Offer Update
25 March 2003 - 6:30PM
UK Regulatory
RNS Number:1376J
Archer Daniels Midland Intl Ltd
25 March 2003
Embargoed for release at 7.30 a.m. on 25 March 2003
25 March 2003
Not for release, publication or distribution in whole or in part in or into the
United States, Canada, Australia or Japan.
Recommended Cash Offer
by Close Brothers Corporate Finance Limited
on behalf of
Archer Daniels Midland International Limited
for Pura plc
Level of acceptances and extension of the Offer
Archer Daniels Midland International Limited ("ADM International") announces
that by 3.00 p.m. on 24 March 2003, the first closing date of the Offer, valid
acceptances of the Offer had been received in respect of a total of 22,800,038
Pura Shares, representing approximately 52.0 per cent. of the issued ordinary
share capital of Pura.
ADM International also announces that the Offer has been extended until 3.00
p.m. on 7 April 2003.
ADM International already owns 12,412,429 Pura Shares, representing
approximately 28.3 per cent. of the issued ordinary share capital of Pura.
Therefore ADM International has acquired or agreed to acquire in total
35,212,467 Pura Shares, representing approximately 80.3 per cent. of the issued
ordinary share capital of Pura.
Prior to making the Offer, ADM International received irrevocable undertakings
to accept the Offer from certain Pura shareholders in respect of a total of
11,465,846 Pura Shares, representing approximately 26.2 per cent. of the
existing issued ordinary share capital of Pura. As at 3.00 p.m. on 24 March
2003, valid acceptances had been received pursuant to these undertakings and are
included in the valid acceptances disclosed above.
Pura Shareholders who have not yet accepted the Offer, and wish to do so, should
despatch their Forms of Acceptance as soon as possible, but, in any event, so as
to be received by no later than 3.00 p.m. on 7 April 2003.
Save as disclosed above, (a) neither ADM International nor any person deemed to
be acting in concert with ADM International for the purpose of the Offer owned
or controlled any Pura Shares, or any rights over such Pura Shares immediately
prior to 7 February 2003, being the commencement of the Offer Period; and (b)
neither ADM International nor any person deemed to be acting in concert with ADM
International for the purpose of the Offer has acquired or agreed to acquire any
Pura Shares (or rights over Pura Shares) during the Offer Period.
The expressions in this announcement, unless the context otherwise requires,
bear the same meaning as in the Offer Document dated 3 March 2003.
Enquiries:
ADM International Limited Tel: +49 40 533 026 010
John Stott
Kevin Burgard
Close Brothers Corporate Finance Limited Tel: +44 (0)207 655 3100
Sir Mark Wrightson, Co-Chairman
Ross Christie, Assistant Director
The availability of the Offer to persons not resident in the United Kingdom may
be affected by the laws of their relevant jurisdiction. Persons who are not
resident in the UK should obtain their own advice and observe any applicable
legal and regulatory requirements. The Offer is not being made, directly or
indirectly, in or into, or by use of the mails, or by any means or
instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or any facilities of a
securities exchange, of the United States, Australia, Canada or Japan, and the
Offer is not capable of acceptance by any such use, means, instrumentality or
facility from within the United States, Australia, Canada or Japan. Accordingly,
copies of this announcement are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed or sent in or into the
United States, Australia, Canada or Japan and persons receiving this
announcement (including custodians, nominees and trustees) must not mail or
otherwise forward, distribute or send it in or into the United States,
Australia, Canada or Japan. Doing so may render invalid any purported acceptance
of the Offer.
Close Brothers, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for ADM International and no one else
in connection with the Offer and will not be responsible to any person other
than ADM International for providing the protections afforded to its customers
or for providing advice in relation to the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
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