Holidaybreak Plc - Partial withdrawal of LOI

RNS Number : 9544M

Schroders PLC

24 August 2011

 



Letter of Intent: Offer by Prometheon Holdings (UK) Limited for Holidaybreak plc

On 26 July 2011, Schroder Investment Management Limited provided a Letter of Intent regarding our intentions in relation to 914,422 shares.

On 08^th,09^th, 17^th, 18^th 19^th and 22^nd August 2011, notifications were made in accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), advising that we had disposed of 898,613 shares, reducing the number of share that are subject to the letter of intent to 15,809.

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that, subject to clause 9 of the letter of intent, we  have disposed of 9,015 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares.

Our intention in respect of 6,794 shares, being the remainder, remains as described in our Letter of Intent.

Taryn O'Donoghue

Schroders Group Compliance

Tel:  [phone]

Fax: [phone]

e-mail: Taryn.O'[e-mail]

 

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