Compulsory Acqn of Shares
12 Junho 2003 - 2:11PM
UK Regulatory
RNS Number:2837M
Ferrovial Servicios S.A.
12 June 2003
OFFER FOR AMEY PLC
Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan.
FOR IMMEDIATE RELEASE
12 June 2003
Recommended Cash Offer by
Ferrovial Servicios, S.A. ("Ferrovial Servicios")
a wholly owned subsidiary of
Grupo Ferrovial, S.A. ("Ferrovial")
for
Amey plc ("Amey")
Compulsory acquisition of Amey Shares
On 29 May 2003 the board of Ferrovial Servicios announced that the Offer had
become unconditional in all respects. By 3.00 p.m. on 11 June 2003 valid
acceptances of the Offer had been received in respect of a total of 241,157,091
Amey Shares, representing approximately 94.8 per cent. of the existing issued
ordinary share capital of Amey. Having received valid acceptances of the Offer
in respect of over 90 per cent. in value of the Amey Shares to which the Offer
relates, Ferrovial Servicios intends to give notice to those Amey Shareholders
who have not accepted the Offer informing them that it will compulsorily acquire
their Amey Shares by applying sections 428 to 430F of the Companies Act. The
compulsory acquisition procedure is expected to be completed on, or shortly
after, 23 July 2003.
On 16 April 2003, Ferrovial Servicios announced that it had received irrevocable
undertakings to accept the Offer in respect of 82,330,551 Amey Shares,
representing approximately 32.6 per cent. of the existing issued ordinary share
capital of Amey. Valid acceptances have been received in respect of 82,325,551
of the shares subject to these undertakings and are included in the total for
valid acceptances.
Accordingly, Ferrovial Servicios has received valid acceptances or has
outstanding irrevocable commitments to accept the Offer in respect of a total of
241,162,091 Amey Shares, representing approximately 94.8 per cent. of the
existing issued ordinary share capital of Amey.
The Offer remains open for acceptance until the compulsory acquisition process
has been completed. Amey Shareholders who have not yet accepted the Offer are
reminded to complete and return their Form of Acceptance (whether or not their
Amey Shares are held in CREST) as soon as possible to be received by post or
(during normal business hours) by hand by Capita IRG Plc at Corporate Actions,
PO Box 166, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TH.
Consideration in respect of valid acceptances received will be despatched to
accepting Amey Shareholders within 14 days of such receipt.
Neither Ferrovial Servicios nor any person acting, or deemed to be acting, in
concert with Ferrovial Servicios for the purpose of the Offer owned or
controlled any Amey Shares or any rights over such Amey Shares prior to the
commencement of the Offer Period. Save as referred to above, neither Ferrovial
Servicios nor any person acting, or deemed to be acting, in concert with
Ferrovial Servicios for the purposes of the Offer has acquired or agreed to
acquire any Amey Shares or any rights over such Amey Shares during the Offer
Period.
Definitions used in the offer document dated 25 April 2003 have the same meaning
in this announcement, unless the context requires otherwise.
PricewaterhouseCoopers LLP, which is authorised and regulated by the Financial
Services Authority for designated investment business, is acting exclusively for
Ferrovial Servicios and for no one else in relation to the Offer and will not be
responsible to anyone other than Ferrovial Servicios for providing the
protections afforded to clients of PricewaterhouseCoopers LLP or for giving
advice in relation to the Offer or any other matter referred to in this
announcement. PricewaterhouseCoopers LLP is a limited liability partnership
registered in England with registered number OC303525.
The Offer has not been made in or into and will not be capable of acceptance in
or from Canada, Australia or Japan. In addition the Offer has not been made,
directly or indirectly, in or into, or by use of the mails or by any means or
instrumentality (including, without limitation, by means of telephone,
facsimile, telex, internet or other forms of electronic communication) of
interstate or foreign commerce of, or by any facilities of a national securities
exchange of, the United States and the Offer will not be capable of acceptance
by any such use, means, instrumentality or facility or from within the United
States. Accordingly, copies of this announcement are not being, and must not
be, mailed or otherwise forwarded, distributed or sent in, into or from the
United States. Custodians, nominees and trustees should observe these
restrictions and should not send or distribute this announcement in or into the
United States, Canada, Australia or Japan.
This information is provided by RNS
The company news service from the London Stock Exchange
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