INS.L Regulatory News (INS)

8 Jul 2005 07:00

Eagerport Limited08 July 2005 Immediate Release 8 July 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 Offer declared unconditional in all respects Further to the announcement on 6 July 2005 by Eagerport Limited (the "Offeror")that the Offer had become unconditional as to acceptances, the Offeror announcesthat all of the remaining conditions of the Offer have now either been satisfiedor waived. Accordingly, the Offer has been declared unconditional in allrespects and will remain open for acceptance until further notice. As stated in the Offer Document, it is the Offeror's intention to procure thatInfast applies to the UK Listing Authority for cancellation of the listing ofthe Infast Shares on the Official List and to the London Stock Exchange forcancellation of trading of Infast Shares on the London Stock Exchange's marketfor listed securities. It is anticipated that cancellation of Infast's listingand admission to trading will take effect no earlier than 8 August 2005.De-listing is likely to reduce significantly the liquidity and marketability ofany Infast Shares in respect of which the Offer has not been accepted. Infast Shareholders who have not yet accepted the Offer, and who wish to do so,should accept the Offer as soon as possible. The procedures for acceptance ofthe Offer are 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. 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