Debenture Tender Offer
18 January 2001 - 9:42PM
UK Regulatory
RNS Number:4249X
Hemingway Properties Ld
18 January 2001
Hemingway Properties Limited
18 January 2001
Clarification of discussions concerning disposal of 10.375% First Mortgage
Debenture Stock 2023 (the "stock") and informal stockholders meeting.
Hemingway Properties Limited (the "company") and its parent (First Sloane Street
Limited the "parent", and together with the company, the "group")) confirm that
they had discussions with Leo Noe regarding the disposal of the stock and the
portfolio of properties on which it is secured, and that they received an offer
in relation thereto, subject to contract, dated 28 November 2000. At no time
prior to the launch of the tender on 9 January 2001 and the associated RNS
announcement had the company been informed that Leo Noe's offer had been
withdrawn.
Following press coverage of the tender and background the group has, over the
past week, received initial approaches from two further third parties.
An informal meeting between the company and stockholders to discuss the tender
has been scheduled for 12.00 noon on Thursday 18 January at the offices of the
Association of British Insurers at 51 Gresham Street, London EC2V 7HQ.
This statement does not affect the terms of the tender announced on 9 January
2001.
For further information please contact Andrew Dowler or Stephanie Highett of
Financial Dynamics on (020) 7831 3113
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