Brooks Service Group PLC
4 January 2001
4 JANUARY 2001
BRAVO INVESTMENTS PLC
RECOMMENDED CASH OFFER
FOR
BROOKS SERVICE GROUP Plc
Rickitt Mitchell & Partners Limited announces on behalf of Bravo Investments
PLC that in respect of its Offer dated 5 December 2000 as at 3.00 p.m. on 3
January 2001:
(i) valid acceptances had been received in respect of
7,536,932 Brooks Service Group Shares (representing approximately 57.7 per
cent. of the existing issued share capital of Brooks Service Group Plc);
(ii) the figure for acceptances in (i) above includes 2,029,921
Brooks Service Group Shares (representing approximately 15.5 per cent. of the
existing issued share capital of Brooks Service Group Plc) which were the
subject of irrevocable acceptances given by Brooks Service Group Plc
directors;
(iii) in addition, Bravo Investments PLC owns in aggregate
700,000 Brooks Service Group Shares (representing approximately 5.4 per cent.
of the existing issued share capital of Brooks Service Group Plc), which it
purchased following announcement of the Offer on 5 December 2000;
(iv) accordingly, Bravo Investments PLC controls 8,236,932 Brooks
Service Group Shares (representing approximately 63.0 per cent. of the
existing issued share capital of Brooks Service Group Plc);
(v) in addition to the above, conditional upon the Offer
becoming or being declared unconditional in all respects, Bravo Investments
PLC will acquire in aggregate 189,500 Brooks Service Group Shares
(representing approximately 1.5 per cent. of the existing issued share capital
of Brooks Service Group Plc) from the Management;
(vi) in addition to the above, Bravo Investments PLC contracted
to purchase a further 522,400 Brooks Service Group Shares (representing
approximately 4.0 per cent. of the existing issued share capital of Brooks
Service Group Plc) on 2 January 2001 for settlement on 16 January 2001; and
(vii) save as aforesaid, neither Bravo Investments PLC nor any
other person(s) acting in concert with Bravo Investments PLC has acquired or
agreed to acquire any Brooks Service Group Shares during the Offer period.
The Offer is hereby extended for acceptance until 18 January 2001.
On receipt of sufficient acceptances, Bravo Investments PLC intends to apply
the provisions of sections 428 to 430F of the Companies Act 1985 to acquire
compulsorily any outstanding Brooks Service Group to which the Offer relates.
Brooks Service Group Shareholders who wish to accept the Offer should do so
without delay.
Further information:
Rickitt Mitchell & Partners Limited 0161 834 0600
Roger Clement
Matthew Bryden-Smith
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