Creightons PLC
8 March 2000
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR THE REPUBLIC OF
IRELAND
CREIGHTONS PLC ('CREIGHTONS' OR THE 'COMPANY')
RESULTS OF OPEN OFFER OF UP TO
29,814,784 NEW ORDINARY SHARES
86.7 % TAKE UP OF OPEN OFFER
Creightons announces that at 3.00 pm on 7 March 2000, valid
applications under the Open Offer to qualifying shareholders
detailed in the circular to shareholders of Creightons dated
15 February 2000 had been received in respect of 25,839,243
new ordinary shares, representing approximately 86.7 per cent
of the 29,814,784 new ordinary shares subject to the Open
Offer. The balance of 3,975,541 new ordinary shares not taken
up by qualifying shareholders under the Open Offer will be
placed by Seymour Pierce Limited under the terms of the
underwriting agreement.
Dealings in the new ordinary shares are expected to commence
on Monday 13 March 2000.
The extraordinary general meeting of Creightons to approve,
inter alia, the Open Offer is to be held at the offices of
KPMG, 1 Puddle Dock, Blackfriars, London EC4V 3PD at 11.00 am
on Thursday 9 March 2000.
Enquiries:
Creightons PLC 0207 796 6090
Roger Lane-Smith
Strand Partners Limited
Tony Rawlinson 0207 409 3494
Seymour Pierce Limited
John Depasquale 0207 648 8730
Strand Partners Limited and Seymour Pierce Limited, each of
which is regulated by The Securities and Futures Authority
Limited, are acting exclusively for Creightons plc and no-one
else in connection with the Open Offer described in this
announcement and will not be responsible to any other person
for providing the protections afforded to customers of Strand
Partners Limited or Seymour Pierce Limited in respect of the
contents of this announcement or any transaction referred to
herein.