Business
Rule 2.4 announcement
Rule 2.4 announcement.
About this update from Comptoir Group Plc
[{"type":"text","content":"\n Comland Commercial PLC\n07 September 2007\n\nComland Commercial Plc ('Comland Commercial' or the 'Company')\n\nAnnouncement in accordance with Rule 2.4 of the City Code on Takeovers and\nMergers\n\nThe Board of Comland Commercial is in advanced discussions with MCF Commercial\nLimited, a company owned by Comland's Chief Executive Stuart Crossley, in\nrelation to a recommended proposal for the acquisition of the entire issued\nshare capital of Comland, for cash at a price of £9.50 per share. The proposed\nacquisition will be implemented by way of a scheme of arrangement and will be\nsubject, amongst other things, to the approval of shareholders and sanction of\nthe Court. It is proposed that a cash and share alternative will also be made\navailable.\n\nThis announcement is being made with the consent of MCF Commercial Limited.\nThere is no certainty that an offer will be made.\n\nA further announcement is expected to be made in due course.\n\nComland Commercial announces, in accordance with Rule 2.10 of the City Code on\nTakeovers and Mergers, that at the close of business on 6 September 2007 its\nissued share capital consisted of 4,556,520 ordinary shares of 10 p each. The\nInternational Securities Identification Number is GB 0001859072.\n\nEnquiries:\nComland Commercial Plc 01628 535 777\nChris Martin\n\nGrant Thornton Corporate Finance 020 7936 3000\nPhilip Secrett\nColin Aaronson\n\nThe Directors of Comland Commercial accept responsibility for the information\ncontained in this announcement. To the best of the knowledge and belief of the\nDirectors of Comland Commercial (who have taken all reasonable care to ensure\nthat such is the case), the information contained in this announcement for which\nthey accept responsibility is in accordance with the facts and does not omit\nanything likely to affect the import of such information.\n\nGrant Thornton Corporate Finance is acting for Comland Commercial and for no-one\nelse in connection with the possible offer and will not regard any other person\nas its client nor be responsible to anyone other than Comland Commercial for\nproviding the protections afforded to clients of Grant Thornton Corporate\nFinance nor for providing advice in relation to the possible offer or any matter\nreferred to herein. Grant Thornton Corporate Finance is a division of Grant\nThornton UK LLP, which ...