Helical Bar PLC
23 December 2004
23 December 2004
Not for release, publication or distribution in whole or in part in or into the
United States, Canada, Japan or the Republic of South Africa
Helical Bar plc ('Helical Bar' or the 'Company')
Repurchase Offer for B Shares
The terms of the Return of Cash approved by Shareholders on 20 December 2004
enabled Shareholders to sell all or some of their B Shares at £4.00 per share,
free of all dealing expenses and commissions, via a Repurchase Offer which was
made by Cazenove & Co. Ltd on Wednesday 22 December 2004. Elections to accept
the Repurchase Offer were received in respect of 9,364,125 B Shares,
representing approximately 88.5 per cent. of the B Shares. These B Shares have
subsequently been purchased by the Company for cancellation.
The remaining 1,222,704 B Shares, representing approximately 11.5 per cent. of
the B Shares, will continue to be in issue. The amount which would be payable
by the Company if it were to repurchase the remaining B Shares at a price of
£4.00 per B Share would be approximately £4.9 million.
All definitions used in the Circular to Shareholders dated 25 November 2004
apply to this announcement.
Enquiries:
Helical Bar plc
020 7629 0113
Nigel McNair Scott
Cazenove & Co. Ltd
020 7588 2828
Richard Cotton
Roger Clarke
Financial Dynamics
020 7831 3113
Stephanie Highett
Dido Laurimore
This information is provided by RNS
The company news service from the London Stock Exchange
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