Mears Group PLC
25 April 2007
Not for release, distribution or publication in whole or in part in, into or
from the United States, Canada, Australia, the Republic of South Africa, New
Zealand, the Republic of Ireland or Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of such jurisdiction.
Mears Group PLC ('Mears' or the 'Company')
Compulsory Acquisition of Shares in Careforce Group plc ('Careforce')
On 5 March 2007, the boards of Mears and Careforce announced that they had
reached agreement on the terms of a recommended offer to be made by Mears for
the entire issued and to be issued share capital of Careforce ('Offer').
The Offer was declared wholly unconditional on 4 April 2007 and Mears now owns,
or has received valid acceptances in respect of, more than 90 per cent. of the
Careforce Shares to which the Offer relates.
Accordingly, Mears has implemented the procedure set out in sections 420 to 430F
(inclusive) of the Companies Act 1985 to acquire compulsorily all of the
outstanding Careforce Shares which it has not already acquired, contracted to
acquire or in respect of which it has not already received valid acceptances.
Expressions used in this announcement, unless the context otherwise requires,
bear the same meaning as in the Offer Document.
END
Enquiries
Investec
Keith Anderson
Daniel Adams 020 7597 5970
Investec Investment Banking, a division of Investec Bank (UK) Limited, which is
authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting as financial adviser and broker to Mears and no one else in
connection with the Offer and will not be responsible to anyone other than Mears
for providing the protections afforded to clients of Investec nor for providing
advice in connection with the Offer or the contents of this announcement or any
matter referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
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