Toscafund Asset Management LLP Further re offer (3095D)
28 January 2015 - 6:00PM
UK Regulatory
TIDMASOG
RNS Number : 3095D
Toscafund Asset Management LLP
28 January 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
28 JANUARY 2015
For immediate release
RECOMMENDED CASH OFFER FOR AVANTA SERVICED OFFICE GROUP PLC BY
TOSCA VEHICLE LIMITED
NOTICE OF CLOSURE OF OFFER
Further to the announcement made by Avanta Serviced Office Group
plc ("Avanta") on 14 January 2015 that it had applied to the London
Stock Exchange for the cancellation of trading in Avanta Shares on
AIM (the "Cancellation"), to be effective at 7 a.m. on 12 February
2015, Tosca Vehicle Limited ("TVL") announces that the Offer will
close to acceptances at 5 p.m. on 11 February 2015.
The Cancellation will significantly reduce the liquidity and
marketability of any Avanta Shares held by persons who have not
accepted the Offer and Avanta Shareholders should be aware that
there may be no future market for Avanta Shareholders to realise
their investment in Avanta.
Terms used but not defined in this announcement shall have the
meaning given to them in the Offer Document dated 10 December
2014.
Enquiries:
Toscafund Asset Management LLP Tel: +44(0) 207
Nigel Gliksten 845 6100
Whitman Howard Limited (financial Tel: +44(0) 207
adviser to TVL) 087 4550
Ranald McGregor-Smith
Nick Lovering
Avanta Serviced Office Group Tel: +44 (0)
plc 20 3008 6000
Daniel Taylor, Chairman
Alan Pepper, Chief Executive
Officer
Shore Capital and Corporate Tel: +44 (0)
Limited 207 408 4090
(Rule 3 financial adviser to
Avanta)
Stephane Auton
Patrick Castle
Weber Shandwick Tel: +44 (0)
Nick Oborne 207 367 5100
Whitman Howard Limited is authorised and regulated in the United
Kingdom by the Financial Conduct Authority. Whitman Howard Limited
is acting as financial adviser exclusively for Toscafund and TVL
and no-one else in connection with the matters set out in this
announcement and will not regard any other person as its client in
relation to the matters referred to in this announcement and will
not be responsible to anyone other than Toscafundand TVL for
providing the protections afforded to clients of Whitman Howard
Limited, nor for providing advice in relation to any matter
referred to herein.
Shore Capital and Corporate Limited, which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for Avanta and for no-one else in connection
with the Offer and will not be responsible to anyone other than
Avanta for providing the protections afforded to clients of Shore
Capital and Corporate Limited nor for providing advice in relation
to the Offer or any other matter or arrangement referred to in this
announcement.
This announcement is for information purposes only. It is not
intended to and does not constitute, or form part of, an offer or
invitation or the solicitation of any offer to sell or purchase any
securities or the solicitation of any offer to otherwise acquire,
subscribe for, sell or otherwise dispose of any security pursuant
to the Offer or otherwise. The Offer will be made solely by means
of the Offer Document and, in respect of Avanta Shares held in
certificated form, the Form of Acceptance, which will contain the
full terms and conditions of the Offer, including details of how
the Offer may be accepted. Any decision in respect of, or other
response to, the Offer should be made only on the basis of the
information contained in those documents.
This announcement does not constitute a prospectus or prospectus
equivalent document.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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