London Security PLC
22 June 2005
London Security PLC
23 June 2005
Result of Tender Offer
The Board of London Security announces that valid tenders pursuant to the Tender
Offer made by Brewin Dolphin, which closed at 5.00 p.m. on 21 June 2005, were
received for 2,155,203 Ordinary Shares from 229 shareholders.
The Company also announces that the Capital Reduction, which was approved by
Shareholders at the EGM on 31 May 2005, yesterday received confirmation by the
High Court. In order to allow London Security to complete the acquisition of
shares from Brewin Dolphin interim accounts of London Security plc for the
period from 1 January 2005 to 24 June 2005 have been prepared and will be
delivered to the registrar of companies on 30 June 2005.
The repurchase of the tendered Ordinary Shares will be effected by Brewin
Dolphin on 1 July 2005. London Security will subsequently acquire for
cancellation from Brewin Dolphin, at the Tender Price of 1375 pence, all the
Ordinary Shares purchased by Brewin Dolphin under the Tender Offer.
The consideration for the Tender Offer is expected to be despatched on or around
4 July 2005 to those Shareholders who have successfully tendered Ordinary Shares
under the Tender Offer, whether in certificated or uncertificated form.
As a result of the Ordinary Shares being repurchased for cancellation and the
Capital Reduction being confirmed by the High Court the issued share capital of
the Company is now 12,323,198 Ordinary Shares of 1p each.
Definitions used in this announcement have the same meanings given in the
circular sent to Shareholders dated 5 May 2005 setting out the formal terms and
conditions of the Tender Offer.
ENQUIRIES
London Security
Richard Pollard, Company Secretary 01422 314 202
Brewin Dolphin Securities
Andrew Kitchingman, Director - Corporate Finance 0113 2410130
This information is provided by RNS
The company news service from the London Stock Exchange
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