Information  X 
Enter a valid email address

Homestyle Group PLC (HME)

  Print      Mail a friend       Annual reports

Tuesday 13 February, 2007

Homestyle Group PLC

Suspension of Trading

Homestyle Group PLC
13 February 2007


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

13 February 2007

FOR IMMEDIATE RELEASE



HOMESTYLE GROUP PLC ('HOMESTYLE')

PROPOSED SCHEME OF ARRANGEMENT


SUSPENSION OF TRADING

The latest time for lodging Forms of Election and for TTE instructions to settle
in respect of the Scheme is 4.30 p.m. on 14 February 2007.  Following this time,
and in anticipation of the Court Hearing on 15 February 2007 to sanction the
Scheme and the associated reduction of capital, trading in Homestyle Shares on
the London Stock Exchange will be suspended.  If the Scheme becomes effective,
it is expected that Homestyle Shares will be delisted with effect from 8.00a.m.
on 20 February 2007.



Terms defined in the Scheme Circular issued on 22 December 2006 have the same
meanings when used in this announcement.


Enquiries:

Homestyle Group PLC
Donald Macpherson                                            +44 (0) 1925 647200
Tim Kowalski                                                 +44 (0) 1925 647200

Hawkpoint Partners Limited (Financial adviser to
Homestyle)
Christopher Darlington                                      +44 (0) 20 7665 4563

Hudson Sandler Limited (PR adviser to Homestyle)
Andrew Hayes                                                +44 (0) 20 7796 4133
Jessica Rouleau                                             +44 (0) 20 7796 4133

Steinhoff International Holdings Limited
Piet Ferreira                                                 +27 (0)11 445 3061
Stehan Grobler                                                +27 (0)11 445 3050

Citigroup Global Markets Limited (Financial adviser to
Steinhoff)
Ian Hart                                                     +44 (0)20 7986 4000
Mark Todd                                                    +44 (0)20 7986 4000


Hawkpoint Partners Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Homestyle Group PLC and no one else in
connection with the Proposals and will not be responsible to anyone other than
Homestyle Group PLC for providing the protections afforded to clients of
Hawkpoint or for providing advice in relation to the Proposals, the contents of
this Announcement or any transaction or arrangement referred to in this
Announcement.

Citigroup, which is authorised and regulated by the Financial Services
Authority, is acting for Steinhoff International Holdings Limited and Steinhoff
Europe AG and no one else in connection with the Proposals and will not be
responsible to anyone other than Steinhoff International Holdings Limited and
Steinhoff Europe AG for providing the protections afforded to clients of
Citigroup or for providing advice in relation to the Proposals, the contents of
this Announcement or any transaction or arrangement referred to in this
Announcement.

This communication does not constitute an offer to sell or invitation to
purchase or subscribe for any securities or the solicitation of an offer to buy
securities, or the solicitation of any vote or approval, in any jurisdiction
pursuant to the Proposals or otherwise.  Any response in relation to the
Proposals should only be made on the basis of the information contained in the
Scheme Document.




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

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