Huveaux PLC
18 August 2005
Not for release, publication or distribution in or into the United States,
Australia, Canada, Japan or any other jurisdiction if to do so would constitute
a violation of the relevant laws of such jurisdiction
For immediate release 19 August 2005
Epic Group plc ('Epic')
Offer update
The board of Huveaux announces that by 3.00 p.m. (U.K. time) on 18 August 2005,
the first closing date of the Offer, valid acceptances of the Offer had been
received in respect of a total of 18,866,747 Epic Shares, representing
approximately 78.17 per cent. of the existing issued share capital of Epic as at
3.00 p.m. (U.K. time) on 18 August 2005.
This total includes acceptances in respect of 12,399,243 Epic Shares,
representing approximately 51.37 per cent. of the existing issued share capital
of Epic as at 3.00 p.m. (U.K. time) on 18 August 2005, pursuant to the
irrevocable undertakings and the letter of intent to accept the Offer from the
Directors of Epic and certain other Epic Shareholders.
In accordance with the terms and conditions of the Offer, the Board of Huveaux
announces that all outstanding conditions of the Offer have either been
satisfied or waived save for the condition relating to the admission of up to
32,563,191 New Huveaux Shares to AIM, a market operated by the London Stock
Exchange, becoming effective ('Admission'). Accordingly, the Offer is declared
unconditional in all respects subject only to such Admission, which is expected
to become effective on 22 August 2005. The Offer will be open for acceptance
until further notice but the Mix and Match Facility is no longer available for
acceptances.
Huveaux intends to procure that Epic applies to the London Stock Exchange for
the trading of Epic Shares on AIM to be cancelled. It is anticipated that such
cancellation will take effect no earlier than 20 September 2005, being 20
business days after the Offer is expected to be declared unconditional in all
respects.
To the extent they have not already done so, Epic Shareholders who hold their
Epic Shares in certificated form and who wish to accept the Offer should
complete, sign and return their Forms of Acceptance as soon as possible in
accordance with the instructions set out in the Offer Document and in the Form
of Acceptance.
Epic Shareholders who hold their Epic Shares in uncertificated form and who wish
to accept the Offer should send to CRESTCo a TTE Instruction in relation to such
shares as soon as possible. The procedure for acceptance of the Offer is set out
in paragraph 15 of Part II of the Offer Document.
Save as disclosed in this announcement, neither Huveaux, nor any persons acting,
or deemed to be acting, in concert with Huveaux held any Epic Shares (or rights
over Epic Shares) or has acquired or agreed to acquire any Epic Shares (or
rights over Epic Shares) during the Offer Period.
Words and expressions defined in the Offer Document dated 28 July 2005 shall
have the same meaning when used in this announcement. Copies of the documents
posted to Epic Shareholders on 28 July 2005 are available for inspection at the
Document Viewing Facility of the UK Listing Authority at The Financial Services
Authority, 25 The North Colonnade, London E14 5HS.
Enquiries
Huveaux 020 7245 0270
John van Kuffeler, Executive Chairman
Dresdner Kleinwort Wasserstein (Financial advisor to Huveaux)
020 7623 8000
Joe Thompson
Finsbury (Public Relations advisor to Huveaux) 020 7251 3801
James Leviton
Katie Lang
Don Hunter
Dresdner Kleinwort Wasserstein, which is authorised and regulated by the
Financial Services Authority, is acting for Huveaux and for no-one else in
connection with the Offer and will not be responsible to anyone other than
Huveaux for providing the protections afforded to customers of Dresdner
Kleinwort Wasserstein, or for providing advice in relation to the Offer or any
matters referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
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