HRO H.R.Owen

TIDMHRO

RNS Number : 0538O

Berjaya Philippines Inc

16 September 2013

16 September 2013

PURCHASE OF FURTHER SHARES BY

BERJAYA PHILIPPINES INC ("BPI") IN

H.R. OWEN PLC ("H.R. OWEN")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION

Background

On 29 July 2013, BPI made a cash offer to acquire the entire issued and to be issued share capital of H.R. Owen, not already held by it, at an offer price of 130 pence per Share (the "Offer"). The Offer was by way of an offer document posted to Shareholders on 29 July 2013 as supplemented by the supplementary offer document published on 6 August 2013 (the "Original Offer Document"). On 12 September 2013 BPI announced a further acquisition of Shares at 170 pence per Share, thereby triggering a mandatory offer for H.R Owen ("Increased Mandatory Cash Offer").

Acquisition

BPI has today further purchased 10,000 Shares at 170 pence per Share and has increased the aggregate number of Shares held by it and persons acting in concert with it (including Mr Lancaster) to 11,155,529 Shares representing 47.2% of the issued share capital of the Company.

General

Terms used in this announcement have the same meaning as in the Original Offer Document, unless stated otherwise.

This Announcement does not constitute or form part of any offer or invitation to sell or purchase any securities or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, pursuant to the Increased Mandatory Cash Offer or otherwise. The Increased Mandatory Cash Offer is made solely by the increased mandatory cash offer document ("Increased Mandatory Cash Offer Document") which contains the full terms and conditions of the Offer, including details of how the Offer may be accepted. Please carefully read the Increased Mandatory Cash Offer Document in its entirety before making a decision with respect to the Increased Mandatory Cash Offer.

Enquires

Arden Partners (Financial adviser to the Offeror)

Richard Day/Adrian Trimmings/Katelin Kennish 020 7614 5900

Arden Partners plc., which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to BPI in relation to the Increased Mandatory Cash Offer and no-one else and will not be responsible to anyone other than BPI for providing the protections offered to clients of Arden Partners or for providing advice in relation to matters set out in this announcement. Arden Partners does not accept any responsibility whatsoever to any person other than BPI for the contents of this announcement or for any statement made or purported to be made by it or on its behalf in connection with the Increased Mandatory Cash Offer.Arden Partners accordingly disclaims all and any liability whether arising in tort, contract or otherwise which it might otherwise have in respect of this announcement or any such statement.

Overseas jurisdictions

Unless otherwise determined by the Offeror or required by the Code and permitted by applicable law and regulation, the Increased Mandatory Cash Offer is not being made, directly or indirectly, in or into, or by the use of the mails of, or by any means or instrumentality (including, without limitation, by mail, telephonically or electronically by way of internet or otherwise) of interstate or foreign commerce of, or by any facilities of a national, state or other securities exchange of, any Restricted Jurisdiction, and the Increased Mandatory Cash Offer may not be accepted by any other such use, means, instrumentality or facility from or within any Restricted Jurisdiction. Accordingly, unless otherwise determined by the Offeror or required by the Code and permitted by applicable law and regulation, copies of this announcement and any other documents related to the Increased Mandatory Cash Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from any Restricted Jurisdiction.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and/or regulation and therefore any persons who are subject to the laws and regulations of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. Any failure to comply with the applicable requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. If any Shareholder remains in any doubt, such Shareholder should consult his professional adviser in the relevant jurisdiction.

This announcement has been prepared for the purpose of complying with English law and the Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and/or regulations of jurisdictions outside the UK. Any person (including, without limitation, any custodian, nominee and trustee) who would, or otherwise intends to, or who may have a contractual or legal obligation to, forward this announcement to any jurisdiction outside the UK should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction.

Publication on websites

In accordance with Rule 30.4 of the Code, a copy of this announcement will be available, subject to certain restrictions in relation to persons resident in Restricted Jurisdictions, on the Offeror's website www.bcor.com.ph by no later than 12 noon on 13 September 2013. Neither the contents of the Offeror's website, nor the content of any other website accessible from hyperlinks on the Offeror's website, is incorporated into or forms part of this announcement.

You may request a hard copy of this announcement by contacting Arden Partners during business hours on +44(0)20-7614-5917. It is important that you note that unless you make such a request and save as otherwise required by Rule 2.12 of the Code, a hard copy of this announcement will not be sent to you.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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