Michelmersh Brick Holdings PLC
04 June 2007
For immediate release: 04 June 2007
Michelmersh Brick Holdings plc
('Michelmersh')
Statement regarding Possible Offer for Baggeridge Brick PLC
The Board of Michelmersh has noted the statement released earlier today by the
board of Baggeridge Brick PLC ('Baggeridge') regarding the recommended offer
for Baggeridge by Wienerberger Finance Service B.V. The Michelmersh Board
confirms that it continues to evaluate a possible offer for Baggeridge at a
price of not less than 225 pence for each Baggeridge ordinary share.
Michelmersh announced on 16 April 2007 that it had acquired 7.2 million
Baggeridge ordinary shares representing 17.43 per cent. of the issued ordinary
share capital of Baggeridge. On 21 May 2007 Michelmersh announced that it had
increased its shareholding to 23.12 per cent.
Michelmersh is continuing to seek support to finance a possible offer for the
entire issued ordinary share capital of Baggeridge. The Board anticipates that
financing will be concluded shortly.
An offer by Michelmersh is expected to comprise a share for share offer with a
full cash alternative, which will be at a price of not less than 225 pence per
Baggeridge ordinary share.
This announcement is not an announcement of a firm intention to make an offer
and accordingly no certainty can be assumed that an offer will be forthcoming.
However if an offer is made it will be on terms no less favourable than as
set out in this announcement.
Enquiries:
Charles Stanley Securities 020 7149 6000
Russell Cook
Anthony Noakes
Tavistock Communications 020 7920 3150
Jeremy Carey
Richard Sunderland
This information is provided by RNS
The company news service from the London Stock Exchange
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