Further re: Offer from Almorah


 

TIDMHMF 
 
RNS Number : 7127M 
Handmade PLC 
28 May 2010 
 

Further re: Mandatory Cash Offer and Convertible Loan Note Offer made by Almorah 
                                Services Limited 
 
The Board notes the announcement made by Almorah on 24 May regarding its 
mandatory offer (the "Mandatory Offer") to acquire all the issued share capital 
(the "Shares") of Handmade and its offer for all of the outstanding convertible 
loan notes in Handmade (the "CLNs") (the "CLN Offer")(together the "Offers"). 
 
As noted in the Company's announcement of 14 May 2010, the Independent Directors 
took into account in providing their opinion on the Offers that the financial 
position of Handmade (as determined by the financial review it had undertaken) 
was such that the Company could have gone into administration if the financial 
support of Almorah had been withdrawn and the fact that, despite a number of 
discussions that had been conducted, no other sources of finance had been 
secured by the Company and no competing offer for the Company had been 
forthcoming.  The Board notes the extension of the Offers to 4 June 2010 and 
Almorah's intention to seek a delisting of the Company's Shares from trading on 
AIM as soon as practicable. 
 
Also today the Board has received notification from Canaccord Genuity of its 
resignation as the Company's Nominated Adviser and Broker with immediate effect. 
 
 
Contact Details: 
 
HandMade PLC 
               Simon Flamank 
               Tel:         020 7518 8230 
 
Almorah Services Limited 
               Kirsten Morel 
               Tel:         01534 734444 
               Email:    Kirsten.morel@imageci.com 
 
London Bridge Capital Limited 
               Nick Donaldson 
               Tel:         0203 008 6802 
               Email:    nick.donaldson@londonbridgecapital.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPKKFDDFBKKCPB

Handmade (LSE:HMF)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024