Extension of Offer
02 Junho 2003 - 4:00AM
UK Regulatory
RNS Number:7701L
Advanced Medical Technologies PLC
02 June 2003
This announcement is not for release, publication or distribution in or into the
United States, Canada, Australia, Japan or the Republic of Ireland
Recommended Offer ("the Offer")
by
British Linen Advisers Limited
on behalf of
Advanced Medical Technologies PLC
for
Lombard Medical PLC
Extension of Offer and level of acceptances
The board of AMT announces that, at 5.30 p.m. on 30 May 2003, being the first
closing date of the Offer, valid acceptances under the Offer had been received
in respect of a total of 39,614,788 Lombard Shares, representing approximately
73.2 per cent. of the existing issued share capital of Lombard*. Prior to
making the Offer, AMT had received irrevocable undertakings to accept the Offer
in respect of 28,498,337 Lombard Shares, representing approximately 52.7 per
cent. of the issued share capital of Lombard. Valid acceptances have been
received in respect of all the shares subject to these undertakings and are
included in the total for valid acceptances.
Accordingly, AMT now either owns**, or has received valid acceptances in respect
of a total of 39,614,788 Lombard Shares, representing approximately 73.2 per
cent. of the existing issued share capital of Lombard.
AMT announced on 27 May 2003 that all conditions to the Offer had been either
satisfied or waived and therefore the Offer had as of that date been declared
unconditional in all respects. However, the Offer will remain open for
acceptances until further notice and at least until 3.00 p.m. on 14 June 2003.
Lombard Shareholders who have not yet accepted the Offer should complete and
return their Forms of Acceptance to Northern Registrars Limited by post or by
hand to Northern House, Woodsome Park, Fenay Bridge, Huddersfield, HD8 0LA as
soon as possible.
Words and expressions used in this press release shall bear the same respective
meanings as defined in the Offer Document sent to Lombard Shareholders, dated 9
May 2003, unless the context otherwise requires.
Enquiries
AMT 020 7710 4500
Tony Canning
British Linen Advisers 020 7710 8800
Richard Davies
Tavistock Communications 020 7600 2288
David Foxman
*Includes acceptances received from members of the Concert Party in respect of
20,880,010 Lombard Shares representing approximately 38.6 per cent. of the
existing issued share capital of Lombard.
**Prior to the commencement of the Offer Period, AMT and the Concert Party
either owned or controlled 20,880,010 Lombard Shares representing approximately
38.6 per cent. of the existing issued share capital of Lombard. Neither AMT nor
the Concert Party has acquired or agreed to acquire any Lombard Shares or rights
over Lombard Shares during the Offer Period (otherwise than through the
acceptance of the Offer, as described above).
Neither AMT, nor any person acting in concert with it, has acquired any Lombard
Shares or rights over Lombard Shares during the course of the Offer period
(otherwise than through the acceptance of the Offer, as described above).
The directors of AMT accept responsibility for the information contained in this
announcement, save that the only responsibility accepted by them in respect of
the information in this announcement relating to Lombard (which has been
compiled from published sources) is to ensure that such information has been
correctly and fairly reproduced and presented. Subject as aforesaid, to the
best of the knowledge and belief of the directors of AMT (who have taken all
reasonable steps to ensure that such is the case), the information contained in
this announcement for which they are responsible is in accordance with the facts
and does not omit anything likely to affect the import of such information.
British Linen Advisers, which is authorised and regulated in the UK by the
Financial Services Authority, is acting as financial adviser to AMT and no one
else in connection with the Offer and the other matters described in this
announcement and will not be responsible to anyone other than to AMT for
providing the protections afforded to customers of British Linen Advisers, nor
for providing advice in relation to the Offer or any other matters described in
this announcement.
The Offer is not being made, directly or indirectly, in or into the United
States, Canada, Australia, Japan or the Republic of Ireland or by the use of the
mails of, or by any means or instrumentality of interstate or foreign commerce
of, or any facility of a national securities exchange of any of those
jurisdictions and the Offer should not be accepted by any such use, means,
instrumentality or facility or from within the United States, Canada, Australia,
Japan or the Republic of Ireland. This includes, but is not limited to, the
post, facsimile transmissions, telex, telephone, e-mail and the internet.
Accordingly, copies of this announcement and any related documents are not being
sent and must not be mailed or otherwise distributed or sent in, into or from
the United States, Canada, Australia, Japan or the Republic of Ireland. Persons
receiving such documents (including, without limitation, custodians, nominees,
and trustees) should not distribute or send them in, into or from the United
States, Canada, Australia, Japan or the Republic of Ireland or use United
States, Canadian, Australian, Japanese or Irish mails or any such means,
instrumentality or facility for any purpose, directly or indirectly, in
connection with the offer. Doing so may invalidate any related purported
acceptance of the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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