INS.L Regulatory News (INS)

4 Aug 2005 09:39

Eagerport Limited04 August 2005 Immediate Release 4 August 2005 This announcement is not for release, publication or distribution in or intoCanada, Australia or Japan. Recommended Cash Offer by KPMG Corporate Finance on behalf of the Offeror, a wholly owned indirect subsidiary of Anixter International Inc. and (in the United States) by the Offeror for Infast Group plc Compulsory Acquisition of Outstanding Infast Shares On 8 July 2005, Eagerport Limited (the "Offeror") declared that the Offer forall of the issued and to be issued ordinary share capital of Infast Group plc("Infast") was unconditional in all respects. The Offeror announces that it has acquired not less than nine-tenths in value ofthe Infast Shares to which the Offer relates and, accordingly, the Offeror istoday implementing the procedure under section 428 to 430F (inclusive) of theCompanies Act 1985, as amended, to acquire compulsorily all of the outstandingInfast Shares which it does not already hold or has not already acquired,contracted to acquire or in respect of which it has not already received validacceptances. The transfer of compulsorily acquired Infast Shares is expected totake place on 15 September 2005. The Offer will remain open for acceptance until further notice. InfastShareholders who have not yet accepted the Offer, and who wish to do so, shouldaccept the Offer as soon as possible. The procedures for acceptance of the Offerare set out on pages 14 to 16 of the Offer Document and in respect ofcertificated holders only, in the Form of Acceptance. Additional copies of theOffer Document and Form of Acceptance can be obtained from Capita Registrars(telephone 0870 162 3121, or +44 (0) 208 639 2157 if telephoning from outsidethe UK). Terms defined in the Offer Document dated 27 May 2005 have the same meaning inthis announcement save where the context requires otherwise. Enquiries: Anixter Dennis Letham Tel: +1 224 521 8601 KPMG Corporate Finance Charles E Cattaneo Tel: +44 (0) 121 232 3356 Buchanan Communications Charles Ryland Tel: +44 (0) 207 466 5000 James Strong KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulatedby the Financial Services Authority for investment business activities, isacting for Anixter and the Offeror as financial adviser in relation to the Offerand is not acting for any other person in relation to the Offer. KPMG CorporateFinance will not be responsible to anyone other than Anixter and the Offeror forproviding the protections afforded to its clients or for providing advice inrelation to the contents of this announcement or any transaction or arrangementreferred to herein. This announcement does not constitute an offer or invitation to purchase anysecurities or the solicitation of an offer to buy any securities, pursuant tothe Offer or otherwise. The Offer is being made solely pursuant to the OfferDocument and the Form of Acceptance accompanying the Offer Document, whichcontain the full terms and conditions of the Offer, including details of how theOffer may be accepted. The Offer is not being made, directly or indirectly, in or into, or by use ofthe mails of, or by any means or instrumentality (including, without limitation,facsimile transmission, electronic mail, telex or telephone) of interstate orforeign commerce of, or any facilities of a national securities exchange ofCanada, Australia, Japan or any jurisdiction where to do so would violate thelaws in that jurisdiction and the Offer will not be capable of acceptance by anysuch use, means, instrumentality or facility, directly or indirectly from orwithin Canada, Australia, Japan or any such jurisdiction. The Offer in the United States is being made solely by the Offeror, and neitherKPMG LLP, KPMG Corporate Finance, nor any of its respective affiliates, ismaking the Offer in the United States. This information is provided by RNS The company news service from the London Stock Exchange