Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Wednesday 04 September, 2002

Rowan Dartington &Co

Offer Update

Rowan Dartington & Co. Limited
04 September 2002

               British Mohair Holdings Limited ('British Mohair')
         Recommended Mandatory Cash Offer for Yorklyde Plc ('Yorklyde')
                              Offer Update

British Mohair announces that as at 3 p.m. on 3 September 2002, valid
acceptances of the Offer have been received in respect of 4,030,256 ordinary
shares in Yorklyde, representing approximately 38.60 per cent. of the entire
issued ordinary share capital of Yorklyde.  This level of acceptances, together
with the 6,080,000 Yorklyde shares already owned by British Mohair, which
represent 58.24 per cent. of Yorklyde's issued ordinary share capital, means
that in aggregate British Mohair controls 96.84 per cent. of Yorklyde's issued
ordinary share capital.

The Offer, which has already been declared wholly unconditional, will remain
open for acceptance until 3 p.m. on 20 September 2002.

The valid acceptances of the Offer represent approximately 92.44 per cent. of
the Yorklyde shares in respect of which the Offer was made and British Mohair
now intends to apply the provisions of section 428 to 430 of the Companies Act
1985 to acquire compulsorily any Yorklyde shares in respect of which valid
acceptances have not been received.

This announcement for which the directors of British Mohair are responsible, has
been approved for the purpose of section 21 of the Financial Services and
Markets Act 2000 by Rowan Dartington & Co. Limited.

Rowan Dartington & Co. Limited, which is regulated by the Financial Services
Authority, is acting as financial adviser to British Mohair and no one else in
relation to the Offer and will not regard any other person as its customer or be
responsible to anyone other than British Mohair for providing a protection
awarded to customers of Rowan Dartington & Co. Limited nor for providing advice
in relation to the Offer.

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

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