PartlyUnconditnl /Acceptances
Artisan (UK) PLC
31 January 2000
Not for release, publication or distribution in or into the
USA, Canada, Australia or Japan.
Artisan (UK) plc
Recommended Offer for the Entire Issued Ordinary and 'A' Share
Capital of Investment in Heritage Group plc
Unconditional as to Acceptances for the Ordinary Share Offer
On 21 December 1999 Artisan made recommended offers for the
entire issued and to be issued ordinary and 'A' share capital
of Investment in Heritage Group plc ('IIH') ('the Offers')
Artisan announces that as at 3.00pm on 31 January 2000 valid
acceptances of the Ordinary Share Offer had been received in
respect of a total of 341,465 Ordinary Shares, representing
approximately 52.79 per cent. of the current issued ordinary
share capital of IIH. In addition there are irrevocable
undertakings to accept the Ordinary Share Offer outstanding in
respect of a further 10,002 Ordinary Shares. In total,
Artisan has received valid acceptances of or outstanding
irrevocable undertakings for the Ordinary Share Offer in
respect of 351,467 Ordinary Shares representing 54.34 per cent
of the total issued ordinary share capital of IIH.
Of the acceptances referred to in the second paragraph of this
announcement, Artisan has received an irrevocable undertaking
to accept the Ordinary Share Offer from Christopher Liddell, a
person acting or deemed to be acting in concert with Artisan
for the purposes of the Offers, in respect of 5,002 Ordinary
Shares.
As at close of business on 23 November 1999 (being the date
immediately prior to the commencement of the offer period),
Artisan neither owned nor controlled any Ordinary Shares or
'A' Shares in IIH (unchanged as at close of business on 31
January 2000).
The Offers, as contained in the Offer Document and in the
accompanying Forms of Acceptance, remain open until 1.00pm on
18 February 2000.
The expressions used in this announcement shall, unless the
context otherwise requires, bear the same respective meanings
as in the Offer Document posted by Artisan to IIH Shareholders
on 21 December 1999.
Enquiries:
Seymour Pierce Telephone: 0171 648 8700
Richard Feigen - Managing Director
Sarah Wharry
This announcement has been approved by Seymour Pierce Limited
('Seymour Pierce') for the purposes of Section 57 of the
Financial Services Act 1986.
Seymour Pierce which is regulated by The Securities and
Futures Authority Limited, is acting for Artisan and for no
one else in connection with the Offers, and Seymour Pierce
will not be responsible to anyone other than Artisan for
providing protections afforded to customers of Seymour Pierce
or for giving advice in relation to the Offers.
The Offers are not being and will not be made, directly or
indirectly, in or into, or by the use of the mails of, or by
any means or instrumentality (including, without limitation,
telephonically or electronically) of, interstate or foreign
commerce of, or of any facilities of a national securities
exchange of, the USA, or in or into Canada, Australia or Japan
and the Offers will not be capable of acceptance by any such
use, means, instrumentality or facilities or from within the
USA, Canada, Australia or Japan. Accordingly, copies of this
announcement are not being, and must not be, mailed or
otherwise distributed, forwarded, or sent in, into or from the
USA, Canada, Australia or Japan.
The Directors of Artisan accept responsibility for the
information contained in this announcement and, to the best of
their knowledge and belief (having taken all reasonable care
to ensure that such is the case), the information contained in
this announcement is in accordance with the facts and does not
omit anything likely to affect the import of such information.