Business
Non-Voting Ord Shares Offer Update and Extension
Non-Voting Ord Shares Offer Update and Extension.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 7414W Severn Trent PLC 13 February 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nFOR IMMEDIATE RELEASE\nThis announcement contains inside information\n13 February 2017\n \nRECOMMENDED ACQUISITION\nof\nDEE VALLEY GROUP PLC\nby\nSEVERN TRENT WATER LIMITED\n \nNON-VOTING ORDINARY SHARES OFFER UPDATE AND EXTENSION\n \nSevern Trent announces that at 1:00 pm on 10 February 2017, Severn Trent had received acceptances of the Contractual Offer in respect of a total of 429,423 Non-Voting Ordinary Shares, representing approximately 87.05 per cent. of the Non-Voting Ordinary Shares, based upon a figure of 493,268 Non-Voting Ordinary Shares in issue.\nThe Contractual Offer is subject to the single condition that the Scheme has become Effective. It is expected that the Scheme will become Effective later this week.\nWith the consent of the Panel and the Dee Valley Board, the last date for the fulfilment of the Contractual Offer condition has been extended, from 1.00 pm on 14 February 2017 to 1.00 pm on 28 February 2017. \nSave as set out above, as at 1:00 pm on 10 February 2017, neither Severn Trent nor any persons acting in concert with Severn Trent has (i) any interest in or any right to subscribe for any Non-Voting Ordinary Shares, (ii) any short positions (whether conditional or absolute and whether in money or otherwise), including any short position under a derivative, any agreement to sell or any delivery obligation or right to require any other person to purchase or take delivery of any Non-Voting Ordinary Shares, (iii) borrowed or lent any Non-Voting Ordinary Shares, save for any borrowed Non-Voting Ordinary Shares that have been on-lent or sold, or (iv) received any outstanding irrevocable commitment or letter of intent in respect of Non-Voting Ordinary Shares.\nFurther information\nUnless otherwise stated, capitalised terms used in this announcement have the same meaning as those in Severn Trent's acquisition document dated 2 December 2016.\nThis announcement is not intended to and does not constitute, or form part of, any offer to sell or subscribe for or an invitation to...