Business
Offer Update
Offer Update.
About this update from Macfarlane Group Plc
[{"type":"text","content":"\n Macfarlane Group PLC\n15 December 2000\n\n PRESS RELEASE\n\n\n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,\n\n CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN\n\n\n15 December 2000\n\n FOR IMMEDIATE RELEASE\n\n\n\n\nMACFARLANE GROUP INCREASED FINAL* CASH OFFER FOR BRITISH POLYTHENE INDUSTRIES\n PLC\n\n\nSupport for Macfarlane's Increased Final Cash Offer\n\n\nThe board of Macfarlane announces that Macfarlane now owns or has received\nacceptances in respect of 11,691,015 BPI shares representing approximately\n31.7 per cent. of the issued share capital of BPI. Macfarlane owns 4,872,398\nBPI shares (representing approximately 13.2 per cent. of the issued share\ncapital of BPI). As at 3.00 pm on Thursday 14 December Macfarlane had secured\nvalid acceptances in respect of 6,818,617 BPI shares (representing\napproximately 18.5 per cent. of the issued share capital of BPI).\n\nMacfarlane urges all BPI shareholders now to accept its Increased Final Offer\nof 310 pence for every BPI share.\n\nThis announcement should be read in conjunction with the Original Offer\nDocument, the document sent to BPI shareholders on 2 November 2000, the\nIncreased Final Offer Document, the letters sent to BPI shareholders on 8\nDecember 2000 and 12 December 2000, and the Revised Form of Acceptance.\nDefinitions contained in these documents apply in this announcement save where\nthe context requires otherwise.\n\n* Macfarlane reserves the right to revise and/or increase and/or extend the\n Increased Final Offer in the event of a competitive situation (as\n determined by the Panel) arising or otherwise with the consent of the\n Panel.\n\n Enquiries:\n\nMacfarlane Group PLC 0141 333 9666\nIain Duffin\n\nNoble Grossart Limited 0131 226 7011\nSir Angus Grossart\nTodd Nugent\n\nHSBC 020 7336 9000\nJohn Hannaford\n\nBell Pottinger 020 7353 9203\nDavid Rydell\nKate Power\n\nBeattie Media 01698 787878\nGordon Beattie\n\n\nCopies of the Original Offer Document, the document sent to BPI shareholders\non 2 November 2000, the Increased Final Offer Document, the lettesr sent to\nBPI shareholders on 8 December 2000 and 12 December 2000, and the Revised Form\nof Acceptance are available free of charge from Lloyds TSB Registrars,\nAntholin House, 71 Queen Street, London EC4N 1SL (telephone 0870 600 2027).\n\n\nThe directors of Macfarla...