ASCOT PLC
27 September 1999
Date: 27 September 1999
Contacts: Howard Dyer, Executive Chairman
Ascot Plc 0171 815 0805
David Bick
Holborn Public Relations 0171 929 5599
david_bick@holbornpr.co.uk
ASCOT Plc
The Board of Ascot Plc has noted yesterday's press reports regarding the
possible acquisition of the 70% of ChiroTech Technology Limited from Celltech
Chiroscience plc that Ascot does not already own.
The Board confirms that Ascot continues to have a put or call option following
a standstill of the existing shareholder agreement between Ascot and
Chiroscience and that discussions are continuing between the parties regarding
this matter.
A further announcement will be made when appropriate.