UK Coal PLC
07 September 2005
UK Coal Plc
Offer update
On 6 April 2005 the Board of UK Coal Plc ('UK Coal' or 'The Company') announced
that it had received a highly preliminary and tentative approach regarding a
possible offer for the Company; this approach was subject to a number of
conditions and pre-conditions. As previously announced, the Company sought
clarification on a number of aspects of the approach, and in the absence of such
clarification, did not pursue discussions.
Clarification has now been received on some of the issues raised and, whilst in
the view of the Company the proposal remains highly preliminary and tentative,
UK Coal has now agreed to meet with members of the Consortium (being Alchemy
Partners LLP, Morston Assets Limited and the Buccleuch Group).
There can be no certainty that an offer will be made and, if made, there can be
no certainty as to the terms of any such offer.
A further announcement will be made as appropriate.
Enquiries:
Gavin Anderson 020 7554 1400
Ken Cronin
This information is provided by RNS
The company news service from the London Stock Exchange