Offer Talks Terminated

RNS Number : 6708F

Creston PLC

13 October 2008

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
13 October 2008
FOR IMMEDIATE RELEASE
Creston plc
Termination of discussions

The Board of Creston plc ("Creston" or the "Company") announced on 15 September 2008 that the Company was in discussions regarding a possible offer for the Company with a private equity firm.  These discussions have now ceased.

The Company is not in discussions with any other party regarding a potential offer for the Company.  Accordingly, the Company is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers.

Creston is due to report its interim results for the period to 30 September ("Interims") on 27 November 2008 and, similar to its Quarter 1 interim management statement, will announce the continuation of a solid underlying performance.  New business activity continues to be positive and will be disclosed with an outlook statement in the Interims.

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Rothschild is acting as financial adviser to Creston and no one else in connection with this announcement and will not be responsible to anyone other than Creston for providing the protections afforded to clients of Rothschild or for providing advice in relation to the contents of this announcement, or for any other transaction, arrangement or matters referred to in this announcement.

Investec is acting as corporate broker to Creston and no one else in connection with this announcement and will not be responsible to anyone other than Creston for providing the protections afforded to clients of Investec or for providing advice in relation to the contents of this announcement, or for any other transaction, arrangement or matters referred to in this announcement.

 

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