Macfarlane Group PLC
7 November 2000
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN
______________________________________________________________
MACFARLANE GROUP PLC ('MACFARLANE') CASH OFFER FOR BRITISH
POLYTHENE INDUSTRIES PLC ('BPI')
The board of Macfarlane announces that as at 3.00 p.m. on 7
November 2000, being the first closing date of the Offer,
valid acceptances of the Offer had been received from BPI
shareholders submitting 176 Forms of Acceptance in respect of
459,113 BPI shares, representing 1.24 per cent. of the issued
share capital of BPI subject to the Offer. Together with the
325,000 BPI shares acquired by Macfarlane before the Offer
Period, which represents 0.88 per cent. of the issued share
capital of BPI, Macfarlane now owns or has secured acceptances
over 784,113 BPI shares representing 2.12 per cent. of the
issued share capital of BPI.
The Offer has been extended until 3.00 p.m. on 28 November
2000. BPI shareholders who have not yet accepted the Offer
are urged to complete and return their Form of Acceptance as
soon as possible.
Other than as disclosed above, neither Macfarlane nor any
persons acting in concert with Macfarlane owned any BPI shares
(or rights over such shares) immediately prior to the
commencement of the Offer Period, nor have acquired or agreed
to acquire any BPI shares (or rights over such shares) during
the Offer Period.
Words and expressions defined in the Offer Document issued on
behalf of Macfarlane on 17 October 2000, have the same
meanings in this announcement, unless otherwise indicated.
Enquiries:
Macfarlane Group PLC
Iain Duffin 0141 333 9666
Noble Grossart Limited
Sir Angus Grossart 0131 226 7011
Todd Nugent
HSBC
John Hannaford 020 7336 9000
Beattie Media
Gordon Beattie 01698 787878
Bell Pottinger
Kate Power 020 7353 9203
Copies of the Offer Document, Form of Acceptance and the
document sent to BPI shareholders on 2 November 2000 are
available free of charge from Lloyds TSB Registrars, Antholin
House, 71 Queen Street, London EC4N 1SL (telephone 0870 600
2027).
The directors of Macfarlane (whose names are set out in
paragraph 2 of Part 7 of the Offer Document) accept
responsibility for the information contained in this
announcement and to the best of the knowledge and belief of
the directors of Macfarlane (who have 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.
Noble Grossart Limited, which is regulated in the UK by The
Securities and Futures Authority Limited, is acting
exclusively for Macfarlane and no one else in relation to the
Offer and will not be responsible to any person other than
Macfarlane for providing the protections afforded to customers
of Noble Grossart Limited or for giving advice in relation to
the Offer.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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