Mothercare PLC
30 May 2007
30 May 2007
Mothercare plc (the 'Company')
Proposed Acquisition of Chelsea Stores Holdings Limited ('CSHL')
Further to the Company's announcement of 28 April 2007 regarding its proposed
acquisition of CSHL (the 'Proposed Acquisition'), the Company announces that it
has today received notification from the Cyprus Commission for the Protection of
Competition that it has approved the Proposed Acquisition. Accordingly, this
condition has now been satisfied.
The Proposed Acquisition remains conditional upon the clearance of the Office of
Fair Trading, the Admission of the New Mothercare Shares and the approval of the
Resolutions by the Company's shareholders, which is being sought at an EGM.
The EGM will be held at 11.00 a.m. on 14 June 2007 at Mothercare plc, Cherry
Tree Road, Watford, Hertfordshire, WD24 6SH.
Copies of the Circular dated 25 May 2007 (the 'Circular'), which contains the
notice of the EGM, have been submitted to the UK Listing Authority and are
available for inspection by the public during normal business hours any weekday
(public holidays excepted) at the UK Listing Authority's Document Viewing
Facility, which is situated at:
The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London
E14 5HS, tel. 020 7066 1000.
The Circular and the Prospectus are also available on the Company's website,
www.mothercare.com.
Terms defined in the Circular have the same meaning in this announcement.
For further enquiries, contact:
Mothercare: 01923 206 001
Ben Gordon, Chief Executive
Neil Harrington, Finance Director
Citigroup Capital Markets Limited
(Financial adviser to Mothercare): 020 7986 4000
Ian Hart
Louise Stonestreet
Brunswick (PR adviser to Mothercare): 020 7404 5959
Susan Gilchrist
Anna Jones
Citigroup Global Markets Limited ('Citi'), which is authorised and regulated in
the UK by the Financial Services Authority, is acting for Mothercare and no one
else in connection with the Proposed Acquisition and will not regard any other
person as its client in relation to the Proposed Acquisition and will not be
responsible to anyone other than Mothercare for providing the protections
afforded to clients of Citi, or for providing advice in relation to the Proposed
Acquisition or any transaction or arrangement referred to in this document.
This announcement does not constitute or form part of any offer or invitation to
purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue,
or any solicitation of any offer to sell, otherwise dispose of, issue, purchase,
otherwise acquire or subscribe for, any security.
This information is provided by RNS
The company news service from the London Stock Exchange
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