Hill & Smith Hldgs PLC
24 November 2000
Hill & Smith Holdings PLC ('Hill & Smith') Recommended Offer for Ash & Lacy
plc ('Ash & Lacy')
Following the announcement on 16 November 2000, Hill & Smith is now in a
position to make arrangements for the compulsory acquisition of the
outstanding shares in Ash & Lacy which it does not already own (amounting to
1,785,062 Ash & Lacy shares representing approximately 4.88 per cent. of the
issued share capital of Ash & Lacy).
Accordingly, a notice under section 429 of the Companies Act 1985 has today
been sent to Ash & Lacy and non assenting Ash & Lacy shareholders informing
them that Hill & Smith intends to exercise its rights under that section to
acquire the shares in Ash & Lacy held by such shareholders.
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