Business
Offer for Footasylum declared wholly unconditional
Offer for Footasylum declared wholly unconditional.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n \nRNS Number : 0310W JD Sports Fashion Plc 12 April 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n12 April 2019\n \nRecommended Cash Offer For Footasylum plc by JD Sports Fashion plc\nOffer declared wholly unconditional\nOn 18 March 2019, the boards of directors of JD Sports Fashion plc (JD) and Footasylum plc (Footasylum) announced the terms of an offer to be made for the whole of the issued and to be issued ordinary share capital of Footasylum (other than the Footasylum Shares which JD already owns) (Offer) to be implemented by means of a takeover offer under the Code and within the meaning given to that term in section 974 of the Companies Act (Announcement). The offer document containing the full terms and Conditions of the Offer and the procedures for its acceptance (Offer Document) was posted to Footasylum Shareholders on 22 March 2019.\nCapitalised terms used in this announcement shall have the meanings respectively given to them in the Announcement. \nLevel of acceptances\nAs at 3.00pm (London time) on 11 April 2019 (the latest practicable date prior to the publication of this announcement), JD has received valid acceptances of its Offer in respect of a total of 78,176,481 Footasylum Shares, representing approximately 74.82 per cent. of the issued share capital of Footasylum and includes acceptances in respect of a total of 75,456,481 Footasylum Shares representing 91.82 per cent. of Footasylum Shares which JD may count towards satisfaction of the Acceptance Condition.\nOf these, acceptances have been received in respect of:\n· 2,720,000 Footasylum Shares (representing approximately 2.60 per cent. of the current issued share capital of Footasylum) from Pentland, which is presumed by the Code to be acting in concert with JD. This acceptance does not count towards satisfaction of the Acceptance Condition; and\n \n· 65,845,799, Footasylum Shares (representing approximately 63.03 per cent. of the current issued share capital of Footasylum and approximately 80.13 per cent. of the issued share capital of Footasylum which JD may count towards satisfaction of the ...