Persimmon PLC
6 February 2001
Not for release, publication or distribution in or into the
United States of America, Canada, Australia or Japan
Persimmon plc
Recommended Final* offer for Beazer Group Plc ('the Offer')
Persimmon announces that the offer document, together with listing
particulars, in relation to the Offer by ABN AMRO Corporate Finance Limited on
behalf of Persimmon for Beazer announced on 24 January 2001, was posted to
Beazer Shareholders yesterday. The Board of Beazer has unanimously
recommended Beazer Shareholders to accept the Offer. Forms of Acceptance
should be completed and returned as soon as possible, but in any event so as
to arrive no later than 3.00 p.m. on Friday 26 February 2001.
Also, Persimmon posted yesterday a circular, together with listing
particulars, to its own shareholders convening an Extraordinary General
Meeting for 11.30 a.m. on Wednesday 21 February 2001 to approve the
Acquisition.
The Directors of Persimmon unanimously recommend Persimmon Shareholders to
vote in favour of the Acquisition, as they and certain of their connected
persons intend to do in respect of 19,077,605 Persimmon Shares (representing
approximately 10.43 per cent. of the existing issued share capital of
Persimmon), and urge Persimmon Shareholders to sign and return the form at
proxy for use at that meeting and as soon as possible, but in any event so as
to be received no later than 11.30 a.m. on Monday 19 February 2001.
Press enquiries:
Persimmon John White, 01904 642 199
Group Chief Executive
ABN AMRO Corporate Finance Limited Martin Wright 020 7678 8000
Hoare Govett Ranald McGregor-Smith 020 7678 8000
Finsbury Ed Orlebar 020 7251 3801
*The offer is final and will not be revised or increased. However, Persimmon
reserves the right to amend, improve, revise, increase or change the terms of
the Offer in the event of a revised offer from Bryant Group plc or any other
competitive situation arising or otherwise with the consent of the Panel.
ABN AMRO Corporate Finance Limited, which is regulated in the United Kingdom
by The Securities and Futures Authority Limited, is acting for Persimmon and
no-one else in connection with the Offer and will not be responsible to anyone
other than Persimmon for providing the protections afforded to customers of
ABN AMRO Corporate Finance Limited or for giving advice in relation to the
Offer.
ABN AMRO Corporate Finance Limited has authorised the issue of this
announcement solely for the purposes of Section 57 of the Financial Service
Act 1986.
This announcement does not constitute an offer or an invitation to purchase
any securities.
*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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