RNS Number:7882Q
Tata Motors Limited
02 September 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
IN OR INTO AUSTRALIA, CANADA OR JAPAN
FOR IMMEDIATE RELEASE 2 SEPTEMBER 2005
RECOMMENDED CASH OFFER BY CLOSE BROTHERS CORPORATE FINANCE LIMITED ON BEHALF OF
TATA TECHNOLOGIES, INC. (AN INDIRECT SUBSIDIARY OF TATA MOTORS LIMITED), FOR
INCAT INTERNATIONAL PLC AT 220 PENCE FOR EACH INCAT INTERNATIONAL PLC SHARE
OFFER DOCUMENT POSTED
Tata Technologies, Inc. announces that the Offer Document, in relation to the
recommended cash offer (the "Offer") by Close Brothers Corporate Finance Limited
("Close Brothers") on behalf of Tata Technologies, Inc. to acquire the issued
and to be issued share capital of INCAT International Plc ("INCAT"), has been
posted today.
As set out in the Offer Document, INCAT Shareholders should complete and return
the Form of Acceptance so as to be received no later than 1.00 p.m. (London
time) on 3 October 2005, the first closing date of the Offer.
Terms used in this announcement shall have the same meaning as set out in the
Offer Document.
ENQUIRIES
Tata Motors
Praveen Kadle +91 22 5665 7233
(Executive Director, Finance & Corporate Affairs)
Tata Technologies
Patrick McGoldrick +91 20 5652 9031
(Chief Executive Officer)
Close Brothers
Simon Willis +44 20 7655 3100
(Director)
James Davies
(Assistant Director)
Close Brothers, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting for Tata Motors Limited and Tata
Technologies, Inc. and no one else in connection with the Offer and will not be
responsible to anyone other than Tata Motors and Tata Technologies, Inc. for
providing the protections afforded to clients of Close Brothers nor for
providing advice in relation to the Offer.
Unless otherwise determined by Tata Technologies, Inc. and permitted by
applicable law and regulation, the Offer will not be made, directly or
indirectly, in or into, or by the use of the mails or by any means or
instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce of, or any facility of a
national securities exchange, of a Restricted Jurisdiction and the Offer will
not be capable of acceptance by any such use, means, instrumentality or facility
or from within a Restricted Jurisdiction. 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 or from a Restricted
Jurisdiction and persons receiving this announcement (including custodians,
nominees and trustees) must not mail or otherwise forward, distribute or send it
in or into or from a Restricted Jurisdiction. Doing so may render invalid any
purported acceptance of the Offer. The availability of the Offer to persons who
are not resident in the United Kingdom may be affected by the laws of the
relevant jurisdictions. Persons who are not resident in the United Kingdom
should inform themselves about and observe any applicable requirements.
This announcement does not constitute an offer or an invitation to purchase or
subscribe for any securities. The Offer has been made solely by the Offer
Document and the Form of Acceptance which contains the full terms and conditions
of the Offer (including details of how it should be accepted).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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