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Venturia PLC (VRA)

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Tuesday 18 January, 2005

Venturia PLC

Offer Update

Venturia PLC
18 January 2005


                            Venturia Plc ('Company')

                        Take-up Level Under Tender Offer


The Directors announce that Tenders in respect of 7,509,995 New Ordinary Shares
have been made under the Tender Offer, representing 57.4 per cent of ordinary
share capital at the Record Date.  In accordance with the terms of the Tender
Offer, all these New Ordinary Shares will be bought back under the Tender Offer
at 31 pence per share.  Following completion of the Tender Offer 5,577,505 New
Ordinary Shares will remain in issue, representing 42.6 per cent of the issued
share capital on the Record Date.  The total consideration to be paid by the
Company pursuant to the Tender Offer is £2,328,098.


It is expected that the Tender Offer consideration will be paid, CREST accounts
settled and balance share certificates despatched to Shareholders on around 28
January 2005.


In addition, as previously announced by the Company and approved by
Shareholders, the 130,000 Preference Shares, all of which are owned by Armstrong
Brooks, are to bought back for a consideration of £130,000.  The Directors
expect that the completion of the sale and purchase of such Preference Shares
will be effected on or before 28 January 2005.


Following the Tender Offer, Armstrong Brooks will hold 4,986,437 New Ordinary
Shares, representing 89.4 per cent of the current issued ordinary share capital.


The definitions set out on pages 4 - 5 of the Company's Circular dated 17
December 2004 shall, unless the context otherwise requires, have the same
meanings in this announcement.


Enquiries:


Martin Robinson

Venturia Plc                                         0161 819 5800


Justin Lewis

Corporate Synergy Plc                       0207 626 2244


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

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