Offer Update

RNS Number : 0738Z

Compagnie de Saint-Gobain

15 July 2008

 



THIS NOTICE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN, INTO OR FROM UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

15 July 2008

Recommended Cash Offer

for

Gibbs and Dandy plc

by

Saint-Gobain Building Distribution Limited

(a wholly-owned subsidiary of Compagnie de Saint-Gobain)

Compulsory acquisition of outstanding Gibbs and Dandy Shares

On 1 July 2008, Saint-Gobain Building Distribution Limited ('SGBD'), a wholly-owned subsidiary of Compagnie de Saint-Gobain ('Saint-Gobain'), announced that the recommended cash Offer to acquire Gibbs and Dandy plc ('Gibbs and Dandy') had been declared unconditional in all respects.

As at 1.00 p.m. on 19 June 2008 SGBD held, or had received valid acceptances in respect of over 90 per cent. in value and over 90 per cent. in voting rights of Gibbs and Dandy.

Consequently, SGBD has implemented the procedure under Chapter 3 of Part 28 of the Companies Act 2006 to acquire compulsorily  all of the outstanding Gibbs and Dandy Shares to which the Offer relates and which it does not already hold or has not already acquired, contracted to acquire or in respect of which it has not already received valid acceptances.

The Offer, as set out in the Offer Document, will remain open for acceptance until further notice.

Certain terms used in this announcement are defined in the Offer Document.

Enquiries:

Compagnie de Saint-Gobain

Investor Relations Department :

Mrs Florence Triou-Teixeira                           [phone]

Mr Alexandre Etuy                                          [phone]

Mr Vivien Dardel                                             [phone]

Media:

Sophie Chevallon                                           [phone]
Gleacher Shacklock                                       [phone]

Kieran Murphy

 

END

 

 

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