Irrevocable Undertakings
Trinity Mirror PLC
30 September 2005
For immediate release
30 September 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA OR JAPAN
Trinity Mirror plc
Recommended Cash Offer for the hotgroup plc
Update on Irrevocable Undertakings
It was announced on 1 September 2005 that an undertaking to accept (or procure
the acceptance of) the Offer had been received from New Star Asset Management in
respect of 24,226,019 hotgroup Shares, representing 9.66% of the issued share
capital of hotgroup. Trinity Mirror has been informed by New Star Asset
Management that its holding of hotgroup Shares is 20,496,799 representing 8.17%
of the issued share capital of hotgroup, and that its irrevocable undertaking
should have been given in respect of this lower figure. New Star Asset
Management has confirmed that in all other respects its irrevocable undertaking
remains correct and legally binding.
On such revised basis, irrevocable undertakings to accept (or procure the
acceptance of) the Offer have been received in respect of an aggregate of
68,631,935 hotgroup Shares, representing approximately 27.36% of the Company's
issued share capital.
Enquiries:
UBS Investment Bank (financial adviser to Trinity Mirror)
Adam Joy +44 (0) 20 7567 8000
Jonathan Evans +44 (0) 20 7567 8000
UBS Investment Bank is acting exclusively for Trinity Mirror and for no one else
in relation to the Offer and will not be responsible to anyone other than
Trinity Mirror for providing the protections afforded to clients of UBS
Investment Bank or for giving advice in relation to the Offer or any other
matter referred to in this announcement.
The distribution of this announcement in jurisdictions other than the UK may be
restricted by law and therefore any persons who are subject to the laws of any
jurisdiction other than the UK should inform themselves about, and observe, any
applicable requirements. This announcement has been prepared for the purpose of
complying with English law and the City Code and the information disclosed may
not be the same as that which would have been disclosed if this announcement had
been prepared in accordance with the laws of jurisdictions outside the UK.
The Offer is not being made, and will not be made, directly or indirectly, in or
into, or by the use of the mails or by any means or instrumentality (including,
without limitation, telephonically or electronically) of interstate or foreign
commerce or by any facilities of a national securities exchange of, the United
States of America, Canada, Australia or Japan and the Offer will not be capable
of acceptance by any such use, means, instrumentality or facility or from within
those jurisdictions. Accordingly, copies of this announcement are not being, and
must not be, mailed, transmitted or otherwise forwarded, distributed or sent, in
whole or in part, in, into or from the United States of America, Canada,
Australia or Japan. Custodians, nominees and trustees should observe these
restrictions and should not send or distribute this announcement in, into or
from the United States of America, Canada, Australia or Japan.
This announcement does not constitute an offer to sell or the solicitation of an
offer to subscribe for or buy any securities, nor shall there be any sale,
issuance or transfer of the securities referred to in this announcement in any
jurisdiction in contravention of applicable law.
This information is provided by RNS
The company news service from the London Stock Exchange