Confirmation of Termination of Offer Talks

RNS Number : 3376O

AssetCo PLC

15 September 2011

 



The Board of AssetCo plc ("the Company") notes the recent announcement by Arcapita Bank B.S.C.(c) concerning the withdrawal of its offer proposal. Accordingly, the Company can confirm that it is no longer in talks with any parties regarding a takeover situation under the City Code on Takeovers and Mergers ("the Code").

As a result, the Company will not be proposing Resolution 4 as set out in the circular sent to all shareholders of the Company, dated 9^th September 2011, at the general meeting to be held on 26^th September 2011 concerning Rule 21.1 of the Code on the basis that this resolution is now redundant.

Contacts:

Arden Partners plc

Richard Day: [phone]

Adrian Trimmings

Chris Thomas

Citigate Dewe Rogerson

Fiona Tooley: [phone]

 

END

 

 

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