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Ennstone PLC (ENN)

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Friday 19 November, 2004

Ennstone PLC

Delisting of Johnston Shares

Ennstone PLC
19 November 2004


               NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
              INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
                            THE REPUBLIC OF IRELAND


                           ENNSTONE PLC ("ENNSTONE")
                          RECOMMENDED OFFER ("OFFER")
                      FOR JOHNSTON GROUP PLC ("JOHNSTON")

LEVEL OF ACCEPTANCES, COMPULSORY ACQUISITION PROCEDURE AND DELISTING OF JOHNSTON
                                     SHARES

Compulsory Acquisition Procedure


On 1 November 2004, it was announced that the Offer had been declared
unconditional in all respects.

Ennstone announces that, as at 3.00 p.m. on 18 November 2004, valid acceptances
of the Offer had been received in respect of a total of 10,359,960 Johnston
Shares, representing approximately 95.7 per cent. of the issued ordinary share
capital of Johnston.

As valid acceptances of the Offer have been received in respect of more than
nine-tenths in value of the Johnston Shares to which the Offer relates, Ennstone
intends to apply the provisions of sections 428-430F of the Companies Act 1985
to acquire compulsorily all outstanding Johnston Shares. Accordingly, Ennstone
will shortly be posting formal notices pursuant to section 429(4) of the
Companies Act 1985 to those Johnston Shareholders who have not yet validly
accepted the Offer.

The Offer and the Loan Note Alternative will remain open for acceptance until
further notice.

Ennstone urges Johnston Shareholders who have not yet accepted the Offer to
return their Forms of Acceptance by post or (during usual business hours only),
by hand to Capita IRG Plc, the receiving agent to the Offer, at The Registry, 34
Beckenham Road, Beckenham, Kent BR3 4TU as soon as possible. Any Johnston
Shareholder who has any questions, or requires a further copy of the Offer
Document or Form of Acceptance, should telephone Capita IRG Plc on 0870 162 3100
or (if calling from outside the UK) +44 20 8639 2157.

Settlement of the consideration due in respect of valid acceptances of the Offer
will be despatched to accepting Johnston Shareholders within 14 days of receipt
of the acceptances, valid and complete in all respects.


Loan Note Alternative

To date shareholders holding 17,025 shares in aggregate have elected for the
Loan Note Alternative.  The Loan Note Alternative will remain open until further
notice.

Delisting

It is the intention of Ennstone to apply for cancellation, respectively, of the
trading in Johnston Shares on the London Stock Exchange's markets for listed
securities and the listing of Johnston Shares on the Official List of the United
Kingdom Listing Authority.  The notice period of 20 business days referred to in
the Offer Document dated 4 August 2004 relating to such cancellation commenced
on 1 November 2004, being the date on which the Offer was declared unconditional
in all respects, and it is anticipated that such cancellation will occur on 29
November 2004.

This announcement, which is the sole responsibility of Ennstone, has been
approved by Altium Capital solely for the purpose of Section 21 of the Financial
Services and Markets Act 2000.

Altium Capital, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Ennstone as financial
adviser (within the meaning of the Rules of the Financial Services Authority)
and no-one else in connection with the Offer and is not advising any other
person or treating any other person as its client in relation thereto and will
not be responsible to anyone other than Ennstone for providing the protections
afforded to clients of Altium Capital or for providing advice in relation to the
Offer, the contents of this announcement or any other matters referred to
herein.

Terms defined in the Offer Document bear the same meanings when used in this
announcement.

                                                                19 November 2004


Enquiries:

Ennstone plc                                            01332 694444
Vaughan McLeod

Altium Capital Limited                                 0161 831 9133
Phil Adams/Paul Lines

College Hill                                           020 7457 2020
Mark Garraway/Matthew Gregorowski


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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