International Cons Airlines Group Statement on possible cash offer for Aer Lingus (0944D)
26 January 2015 - 7:01PM
UK Regulatory
TIDMIAG TIDMAERL
RNS Number : 0944D
International Cons Airlines Group
26 January 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO
MAKE AN OFFER UNDER RULE 2.5 OF THE IRISH TAKEOVER PANEL ACT, 1997,
TAKEOVER RULES 2013 ("IRISH TAKEOVER RULES") AND THERE CAN BE NO
CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH
ANY OFFER WILL BE MADE.
STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER
LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms
it has submitted an improved proposal to make an offer for Aer
Lingus. The proposal consists of an offer of EUR2.55 per share,
structured as a cash payment of EUR2.50 per share, payable upon
completion, in addition to an ordinary dividend of EUR0.05 per
share. The proposal is subject to certain pre-conditions.
There can be no certainty that any further proposal or offer
will be forthcoming. A further statement will be made if and when
appropriate.
IAG Investor Relations
26 January 2015
The Directors of IAG accept responsibility for the information
contained in this announcement. To the best of their knowledge and
belief (having taken all reasonable care to ensure that such is the
case), the information contained in this announcement for which
they accept responsibility is in accordance with the facts and does
not omit anything likely to affect the import of such
information.
This announcement does not constitute an announcement of a firm
intention to make an offer under Rule 2.5 of the Irish Takeover
Panel Act, 1997, Takeover Rules 2013 (Irish Takeover Rules). A
person interested in (as defined in the Irish Takeover Rules) 1% or
more of any class of relevant securities of Aer Lingus may have
disclosure obligations under Rule 8.3 of the Irish Takeover Rules,
effective from the date of this announcement.
A copy of this announcement will be available on the IAG website
at www.iagshares.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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