EVOTEC BioSystems AG
26 October 2000
Not for release, publication or distribution in or into the United States,
Australia, Canada or Japan.
EVOTEC BioSystems AG ('EVOTEC')
Compulsory acquisition of outstanding shares in
Oxford Asymmetry International plc ('OAI')
EVOTEC announces that valid acceptances in respect of the Offer have been
received in respect of more than 90 per cent. in value of the OAI Shares to
which the Offer relates. Accordingly, EVOTEC will as soon as practicable be
posting formal notices to OAI Shareholders who have not yet validly accepted
the Offer informing such OAI Shareholders that it will compulsorily acquire
their OAI Shares under the provisions of Sections 428 - 430F of the Act.
On 29 September 2000, EVOTEC announced that the Offer was unconditional in all
respects and would remain open until further notice. EVOTEC now announces
that the Offer will be closed at 3.00 p.m. on 17 November 2000 and will not be
capable of acceptance thereafter. Accordingly, after 3.00 p.m. on 17 November
2000, all outstanding OAI Shares will be acquired under the compulsory
acquisition procedure referred to above.
Notice is hereby given that the Directors of OAI intend to apply for the
removal of the OAI Shares from the Official List of the UK Listing Authority
('delisting') and for the cancellation of trading in OAI's Shares on the
London Stock Exchange's markets for listed securities and it is intended that
such delisting and cancellation will take effect on 1 December 2000.
Enquiries
Lehman Brothers Tel: +44 (0)20 7601 0011
Warwick Ball
Joanna Floyd
Definitions used in the offer document dated 12 August 2000 have the same
meanings when used in this announcement, unless the context requires
otherwise.
Lehman Brothers, which is regulated in the UK by The Securities and Futures
Authority Limited, is acting for EVOTEC BioSystems AG in connection with the
Offer and no-one else and will not be responsible to anyone other than EVOTEC
BioSystems AG for providing the protections afforded to customers of Lehman
Brothers, nor for providing advice in relation to the Offer.
The Offer is not being made, directly or indirectly, in or into Australia,
Canada or Japan, and it may not be accepted in or from Australia, Canada or
Japan. In addition, the Offer is not being made, directly or indirectly in or
into the United States, and, subject to certain exceptions, the Offer may not
be accepted from the United States.
The New EVOTEC Shares proposed to be issued in connection with the Offer will
not be registered under the U.S. Securities Act of 1933, as amended. This
announcement does not constitute an offer of securities for sale in the United
States. No public offering of securities will be made in the United States in
connection with the Offer.