De-Listing of Heiton Group
Grafton Group PLC
02 February 2005
Grafton Group PLC
2 February 2005
Not for release, publication or distribution, in whole or in part, in, into or
from Australia, Canada, Japan, South Africa or the United States.
Recommended Offers by AIB Corporate Finance on behalf of Grafton Group Holdings
Limited (a wholly-owned subsidiary of Grafton Group plc) for Heiton Group plc
De-listing of Heiton Shares
The board of Grafton Group Holdings announced, on 7 January 2005, that all of
the conditions of the Offers made by AIB Corporate Finance on behalf of Grafton
Group Holdings were either satisfied or waived and the Offers had been declared
unconditional in all respects.
Grafton Group Holdings announces the cancellation of trading in Heiton Ordinary
Shares on the Irish Stock Exchange and London Stock Exchange at close of
business on 4 February 2005. Grafton Group Holdings also announces the
cancellation of trading in Heiton Preference Shares on the Irish Stock Exchange
at close of business on 4 February 2005.
The Heiton Ordinary Shares and Heiton Preference Shares will de-list from the
Official Lists of the Irish Stock Exchange and the UK Listing Authority prior to
the commencement of trading on 7 February 2005.
On 14 January 2005, Grafton Group Holdings issued notices under Section 204 of
the Companies Act, 1963 to those Heiton Shareholders who had not already validly
accepted the Ordinary Share Offer, informing them that it intended to exercise
its rights to acquire compulsorily all of the Heiton Ordinary Shares outstanding
at the expiry of the requisite notice period.
Terms defined in the Offer Document dated 9 September 2004, have the same
meaning in this announcement. Grafton Group Holdings reserves all of its rights
under the Offers.
Enquiries:
AIB Corporate Finance:
Alan Doherty Telephone: +353 1 667 0233
Murray Consultants: Telephone: +353 1 498 0300
Joe Murray Mobile: +353 86 253 4950
AIB Corporate Finance, which is authorised by the Irish Financial Services
Regulatory Authority, is acting exclusively for Grafton and Grafton Group
Holdings and no one else in connection with the Offers and will not be
responsible to anyone other than Grafton or Grafton Group Holdings for giving
the protections afforded to clients of AIB Corporate Finance or for giving
advice in relation to the Offers or the contents of this announcement.
The Offers are not being made, directly or indirectly, in, into or from
Australia, Canada, Japan, South Africa, the United States or any other
jurisdiction where it would be unlawful to do so, or by use of the mails, or by
any means or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or any facility of a national
securities exchange of Australia, Canada, Japan, South Africa, the United States
or any other jurisdiction where it would be unlawful to do so and the Offers
will not be capable of acceptance by any such means, instrumentality or
facility, or from within Australia, Canada, Japan, South Africa, the United
States or any other jurisdiction where it would be unlawful to do so.
Accordingly, copies of the Offer Document, the Form(s) of Acceptance and any
related documents are not being and must not be mailed, or otherwise distributed
or sent in, into or from Australia, Canada, Japan, South Africa, the United
States or any other jurisdiction where it would be unlawful to do so and persons
receiving such documents (including, custodians, nominees and trustees) must not
distribute or send them in, into or from Australia, Canada, Japan, South Africa,
the United States or any other jurisdiction where it would be unlawful to do so,
as doing so may render invalid any purported acceptance of the Offers.
Notwithstanding the foregoing restrictions, Grafton Group Holdings reserves the
right to permit the Offer(s) to be accepted, if in its sole discretion, it is
satisfied that the transaction in question is exempt from or not subject to the
legislation or regulation giving rise to the restrictions in question.
The directors of Grafton and Grafton Group Holdings accept responsibility for
the information contained in this announcement. To the best of the knowledge and
belief of the directors of Grafton and Grafton Group Holdings (who have taken
all reasonable care to ensure that such is the case), the information contained
in this announcement for which they accept responsibility is in accordance with
the facts and does not omit anything likely to affect the import of such
information.
END
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