TEI B.V. Offer declared unconditional
July 13 2009 - 3:17AM
UK Regulatory
TIDMSPNV
RNS Number : 5428V
Spazio Investment NV
13 July 2009
Press Announcement for Immediate Release
13 July 2009
Spazio Investment N.V.
("Spazio" or the "Company")
Offer declared unconditional by Terra European Investments B.V.
The Committee has been notified that as at 1.00pm on 10 July 2009, being the
first Closing Date of the Offer, valid acceptances of the Offer had been
received by Terra European Investments B.V. in respect of 8,596,732 Spazio
Ordinary Shares (representing 52.7 per cent. of the Spazio Ordinary Shares to
which the Offer relates and 37.5 per cent. of the issued share capital of
Spazio). In aggregate, the Laxey Group now owns or controls 15,219,972 Spazio
Ordinary Shares representing 66.3 per cent. of the total issued share capital of
Spazio.
In light of the acceptances received, TEI has declared the Offer unconditional
in all respects. The Offer has been extended and will remain open for acceptance
until 1.00pm on 24 July 2009 at which time the Offer will close.
In accordance with the Company's articles of association, the Company confirms
that is has 22,945,847 ordinary shares of EUR0.20 in issue and admitted to trading
on the London Stock Exchange under the ISIN code of NL0000686319.
The definitions used in this Announcement are contained in the Offer Response of
3 July 2009.
+-----------------------------------------+------------------------------------+
| Enquiries | |
| | |
+-----------------------------------------+------------------------------------+
| Spazio Investment N.V | +44 (0) 7802 244 033 |
| John Duggan | |
+-----------------------------------------+------------------------------------+
| | |
+-----------------------------------------+------------------------------------+
| Deutsche Bank - Nominated Adviser and | +44 20 7545 8000 |
| Financial Adviser | |
+-----------------------------------------+------------------------------------+
| Ben Lawrence |
| Situl Jobanputra |
+------------------------------------------------------------------------------+
| | |
+-----------------------------------------+------------------------------------+
| Oriel Securities - Joint Broker | +44 20 7710 7600 |
| Richard Crawley | |
+-----------------------------------------+------------------------------------+
| | |
+-----------------------------------------+------------------------------------+
| Brunswick Group LLP | +44 20 7404 5959 |
| Justine McIlroy | |
+-----------------------------------------+------------------------------------+
Deutsche Bank AG is authorised under German Banking Law (competent authority:
BaFin - Federal Financial Supervisory Authority) and authorised and subject to
limited regulation by the Financial Services Authority. Details about the extent
of Deutsche Bank AG's authorisation and regulation by the Financial Services
Authority are available on request. Deutsche Bank AG is acting as Nominated
Adviser and Financial Adviser to Spazio and no-one else in connection with the
contents of this announcement and will not be responsible to anyone other than
Spazio for providing the protections afforded to the clients of Deutsche Bank AG
nor for providing advice in relation to any matter referred to herein.
Oriel Securities, which is authorised and regulated by the Financial Services
Authority in the United Kingdom, is acting as joint broker to Spazio and no one
else in connection with the contents of this announcement and will not be
responsible to anyone other than Spazio for providing the protections afforded
to clients of Oriel Securities or for providing advice in relation to any matter
referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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