AAF Industries PLC
10 December 1999
Not for release or distribution in or into the United States of America,
Canada, Australia or Japan
RECOMMENDED UNCONDITIONAL CASH OFFER
BY KPMG CORPORATE FINANCE
ON BEHALF OF WACO INTERNATIONAL LIMITED
FOR THE ISSUED SHARE CAPITAL OF
AAF INDUSTRIES PLC NOT ALREADY OWNED BY
WACO INTERNATIONAL LIMITED AND ITS SUBSIDIARIES
CLOSE OF OFFER
Waco International Limited ('Waco') announces that its revised recommended
unconditional cash offer ('Offer') for the share capital of AAF Industries plc
('AAF') not already owned by the Waco Group as set out in its Offer Document
dated 24 September 1999 ('Offer Document') and its Revised Offer Document
dated 5 November 1999 ('Revised Offer Document') will close at 3.00pm on
Friday, 10 December 1999.
Words and expressions defined in the Offer Document and the Revised Offer
Document shall, unless the context otherwise requires, have the same meanings
when used in this announcement.
Enquiries:
Waco International Limited 00271 1883 4119
Mike Smithyman
Mark Towler
KPMG Corporate Finance 0171 311 1000
David Simpson
Marc Cramsie
AAF Industries plc 01964 542131
Andrew Walker
KPMG Corporate Finance, a division of KPMG which is authorised by the
Institute of Chartered Accountants in England and Wales to carry on investment
business, is acting for Waco and no one else in connection with the Offer and
Revised Offer and will not be responsible to anyone other than Waco for
providing the protections afforded to clients of KPMG Corporate Finance nor
for giving advice in relation to the Offer and the Revised Offer.
The contents of this announcement have been approved for the purpose of
Section 57 of the Financial Services Act 1986 by KPMG Corporate Finance.