Closing of offer
27 Junho 2003 - 10:30AM
UK Regulatory
RNS Number:8861M
Advanced Medical Technologies PLC
27 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
Closing of offer and level of acceptances
The board of AMT announced on 27 May 2003 that the Offer had been declared
unconditional in all respects and on 10 June 2003 it announced that valid
acceptances under the Offer had been received in respect of 40,763,391 Lombard
Shares, representing approximately 75.4 per cent. of the existing issued
ordinary share capital of Lombard.
The board of AMT announces that, at 3.00 p.m. on 26 June 2003, valid acceptances
had been received in respect of 42,050,239 Lombard Shares, representing
approximately 77.7 per cent. of the 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 42,050,239 Lombard Shares, representing approximately 77.7 per
cent. of the existing issued share capital of Lombard.
The board of AMT announces today that both the Offer and Subscription Offer will
close on 11 July 2003 and will not be extended.
On 11 June 2003 holders of Warrants were circulated with a proposal to acquire
their Warrants. Warrants which have not been acquired by AMT under such
proposal will lapse on 11 July 2003. In addition, appropriate proposals have
also been made to participants in the Share Option Schemes.
The board of AMT also announces that, in accordance with the intention stated in
the Offer Document sent to Lombard Shareholders, dated 9 May 2003, Lombard will
apply today to the London Stock Exchange for the cancellation of admission to
AIM of Lombard Shares.
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, and in any event no later than 5.00 p.m. on 11 July 2003.
Words and expressions used in this press release shall bear the same respective
meanings as defined in the Offer Document 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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