National Express Group PLC
15 November 2000
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN
15 November 2000
NATIONAL EXPRESS GROUP PLC ('NATIONAL EXPRESS')
RECOMMENDED OFFER FOR PRISM RAIL PLC
('PRISM RAIL')
Completion of compulsory acquisition procedure/Closing of the Offer
National Express announced on 22 September 2000 that it had commenced
compulsory acquisition procedures to acquire all those Prism Rail Shares in
respect of which valid acceptances had not been received in accordance with
the provisions of sections 428-430F of the Companies Act 1985.
These procedures have been completed and the Offer is now closed.
Terms defined in the Offer Document have the same meaning in this press
release unless the context requires otherwise.
Enquiries:
NATIONAL EXPRESS
William Rollason, Finance Director
Telephone: 020 7529 2000
MERRILL LYNCH
Mark Preston, Managing Director
Telephone: 020 7628 1000
FINANCIAL DYNAMICS
Steve Jacobs
Nicola Marsden
Telephone: 020 7831 3113
Merrill Lynch, which is regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting exclusively for National Express and no
one else in connection with the Offer and will not be responsible to anyone
other than National Express for providing the protections afforded to
customers of Merrill Lynch or for giving advice in relation to the Offer.
The Offer will not be made, directly or indirectly, in or into, by use of the
mails or any means of instrumentality (including, without limitation,
facsimile transmissions, telex or telephone) of interstate or foreign commerce
of, or any facilities of a securities exchange of, the United States nor is it
being made in or into Canada, Australia, or Japan and the Offer will not be
capable of acceptance by any such use, means, instrumentality or facilities or
from or within the United States, Canada, Australia or Japan. Accordingly,
copies of the press announcement are not being, and must not be, mailed or
otherwise distributed or sent in or into or from the United States, Canada,
Australia or Japan and persons receiving the press announcement (including
custodians, nominees and trustees) must not distribute or send it in, into or
from the United States, Canada, Australia or Japan.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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