Jardine Matheson: Partial Offer Wholly Unconditional
07 November 2011 - 8:38PM
Dow Jones News
Jardine Matheson Holdings Ltd. (J36.SG) said Monday that as at
1300 GMT on Nov. 4 its subsidiary, JMH Investments Ltd., or JMHI,
had received valid acceptances in respect of a total 127.84 million
Jardine Lloyd Thompson Group Ltd. (JLT.LN) shares, or 58.6577%.
MAIN FACTS:
-All conditions to the partial offer have now been satisfied or
waived and, accordingly, the offer is unconditional in all
respects.
-Offer was substantially over-accepted; JLT shareholders who
accepted partial offer in respect of the relevant percentage of
their registered holding or less, will have their acceptance
satisfied in full.
-JLT shareholders who accepted in respect of all their JLT
shares or less but more than the relevant percentage of their
registered holding will have their acceptances satisfied in respect
of their relevant percentage and their acceptances in excess of the
relevant percentage satisfied to the extent of 1.0027 per cent.
-JLT shares at 0905 GMT down 13 pence, or 1.7%, at 748 pence
valuing the company at GBP1.66 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com
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