Offer Document Posted
Persimmon PLC
16 December 2005
Not for release, publication or distribution, in whole or part, in, into or from
the United States, Canada, Australia or Japan.
FOR IMMEDIATE RELEASE 16 December 2005
RECOMMENDED CASH OFFER
by
CITIGROUP GLOBAL MARKETS LIMITED ('citigroup')
on behalf of
PERSIMMON PLC ('PERSIMMON')
for
WESTBURY PLC ('WESTBURY')
Posting of Offer Documentation
Further to the announcement made on 24 November 2005 of a recommended cash offer
by Citigroup on behalf of Persimmon for Westbury (the 'Offer'), Persimmon
announces that the document containing the full terms and conditions of the
Offer (the 'Offer Document') has been posted to Westbury Shareholders today,
together with the Form of Acceptance.
If you hold Westbury Shares in certificated form, to accept the Offer, you
should complete, sign and return the Form of Acceptance as soon as possible and,
in any event, so as to be received by Computershare Investor Services PLC by no
later than 3.00 p.m. (London time) on 6 January 2006.
Acceptances in respect of uncertificated Westbury Shares should be made
electronically through CREST so that the TTE Instruction settles by no later
than 3.00 p.m. (London time) on 6 January 2006. If you hold Westbury Shares as
a CREST sponsored member, you should refer to your CREST sponsor as only your
CREST sponsor will be able to send the necessary TTE Instruction to CRESTCo.
Persimmon PLC Tel: 01904 642 199
Mike Killoran (Group Finance Director)
Neil Francis (Group Company Secretary)
Citigroup Global Markets Limited Tel: 020 7986 4000
Philip Robert-Tissot
Dimitrios Georgiou
Nigel Mills (Corporate Broking)
Andrew Forrester (Corporate Broking)
Finsbury Group Tel: 020 7251 3801
Edward Orlebar
Faeth Birch
Citigroup Global Markets Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
Persimmon and no one else in connection with the Offer and will not be
responsible to any other person for providing the protections afforded to
clients of Citigroup Global Markets Limited or for providing advice in relation
to the Offer.
This announcement does not constitute an offer to sell or the solicitation of an
offer to purchase or subscribe for any securities or an invitation to purchase,
pursuant to the Offer or otherwise. Any acceptance or other response to the
Offer should be made only on the basis of information referred to in the Offer
Document.
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore the persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves of, and observe, any applicable restrictions.
The Offer is not being and will not be made, directly or indirectly, in or into,
or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile or electronic transmission, telex, internet or
telephone) of interstate or foreign commerce of, or any facility of a national,
state or other securities exchange of, the United States, Canada, Australia or
Japan and the Offer will not be capable of acceptance by any such use, means,
instrumentality or facility from or within the United States, Canada, Australia
or Japan. Accordingly, copies of this announcement and all formal documentation
relating to the Offer are not being, and must not be, mailed or otherwise
forwarded, distributed or sent in, into or from the United States, Canada,
Australia or Japan. Persons receiving such documents (including, without
limitation, nominees, trustees and custodians) should observe these restrictions
and must not mail or otherwise forward, distribute or send such documents in,
into or from the United States, Canada, Australia or Japan. Doing so may
invalidate any related purported acceptance of the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange