Offer Update
06 2월 2003 - 1:00AM
UK Regulatory
RNS Number:1032H
Eurocity Properties PLC
05 February 2003
EMBARGOED FOR RELEASE AT 4.00 PM
5 February 2003
EUROCITY PROPERTIES plc
Recommended Offer by John East & Partners Limited
("John East & Partners")
on behalf of Panther Securities P.L.C. ("Panther") for
Eurocity Properties plc ("Eurocity")
Cancellation of Admission of Eurocity Shares and Eurocity Warrants
to trading on AIM
On 8th November 2002, the boards of Panther and Eurocity announced the terms of
a recommended offer to be made by Panther for the whole of the issued ordinary
share capital of Eurocity not already owned by Panther. The Offer Document was
posted on 26th November 2002 and on 18th December 2002 the Offer was declared
unconditional in all respects.
John East & Partners and Panther have today announced that Panther has become
entitled, and intends to exercise its rights, pursuant to Sections 428 to 430F
of the Act to acquire compulsorily the remaining Eurocity Shares.
Accordingly, the Board of Eurocity has given notice to the London Stock Exchange
of its intention to cancel the admission of Eurocity Shares and Eurocity
Warrants to trading on AIM and such cancellation will have effect on 6th March
2003.
Terms defined in the Offer Document dated 26th November 2002 have the same
meaning in this announcement, save where the context requires otherwise.
Enquiries to:
Andrew Perloff Tel: 020 7278 8011
Robert Lo/Keith Smith Tel: 020 7710 7400
Nabarro Wells & Co. Limited - Nominated Adviser
This information is provided by RNS
The company news service from the London Stock Exchange
END
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