Themis FTSE Fledgling Index Tst PLC
22 November 1999
GARTMORE FLEDGLING INDEX TRUST PLC
('Gartmore Fledgling')
OFFER FOR
THEMIS FTSE FLEDGLING INDEX TRUST PLC
('Themis Fledgling')
Acceptances of the Offer
The Board of Gartmore Fledgling announces that by 3pm on 22
November 1999 valid acceptance under the Offer had been
received in respect of 7,466,772 Themis Fledgling Shares,
representing approximately 14.9 per cent. of the issued Themis
Fledgling Shares. The first closing date of the Offer is 2
December 1999.
Prior to the offer period, a Themis Fledgling Shareholder
holding 10,585,000 Themis Fledgling Shares, representing
approximately 21.1 per cent of the current issued share capital
of Themis Fledgling, irrevocably undertook to accept the Offer
and, in addition, Themis Fledgling Shareholders holding in
aggregate 13,591,951 Themis Fledgling Shares, representing
approximately 27.0 per cent. of the current issued share
capital of Themis Fledgling, indicated their intention to
accept the Offer. Taken together, this irrevocable undertaking
and these letters of intent represent 48.1 per cent. of the
current issued share capital of Themis Fledgling.
None of the Themis Fledgling shareholders who have provided an
irrevocable undertaking or letter of intent to Gartmore
Fledgling are included in the 14.9 per cent. acceptance level
referred to above.
Save as disclosed above, neither Gartmore Fledgling nor any
party acting in concert or deemed to be acting in concert with
Gartmore Fledgling held, or held rights over, any Themis
Fledgling Shares on or before the commencement of the offer
period nor has any such person acquired or agreed to acquire
any Themis Fledgling Shares or rights over any Themis Fledgling
Shares since the commencement of the offer period.
The Board of Gartmore Fledgling also reminds Gartmore Fledgling
Shareholders that an Extraordinary General Meeting of Gartmore
Fledgling will take place on 29 November 1999 at 10.00 a.m. to
seek shareholder approval for the Offer.
Enquiries:-
Gartmore Investment Limited Tel: 0207 782 2000
Michael Wrobel
Gary Smith
Dresdner Kleinwort Benson Tel: 0207 623 8000
Andrew Zychowski
The definitions used in the Offer Document dated 11 November
1999 apply in this press release, save where the context
otherwise requires.
Dresdner Kleinwort Benson, which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, is
acting exclusively for Gartmore Fledgling and for no-one else
in connection with the Offer and will not be responsible to
anyone other than Gartmore Fledgling for providing the
protections afforded to customers of Dresdner Kleinwort Benson
or for providing advice in relation to the Offer.
The Offer is not being made, directly or indirectly, in or into
the United States, Canada, Australia or Japan, and this
announcement must not be mailed or otherwise distributed or
sent to any persons in the United States, Canada, Australia or
Japan.