Compass Group PLC
30 May 2001
FINAL RESULT OF COMPASS GROUP'S PUBLIC PURCHASE OFFER
FOR SELECTA GROUP
Compass Group PLC holds or has received valid acceptances in respect of
99.9 per cent. of Selecta Group shares
On 26 March 2001, Compass Group PLC ('Compass Group') published a public
purchase offer (the 'Offer') for all publicly held outstanding registered
shares in Selecta Group ('Selecta'). Compass Group offered CHF 540.- net per
registered share of Selecta with a nominal value of CHF 50.- each.
By expiry of the additional acceptance period on 29 May 2001, Compass Group
had received valid acceptances with regard to 1'597'149 Selecta shares
representing 95.9 per cent. of the shares to which the Offer extended. Taking
into account the Selecta shares which Compass Group held prior to the
publication of the Offer and the own shares held in treasury by Selecta,
Compass Group now holds, or has received valid acceptances in respect of,
Selecta shares representing approximately 99.9 per cent. of the capital and
voting rights of the company.
The Offer price will be paid on 1 June 2001 for Selecta shares notified for
acceptance during the additional acceptance period.
Schroder Salomon Smith Barney is acting as financial adviser to Compass Group.
UBS Warburg is acting as financial adviser to Compass Group in respect of the
Offer. Compass Group has also commissioned UBS AG for the technical handling
of the Offer.
For further information please contact:
Cathi Lawrence, Corporate Communications Director
Nick Lyon, Hudson Sandler
This announcement is issued by and is the responsibility of Compass Group the
contents having been approved solely for the purposes of section 57 of the
Financial Services Act 1986 by Salomon Brothers International Limited
(trading as Schroder Salomon Smith Barney).
Salomon Brothers International Limited (trading as Schroder Salomon Smith
Barney) is regulated in the United Kingdom by the Securities and Futures
Authority Limited. Salomon Smith Barney is a service mark of Salomon Smith
Barney Inc. Schroders is a trademark of Schroders Holdings PLC and is used
under licence.
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