Greencore Group PLC
12 December 2000
Not for release, publication or distribution in or into
Canada, Australia or Japan
Greencore Group plc ('Greencore') recommended cash offer
('the Offer') for Hazlewood Foods plc ('Hazlewood')
Greencore announces that the Offer for Hazlewood, as set
out in the Offer Document dated 21 November 2000, will be
extended and remain open until 3.00p.m. on Tuesday, 2
January 2001.
Prior to the commencement of the offer period, neither
Greencore nor the Offeror owned any Hazlewood Shares.
Since the announcement of the Offer, the Offeror has
acquired 46,000,000 Hazlewood Shares, representing
approximately 20.1 per cent. of the issued ordinary share
capital of Hazlewood.
As at 3.00 p.m. on 12 December 2000, the first closing
date of the Offer, valid acceptances of the Offer had
been received in respect of 140,523,342 Hazlewood Shares,
representing 61.6 per cent. of the issued ordinary share
capital of Hazlewood. Included in the total acceptances
referred to above are valid acceptances in respect of
65,005,182 Hazlewood Shares from the directors and
certain other shareholders who have given irrevocable
undertakings to accept the Offer.
Accordingly, as at 3.00 p.m. on 12 December 2000, the
Offeror owned or had received valid acceptances in
respect of 186,523,342 Hazlewood Shares, representing
approximately 81.7 per cent. of the issued ordinary share
capital of Hazlewood.
Save as disclosed above, neither Greencore nor any
persons deemed to be acting in concert with Greencore
(excluding exempt market makers and exempt fund managers)
owns or is interested in, directly or indirectly, any
Hazlewood Shares. The above figures do not yet include
5,910,300 Hazlewood Shares which are subject to an
irrevocable undertaking described in the Offer Document
but in respect of which a valid acceptance has not been
received by the Offeror prior to the first closing date.
Terms used in this announcement have the same meaning as
in the Offer Document dated 21 November 2000.
Enquiries:
Greencore +353 1 605 1000
David Dilger
Kevin O'Sullivan
Ben Power
Schroder Salomon Smith Barney +44 20 7986 4000
Peter Smart
Mark Todd
Financial Dynamics +44 20 7831 3113
Tom Baldock
Drury Communications +353 1 260 5000
Trish Morrissey
Salomon Brothers International Limited, trading as
Schroder Salomon Smith Barney ('Schroder Salomon Smith
Barney'), which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting for
Greencore and the Offeror and no one else in connection
with the Offer for Hazlewood, and will not be responsible
for anyone other than Greencore and the Offeror for
providing the protections afforded to customers of
Schroder Salomon Smith Barney or for providing advice to
any other person in relation to the Offer.
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