Chandra PLC
18 April 2000
CHANDRA PLC ('Chandra' or 'the Company')
At the Extraordinary General Meeting of the Company held today, and
following the passing of the resolution approving the acquisition of
Lupine Ventures Limited and Groovetech LLC, the requirement for the
vendors to make a general offer in cash to shareholders of Chandra
under Rule 9 of the City Code on Takeovers and Mergers has been waived
by the Panel on Takeovers and Mergers.
Following the allotment of the consideration shares, the concert party
will own or control in aggregate 43.82 per cent. of the enlarged
issued share capital of Chandra.