Business
Offer Update: Close of Offer
Offer Update: Close of Offer.
About this update from Checkit Plc
[{"type":"text","content":"\n RNS Number : 6866S Elektron PLC 15 September 2010 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \n15 September 2010\nELEKTRON PLC\n(\"Elektron\" or the \"Company\")\n \nOffer Update: Close of Offer\n \nOn 30 July 2010 Elektron announced that it had increased its holding of shares in Hartest Holdings Plc (\"Hartest\") to 4,570,031 Hartest Shares representing approximately 53.1 per cent. of the voting rights in Hartest.\n \nAs required under Rule 9 of the Code, on 24 August 2010 Elektron made a mandatory offer for the Hartest Shares not already held by Elektron at a price of 90 pence per Hartest Share in cash, being the highest price paid for Hartest Shares by Elektron in the 12 months prior to 24 August 2010.\n \nThe Offer closed at 1.00pm on 14 September 2010 (the \"Closing Time\"). The Offer was unconditional from the outset. As stated in the Offer Document, the Offer will not remain open for acceptance following the Closing Time. Elektron announces that, as at the Closing Time, Elektron had received valid acceptances of the Offer for Hartest in respect of a total of 3,916,559 Hartest Shares, representing approximately 44.28 per cent. of Hartest's issued ordinary share capital. Combined with the 4,570,031 Hartest Shares held by Elektron before the Offer Period, Elektron owns or has received valid acceptances in respect of a total of 8,486,590 Hartest Shares, representing approximately 95.94 per cent. of Hartest's issued ordinary share capital.\n \nNone of the acceptances were received from persons acting in concert with Elektron or were in respect of Hartest Shares which were subject to an irrevocable commitment or a letter of intent procured by Elektron or any person acting in concert with Elektron (no such irrevocable commitment or letter of intent having been procured).\n \nSave as disclosed in the Offer Document, neither Elektron nor any persons acting in concert with it held any Hartest Shares or rights over any Hartest Shares prior to the Offer Period and neither Elektron nor persons acting in concert with Elektron have acquired or agreed to acquire any Hartest Shares (or rights over any Hartest ...