject of an
undertaking from such Deutsche Land Shareholders to use their reasonable best
efforts to accept or procure acceptance of the Increased Offer.
Outstanding Irrevocable Commitments
BSGP has outstanding irrevocable commitments to accept or procure acceptance of
the Increased Offer from Deutsche Land Shareholders holding, in aggregate,
18,739,902 Deutsche Land Shares representing approximately 5.64 per cent. of the
existing issued ordinary share capital of Deutsche Land.
Details of such irrevocable commitments are as follows:
+--------------------------------------+-----------------+----------------+
| Name of owner or controller | Number of | Percentage of |
| | relevant | existing |
| | Deutsche Land | issued |
| | securities | Deutsche |
| | | Land |
| | | Shares |
| | | (approx) |
+--------------------------------------+-----------------+----------------+
| David Maxwell | 17,842,880 | 5.37 |
+--------------------------------------+-----------------+----------------+
| Stephen Dickinson | 897,022 | 0.27 |
+--------------------------------------+-----------------+----------------+
| | | |
+--------------------------------------+-----------------+----------------+
| | | |
+--------------------------------------+-----------------+----------------+
The irrevocable commitments to accept the Increased Offer continue to be binding
in the event of a higher offer being made for Deutsche Land. The irrevocable
commitment is conditional on the posting of the Increased Offer Document on or
before 5 October 2009.
General
The Increased Offer Document will be despatched to Deutsche Land Shareholders by
BSGP as soon as practicable.
Terms used but not defined in this announcement shall have the meaning given to
them in the announcement of the Original Offer by the board of BSGP on 9
September 2009 or in the Original Offer Document.
A copy of this announcement has been published on BSGP's website. The
announcement can be viewed at www.bsgproperties.com.
Enquiries
+----------------------------------------------+----+----------------------+
| Lazard & Co., Limited (Financial Adviser to | | +44 (0) 20 7187 2000 |
| BSGP) | | |
| Patrick Long | | |
| Michael Bressler | | |
+----------------------------------------------+----+----------------------+
| Oriel Securities Limited (Broker to BSGP) | | +44 (0) 20 7710 7600 |
| Tom Durie | | |
| Sapna Shah | | |
+----------------------------------------------+----+----------------------+
| Financial Dynamics (PR Adviser to BSGP) | | +44 (0) 20 7831 3113 |
| Richard Sunderland | | |
| Stephanie Highett | | |
| Rachel Drysdale | | |
+----------------------------------------------+----+----------------------+
Lazard & Co., Limited ("Lazard"), which is regulated by the Financial Services
Authority, is acting for BSGP in connection with the Increased Offer and no-one
else and will not be responsible to anyone other than BSGP for providing the
protections afforded to customers of Lazard or for providing advice in relation
to the Increased Offer.
Oriel Securities Limited ("Oriel"), which is regulated by the Financial Services
Authority, is acting for BSGP in connection with the Increased Offer and no-one
else and will not be responsible to anyone other than BSGP for providing the
protections afforded to customers of Oriel or for providing advice in relation
to the Increased Offer.
Overseas territories
The Increased 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, internet, email, telex or telephone) of
interstate or foreign commerce of, or any facility of a national state or other
securities exchange of, the United States, Canada, Australia, the Republic of
South Africa or Japan and subject to certain exceptions cannot be accepted by
any such use, means, instrumentality or facility or from within those
territories. Accordingly, copies of this announcement and any related offer
documentation are not being, and must not be, mailed or otherwise distributed or
sent in or into the United States, Canada, Australia, the Republic of South
Africa or Japan and so doing may invalidate a purported acceptance of the
Increased Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPLLMMTMMATTLL
Deutsche Land (LSE:DLD)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Deutsche Land (LSE:DLD)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024
