Share Purchases
Persimmon PLC
24 November 2005
Not for release, publication or distribution in whole or in part in, into or
from Australia, Canada, Japan or the United States
24 November 2005
RECOMMENDED CASH OFFER BY PERSIMMON PLC ('PERSIMMON')
FOR WESTBURY PLC ('WESTBURY')
MARKET PURCHASES AND DISCLOSURE OF HOLDINGS
Following the announcement earlier today of Persimmon's recommended cash offer
(the 'Offer') for the entire issued and to be issued share capital of Westbury,
Citigroup Global Markets Limited ('Citigroup') on behalf of Persimmon has today
acquired in the market a total of 30,000,000 Westbury shares, representing
approximately 26.1 per cent. of Westbury's issued share capital. The
consideration was 560 pence plus the previously declared interim dividend of
6.1525 pence, representing, in aggregate, a price of 566.1525 pence per Westbury
share.
Accordingly Persimmon, and parties deemed to be acting in concert with
Persimmon, between them own or control a total of 30,000,001 Westbury shares,
representing approximately 26.1 per cent. of Westbury's issued share capital.
The disclosure required under Rule 8.1 of the City Code on Takeovers and Mergers
will be made by 12 noon tomorrow.
ENQUIRIES:
Persimmon Tel: +44 (0) 1904 642 199
Mike Killoran (Group Finance Director)
Neil Francis (Group Company Secretary)
Citigroup Tel: +44 (0) 20 7986 4000
(Financial Adviser and Corporate Broker to Persimmon)
Philip Robert-Tissot
Dimitrios Georgiou
Nigel Mills (Corporate Broking)
Andrew Forrester (Corporate Broking)
Finsbury Tel: +44 (0) 20 7251 3801
(PR Adviser to Persimmon)
Edward Orlebar
Faeth Birch
Citigroup Global Markets Limited, which is authorised and regulated in the
United Kingdom by The Financial Services Authority, 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 clients of
Citigroup Global Markets Limited or for providing advice in relation to the
Offer.
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 will not be made, directly or indirectly, in or into, or by the use of
mails of, or by any means or instrumentality (including, without limitation,
facsimile transmission, internet, telex 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 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 other documents 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 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 response in relation to the Offer should
only be made on the basis of the information contained in the Offer Document.
This information is provided by RNS
The company news service from the London Stock Exchange