Artisan (UK) PLC
18 February 2000
Artisan (UK) plc ('Artisan')
Recommended Offers for the entire Issued Ordinary and A
Share Capital of
Investment In Heritage plc ('IIH)
Offers Wholly Unconditional
Artisan announces that as at 1.00pm on 18 February 2000
valid acceptances of the Ordinary Share Offer had been
received in respect of a total of 600,289 Ordinary
Shares, representing approximately 92.8 per cent. of the
current issued ordinary share capital of IIH.
As at 1.00pm on 18 February 2000 valid acceptances of the
A Share Offer had been received in respect of a total of
100 A Shares, representing 100 per cent. of the current
issued A share capital of IIH.
The total number of acceptances received in respect of
the Offers includes acceptances in respect of 10,004
Ordinary Shares under the Ordinary Share Offer and 100 A
Shares under the A Share Offer which were the subject of
irrevocable undertakings.
Accordingly, Artisan announces that the remaining
conditions of the Offers have been satisfied or, where
permitted, waived and consequently the Offers have become
unconditional in all respects. The Offers are now
closed. Consideration in respect of valid acceptances
received will be sent to IIH shareholders within the next
14 days.
In due course, Artisan intends to apply the provisions of
sections 428 to 430F of the Companies Act 1985 to acquire
compulsorily the IIH Ordinary Shares in respect of which
valid acceptances of the Ordinary Share Offer have not
been received. Section 429 notices will be posted in due
course to those Ordinary Shareholders for which a valid
acceptance has not been received.
Enquiries:
Artisan (UK) plc 01480 436666
Stephen Dean
This announcement has been approved by Seymour Pierce
Limited ('Seymour Pierce') for the purposes of Section 57
of the Financial Services Act 1986.
Seymour Pierce which is regulated by The Securities and
Futures Authority Limited, is acting for Artisan and for
no one else in connection with the Offers, and Seymour
Pierce will not be responsible to anyone other than
Artisan for providing protections afforded to customers
of Seymour Pierce or for giving advice in relation to the
Offers.
The Directors of Artisan accept responsibility for the
information contained in this announcement and, to the
best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the
information contained in this announcement is in
accordance with the facts and does not omit anything
likely to affect the import of such information.