Tribal Group PLC
18 July 2003
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
18 July 2003
Recommended offer
by
Dresdner Kleinwort Wasserstein
on behalf of
Tribal Group plc
for
HACAS Group PLC
Offer declared Unconditional Save For Listing of Tribal Shares
The board of Tribal Group plc ('Tribal' or the 'Company') announces that
following the EGM of the Company earlier today, at which the resolution to
approve the Acquisition was passed, the Offer has been declared unconditional as
to acceptances and in all other respects save for the listing of the New Tribal
Shares. It is expected that the Admission of the New Tribal Shares will take
place on Monday 21 July at which time the Offer will become wholly
unconditional.
By 3.00pm on 17 July 2003, valid acceptances of the Offer had been received in
respect of a total of 29,415,834 HACAS Group plc ('HACAS') Shares representing
approximately 92.7 per cent. of the HACAS Shares to which the Offer relates.
This total includes acceptances in respect of 20,587,123 HACAS Shares
representing approximately 67.0 per cent. of HACAS existing issued share capital
pursuant to the irrevocable undertakings to accept the Offer from certain of the
HACAS Directors.
The Company will close the Mix and Match Facility at 11.59 pm on the date on
which the Offer becomes unconditional in all respects.
The Offer will remain open for acceptance until further notice subject to the
terms set out in the Offer Document and the Form of Acceptance.
Save as disclosed in this announcement, neither Tribal, nor any persons acting,
or deemed to be acting, in concert with Tribal held any HACAS Shares (or rights
over HACAS Shares) prior to the Offer Period and neither Tribal nor any persons
acting, or deemed to be acting, in concert with Tribal have acquired or agreed
to acquire any HACAS Shares (or rights over HACAS Shares) since the commencement
of the Offer Period.
Forms of Acceptance not yet returned should be completed and returned in
accordance with the instructions set out on the Form of Acceptance and in the
Offer Document, so as to be received as soon as possible.
The words and expressions defined in the Offer Document dated 26 June 2003 shall
apply for the purposes of this announcement.
Enquiries:
Tribal Group plc 01285 886020
Henry Pitman
Simon Lawton
HACAS Group PLC 020 7609 9491
Julian Ashby
Derek Joseph
The Offer is not being made and will not be made, directly or indirectly, in or
into, or by the use of mails or any means or instrumentality (including, without
limitation, telephonically or electronically) of interstate or foreign commerce
of, or any facility of a national 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 facilities from within the United
States, Canada, Australia or Japan.
Dresdner Kleinwort Wasserstein, which is authorised and regulated by the
Financial Services Authority, is acting for Tribal and for no-one else in
connection with the Offer and will not be responsible to anyone other than
Tribal for providing the protections afforded to customers of Dresdner Kleinwort
Wasserstein, or for affording advice in relation to the contents of this
announcement or any matters referred to herein.
END
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