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Welcome to the Amstrad News Centre |
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The Latest News – 10
September 2007 |
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BskyB Group PLC - Offer Update |
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Not for release, publication
or distribution in whole or in part in, into or from any jurisdiction
where to do so would constitute a violation of the relevant laws of
such jurisdiction
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RECOMMENDED
CASH OFFER
by
SKY DIGITAL SUPPLIES LIMITED
a wholly-owned subsidiary of
BRITISH SKY BROADCASTING GROUP PLC
for
AMSTRAD PLC
POSTING OF COMPULSORY ACQUISITION NOTICES AND DE-LISTING |
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Following the announcement
on 5 September 2007 that the Offer had been declared unconditional
in all respects, Sky Digital Supplies announces that, as at 3.00 pm
(London time) on 7 September 2007, Sky Digital Supplies has acquired
or received valid acceptances under the Offer in respect of a total
of 75,339,903 Amstrad Shares, representing approximately 90.42 per
cent. of the existing share capital of Amstrad.
As valid acceptances of the Offer have been received in respect of
more than nine-tenths in value of Amstrad Shares to which the Offer
relates and in respect of more than nine-tenths of the voting rights
of Amstrad Shares to which the Offer relates, Sky Digital Supplies
will shortly send notices to non-assenting Amstrad Shareholders implementing
the procedure set out in sections 979 to 991 of the Companies Act 2006
to acquire compulsorily those Amstrad Shares which have not been assented
to the Offer.
The Offer will remain open for acceptance until further notice and
remains subject to the terms set out in the Offer Document.
Application will be made to the UK Listing Authority for the cancellation
of listing of Amstrad Shares on the Official List and to the London
Stock Exchange for the cancellation of admission to trading of Amstrad
Shares on its market for listed securities, in each case to take effect
on 8 October 2007, which is 20 business days following the date of
this announcement.
Terms used in this announcement shall have the meaning given to them
in the Offer Document, unless the context requires otherwise.
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Enquiries |
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Sky
Analysts / Investors:
Andrew Griffith
+44 (0) 20 7705 3000
Robert Kingston
+44 (0) 20 7705 3000
Press:
Robert Fraser
+44 (0) 20 7705 3000
Merrill Lynch
(Financial adviser to Sky)
Simon Gorringe
+44 (0) 20 7628 1000
Mark Astaire
+44 (0) 20 7628 1000
Amstrad
Martin Bland
+44 (0) 1277 228888
Rothschild
(Financial adviser to Amstrad)
Robert Leitao
+44 (0) 20 7280 5000
Frank PR
(Public relations adviser to Amstrad)
Graham Goodkind
+44 (0) 20 7693 6966 |
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Further
information |
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For further information on Sky and Amstrad, please see www.sky.com
and www.amstrad.com, respectively.
This announcement does not constitute, or form part of, an offer or
solicitation of any offer to sell or an invitation to purchase any
securities or the solicitation of an offer to buy any securities, pursuant
to the Offer or otherwise. The Offer will be made solely by the Offer
Document and the Form of Acceptance, which contain the full terms and
conditions of the Offer, including details of how the Offer may be
accepted. Any acceptance or other response to the Offer should be made
on the basis of the information in the Offer Document and the Form
of Acceptance.
The availability of the Offer to persons who are not resident in the
United Kingdom may be affected by the laws of the relevant jurisdictions
in which they are located. Persons who are not resident in the United
Kingdom should inform themselves about, and observe, any applicable
legal or regulatory requirements.
The release, publication or distribution of this announcement in jurisdictions
other than the UK may be restricted by law and therefore any persons
who are subject to the laws of any jurisdiction other than the UK should
inform themselves about, and observe, any applicable requirements.
Any failure to comply with the applicable requirements may constitute
a violation of the securities laws of any such jurisdiction. This announcement
has been prepared for the purpose of complying with English law and
the Code and the information disclosed may not be the same as that
which would have been disclosed if this announcement had been prepared
in accordance with the laws of jurisdictions outside the UK.
Any person (including, without limitation, any custodian, nominee or
trustee) who would, or otherwise intends to, or who may have a contractual
or legal obligation to, forward this announcement and/or the Offer
Document and/or any other related document to any jurisdiction outside
the UK should inform themselves of, and observe, any applicable legal
or regulatory requirements of their jurisdiction.
Further details in relation to overseas shareholders are contained
in the Offer Document.
Merrill Lynch is acting exclusively as financial adviser to Sky and
Sky Digital Supplies and no one else in connection with the Offer and
this announcement and will not be responsible to anyone other than
Sky and Sky Digital Supplies for providing the protections afforded
to clients of Merrill Lynch, nor for providing advice in connection
with the Offer or this announcement or any matter referred to in this
announcement.
Rothschild is acting exclusively as financial adviser to Amstrad and
no one else in connection with the Offer and this announcement and
will not be responsible to anyone other than Amstrad for providing
the protections afforded to clients of Rothschild, nor for providing
advice in connection with the Offer or this announcement or any matter
referred to in this announcement.
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