Possible Offer for Company
November 10 2003 - 5:20AM
UK Regulatory
RNS Number:8607R
Barlo Group PLC
10 November 2003
Barlo Group plc
Statement from Chairman of Committee of the Board
Regarding Possible Offer for the Company
The Company has been in an offer period since 11th July, 2003 when an
announcement was made concerning an initial approach received from a potential
offeror, Dr. Anthony Mullins, the Chief Executive of Barlo Group plc ("Barlo" or
the "Group"). A committee of the board comprising Mr. John Farrell and myself
(the "Committee") was formed to deal with the approach. AIB Corporate Finance
Limited was appointed to provide the Group with independent financial advice
under Rule 3 of the Rules of the Irish Takeover Panel.
The Committee is engaged in a process with the possible offeror with a view to
establishing if an offer capable of recommendation to the shareholders will be
forthcoming.
Shareholders should not assume that a recommended offer will be made arising
from the process described above.
A further announcement will be made in due course.
Niall Carroll
Chairman
Committee of the Board
10th November, 2003
Enquiries:
Mon O'Driscoll Managing Director, AIB Corporate Finance Tel: + 353 1 667 0233
Mr. Niall Carroll Chairman, Barlo Group plc Tel: + 353 1 260 0966
Mr. Jim Milton Murray Consultants Limited Tel: + 353 1 498 0345
Mob: + 353 86 255 8400
Mr. Tom Byrne Murray Consultants Limited Tel: + 353 1 498 0339
Mob: +353 86 810 4224
AIB Corporate Finance Limited, which is regulated in Ireland by the Irish
Financial Services Regulatory Authority under the Investment Intermediaries Act
1995, is acting for Barlo and for no one else in relation to the matters
described in this announcement and will not be responsible to anyone other than
Barlo for providing the protections afforded to clients of AIB Corporate Finance
Limited or for providing advice in relation to the matters described in this
announcement.
This announcement does not constitute an offer or an invitation to purchase any
securities.
The Board of Barlo accepts responsibility for the information contained in this
statement.
To the best of the knowledge and belief of the Board (who have taken all
reasonable care to ensure that such is the case), the information contained in
this statement is in accordance with the facts and does not omit anything likely
to affect the import of such information.
This information is provided by RNS
The company news service from the London Stock Exchange
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