INS.L Regulatory News (INS)

28 Jun 2005 17:27

Eagerport Limited28 June 2005 Immediate Release 28 June 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 Level of Acceptances Update On 20 June 2005, Eagerport Limited (the "Offeror") announced that, as at 1:00p.m. (London time) on 17 June 2005, valid acceptances of the Offer had beenreceived in respect of 95,644,845 Infast Shares, representing approximately83.64 per cent of the entire existing issued ordinary share capital of Infastand that the Offer was being extended and the next closing date for the Offerwill be 1.00 p.m. (London time) on 8 July 2005. In that announcement, the Offeror stated that 4,935,000 Infast Shares,representing approximately 4.32 per cent of the entire existing issued ordinaryshare capital of Infast, were the subject of a non binding letter of intent toaccept the offer from Societe Generale Asset Management UK Limited and thatfurther clarification was being sought as to the extent to which these InfastShares were included in the valid acceptances referred to above. It has now beenconfirmed that valid acceptances of the Offer had been received in respect ofall of the Infast Shares subject to the Societe Generale Asset Management UKLimited letter of intent at 1:00 p.m. (London time) on 17 June 2005 andtherefore formed part of the acceptances referred to above. 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 Tel: +44 (0) 207 466 5000 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. The members of the Anixter Offer Committee accept responsibility for theinformation contained in this announcement. To the best of the knowledge andbelief of the members of the Anixter Offer Committee (who have taken allreasonable care to ensure that such is the case), the information contained inthis announcement for which they accept responsibility is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation. The Offeror Directors, accept responsibility for the information contained inthis announcement relating to the Offeror, the Offeror Directors and theirimmediate families and persons connected with them (within the meaning ofsection 346 of the Act). To the best of the knowledge and belief of the OfferorDirectors (who have taken all reasonable care to ensure that such is the case),the information contained in this announcement for which they acceptresponsibility is in accordance with the facts and does not omit anything likelyto affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange