Greencore Group PLC
10 November 2000
Greencore Group plc ('Greencore')
Recommended cash offer for Hazlewood Foods plc ('Hazlewood')
The Board of Greencore announces that it has received an additional
irrevocable undertaking to accept the Offer from a Hazlewood Shareholder in
respect of 5,910,300 Hazlewood Shares, representing approximately 2.6 per
cent. of the issued ordinary share capital of Hazlewood. This undertaking
ceases to be binding in the event of a third party offer of more than 125
pence per Hazlewood Share.
In total, Greencore has now received irrevocable undertakings to accept the
Offer in respect of 71,459,482 Hazlewood Shares, representing approximately
31.3 per cent. of the issued ordinary share capital of Hazlewood.
In addition Greencore has today purchased, in aggregate, 38,000,000 Hazlewood
Shares, representing approximately 16.6 per cent. of the issued ordinary
share capital of Hazlewood.
Terms used in this announcement have the same meaning as in the announcement
of the recommended cash offer for Hazlewood released by Greencore earlier
today.
Enquiries:
Greencore 00 353 1 605 1000
David Dilger
Kevin O'Sullivan
Schroder Salomon Smith Barney (financial adviser to Greencore) 020 7986 4000
Peter Smart
David James (Corporate Broking)
Financial Dynamics (PR advisers to Greencore) 020 7930 0777
Charles Watson
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, 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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