RNS Number:8873Y
Evolution Group PLC
19 July 2002

19 July 2002


Not for release, publication or distribution in or into the United States,
Canada, Japan or Australia.


                            THE EVOLUTION GROUP PLC


                     RECOMMENDED MERGER WITH BEESON GREGORY


                                  OFFER UPDATE


Evolution announces that, acceptances of the Merger Offer for Beeson Gregory
having now been received in respect of in excess of 90% of the Beeson Gregory
Shares to which the Merger Offer relates, notices are today being despatched to
those Beeson Gregory Shareholders who have not yet accepted the Merger Offer,
pursuant to which Evolution is exercising its rights to acquire compulsorily the
remaining Beeson Gregory Shares to which the Merger Offer relates in accordance
with the provisions of sections 428 to 430F (inclusive) of the Act.

Evolution is today also writing to the holders of options over Beeson Gregory
Shares with appropriate proposals in relation to those options.

As stated in previous announcements, application has already been made for
cancellation of the trading of Beeson Gregory Shares on the London Stock
Exchange's market for listed securities and the listing of Beeson Gregory Shares
on the Official List of the UKLA and it is anticipated that such cancellations
will take effect on 22 August 2002.

The Merger Offer remains open for acceptance until further notice.


Enquiries:

The Evolution Group PLC                              Tel: 020 7220 4800
Alex Snow
Richard Griffiths
Graeme Dell

Altium Capital Limited                               Tel: 020 7484 4040
Garry Levin
Ben Bailey
Sam Fuller


Terms defined in the Offer Document dated 13 June 2002, have the same meaning in
this press release unless the context otherwise requires.

Altium Capital is acting for Evolution and no one else in connection with the
Merger Offer and will not be responsible to anyone other than Evolution for
providing the protections afforded to clients of Altium Capital, or for
providing advice in relation to the Merger Offer or the New Evolution Shares.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
Beeson Greg.Grp (LSE:BGG)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Beeson Greg.Grp Charts.
Beeson Greg.Grp (LSE:BGG)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Beeson Greg.Grp Charts.