Offer Update
07 July 2010 - 4:00PM
UK Regulatory
TIDMPNE
RNS Number : 9399O
Preston North End PLC
07 July 2010
Preston North End plc
("Preston North End" or the "Company")
Offer Update
The directors of the Company confirm that the initial deadline for shareholders
to respond to the Offer made by Deepdale PNE Holdings Limited's for the ordinary
shares of Preston North End (the "Offer") ended at 1pm today.
As at 5.00pm (London time) on 6 July 2010, Deepdale PNE Holdings Limited had
received valid acceptances of the Offer in respect of 187,803 Preston North End
Shares. Together with the shares already held by Deepdale this represents
approximately 81.15 per cent. of the existing issued share capital of the
Company.
The details of the Offer were announced to the market on 4 June 2010 and 16 June
2010 and are more particularly summarized in the Offer Document dispatched to
shareholders on 16 June 2010 and posted on the Company's website:
www.pnefc.net/page/companydetails.
In accordance with Rule 31.2 of the City Code on Takeovers and Mergers, Deepdale
PNE Holdings Limited confirms that the Offer will remain open until further
notice. Before the Offer is closed, at least 14 days notice will be given to
all Shareholders who have not accepted the Offer.
Shareholders who wish to accept the Offer, and have not yet done so are urged to
do so as soon as possible. The procedure for acceptance is set out in paragraph
13 of Part III of the Offer Document.
Any shareholders who have not received the Offer document should contact
Equiniti Limited on 0871 384 2121 or, if calling from outside the UK, on +44 121
415 0299 between 8.30 a.m. and 5.30 p.m. (London time) Monday to Friday. Any
queries concerning the procedure for the Offer, including any concerning a
change of address or the loss of share certificates should also be directed to
Equiniti Limited.
For further information please contact:
Kevin Abbot, Preston North End plc
Tel: 0844 856 1964
Katy Mitchell, WH Ireland Limited
Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
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