Terrace Hill Group PLC
05 March 2003
TERRACE HILL GROUP PLC ('the Company')
Result of Extraordinary General Meeting
At the Extraordinary General Meeting of the Company held yesterday, the
resolution to approve the buy back of up to 750,000 ordinary shares was approved
by shareholders.
Tenders were received in excess of 750,000 shares, and the directors therefore
intend to propose a further buy back at the time of the announcement of the
Company's interim results to 30 April 2003. This is intended to take up all
shares scaled back at the same price of 16.25p or, if the proposal is extended
further, at any higher price at which tenders are invited.
In light of the announcement by the Company earlier today of a substantial
disposal, current tenderers are being given an opportunity to withdraw tenders.
A letter to this effect will be posted to tenderers today. Payment for shares
tendered and not withdrawn or scaled back will be made on 14 March 2003.
Shares in respect of which scaling back or withdrawal applies and which are not
therefore bought back under the current action will be treated as on the
register at the record date for the dividend announced on 23 January 2003.
END
This information is provided by RNS
The company news service from the London Stock Exchange
*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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.