Brent International - Offer Partly Unconditional
12 August 1999 - 5:35PM
UK Regulatory
RNS No 9005e
BRENT INTERNATIONAL PLC
12 August 1999
Not for release, publication or distribution in or into
the United States or Canada
Chemetall GmbH
Recommended Cash Offer for Brent International PLC by
Warburg Dillon Read on behalf of Chemetall GmbH
Chemetall GmbH ("Chemetall"), a wholly-owned subsidiary of
Dynamit Nobel AG, announces that the recommended cash
offer by Warburg Dillon Read on behalf of Chemetall to
acquire the entire issued and to be issued share capital
of Brent International PLC ("Brent") as set out in the
offer document dated 21 July 1999 has become unconditional
as to acceptances. The Offer remains open for acceptance
until further notice.
By 3.00 p.m. on 11 August 1999, valid acceptances of the
Offer had been received in respect of 61,374,647 Brent
Ordinary Shares, representing approximately 90.52 per
cent. of the issued ordinary share capital of Brent. This
includes 22,539,705 shares, equivalent to approximately
33.3 per cent. of the issued ordinary share capital of
Brent, in respect of which Chemetall had received
irrevocable undertakings to accept the Offer.
Save as disclosed above, neither Chemetall nor any persons
deemed to be acting in concert with Chemetall held any
Brent Ordinary Shares, or any rights over such shares,
immediately prior to or since the commencement of the
Offer Period.
Terms defined in the offer document dated 21 July 1999
have the same meanings when used herein unless the context
requires otherwise.
Enquiries:
Chemetall
Ernst-Joachim Molter Tel: +49 69 71650
Warburg Dillon Read
Simon Raynor Tel: +44 171 567 8000
Clive Beattie
Warburg Dillon Read, the investment banking division of
UBS AG, is acting for Dynamit Nobel AG and Chemetall GmbH
and for no one else in connection with the Offer and will
not be responsible to anyone other than Dynamit Nobel AG
and Chemetall GmbH for providing the protections afforded
to customers of Warburg Dillon Read nor for providing
advice in relation to the Offer.
END
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