Kingfisher PLC
07 August 2002
For Immediate Release
7 August 2002
Not for release, distribution or publication in whole or part into or in the
United States, Canada, Australia, Ireland, Japan or South Africa
KINGFISHER RECEIVES EU CLEARANCE
TO MAKE ITS OFFER FOR CASTORAMA MINORITIES
Kingfisher plc announces that on Tuesday 6th August 2002 the European Commission
cleared the proposed offer for the shares of Castorama Dubois Investissements
SCA not already owned by Kingfisher plc.
Kingfisher will proceed to make a formal offer to the minority shareholders of
Castorama in accordance with French takeover offer rules, which Kingfisher
expects to make later this month. Under Castorama's articles, the Kingfisher
Group will acquire a casting vote at meetings of the governing boards of
Castorama (Assemblee des Commandites and Conseil de Gerance) giving it effective
control from the time the French stock market regulator (Conseil des marches
financiers) approves this cash offer.
Further Enquiries:
Broker and Institutional Enquiries
Ian Harding, Director of Investor Relations +44 (0) 207 725 4889
Media Enquiries:
Andrew Mills, Director of Corporate Affairs +44 (0) 207 725 5776
Jonathan Miller, Head of Corporate Comms, UK +44 (0) 207 725 5713
France
Graham Fairbank, Head of Corporate Comms. +33 (0)1 43 18 52 26
The Maitland Consultancy
Angus Maitland
Duncan Campbell-Smith +44 (0) 207 379 5151
Euro RCSG C&O
Laurent Wormser +33 (0)1 41 34 40 70
Marie-Noelle Brouaux +33 (0)1 41 34 34 73
-ends-
This information is provided by RNS
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