Information  X 
Enter a valid email address

Fairfield Enterprise (FFD)

  Print      Mail a friend

Tuesday 22 February, 2000

Fairfield Enterprise

Bobst - Offer Acceptances and Extension

Fairfield Enterprises PLC
22 February 2000


Not  for release, publication or distribution in or into  the
United States, Canada, Australia or Japan


RECOMMENDED CASH OFFERS

by

HAWKPOINT PARTNERS LIMITED

on behalf of

BOBST SA

for

FAIRFIELD ENTERPRISES PLC

LEVEL OF ACCEPTANCES AND EXTENSION OF OFFERS

The Board and Executive Committee of Bobst announce that
the recommended cash offers for the whole of the issued
and to be issued share capital and Loan Stock of
Fairfield have been extended to 6 March 2000.

As at 3.00pm on 21 February 2000, Bobst had received
valid acceptances of the Offers in respect of 8,709,053
Fairfield Shares, representing 89.97 per cent of the
issued share capital of Fairfield, and £1,000,000 in
nominal value of Loan Stock, representing 100 per cent of
the nominal value of Loan Stock in issue.

Prior to the announcement of the Offers, Bobst received
irrevocable undertakings to accept the Ordinary Offer in
respect of 702,515 Fairfield Shares, representing
approximately 7.3 per cent of the issued share capital of
Fairfield.  Acceptances under the Ordinary Offer have
been received in respect of these undertakings and are
included in the total above.

Prior to the commencement of the Offer Period, neither
Bobst nor any person deemed to be acting in concert with
Bobst for the purpose of the Offers held any Fairfield
Shares or Loan Stock or rights over such Fairfield Shares
or Loan Stock.  None of the acceptances referred to above
were received from parties deemed to be acting in concert
with Bobst for the purpose of the Offers and neither
Bobst nor any party deemed to be acting in concert with
Bobst for the purpose of the Offers has acquired or
agreed to acquire any Fairfield Shares or Loan Stock, or
rights over such Fairfield Shares or Loan Stock during
the Offer Period.


Enquiries:

Bobst SA                                   
Markus Niederhauser                        Tel:  +41 21
                                           621 24 30
Josef Santoro                              Tel:  +41 21
                                           621 25 60
                                           
Hawkpoint Partners Limited (advisers to    
Bobst)
Clive Baker                                Tel:  020 7665
                                           4500
                                           
This  announcement, for which Bobst is  responsible,  has
been  approved by Hawkpoint Partners for the purposes  of
Section 57 of the Financial Services Act 1986.
Hawkpoint  Partners, which is regulated by The Securities
and Futures Authority Limited, is acting for Bobst and no
one  else in connection with the Offers and will  not  be
responsible to anyone other than Bobst for providing  the
protections  afforded to customers of Hawkpoint  Partners
nor for giving advice in relation to the Offers.
Terms defined in the Offer Document dated 31 January 2000
have the same meaning in this announcement.


                      

a d v e r t i s e m e n t