Michelmersh Brick Holdings Regulatory News (MBH)

4 Jun 2007 12:10

Michelmersh Brick Holdings PLC04 June 2007 For immediate release: 04 June 2007 Michelmersh Brick Holdings plc ("Michelmersh") Statement regarding Possible Offer for Baggeridge Brick PLC The Board of Michelmersh has noted the statement released earlier today by theboard of Baggeridge Brick PLC ("Baggeridge") regarding the recommended offer for Baggeridge by Wienerberger Finance Service B.V. The Michelmersh Board confirms that it continues to evaluate a possible offer for Baggeridge at a price of not less than 225 pence for each Baggeridge ordinary share. Michelmersh announced on 16 April 2007 that it had acquired 7.2 million Baggeridge ordinary shares representing 17.43 per cent. of the issued ordinaryshare capital of Baggeridge. On 21 May 2007 Michelmersh announced that it had increased its shareholding to 23.12 per cent. Michelmersh is continuing to seek support to finance a possible offer for theentire issued ordinary share capital of Baggeridge. The Board anticipates thatfinancing will be concluded shortly. An offer by Michelmersh is expected to comprise a share for share offer with afull cash alternative, which will be at a price of not less than 225 pence perBaggeridge ordinary share. This announcement is not an announcement of a firm intention to make an offerand accordingly no certainty can be assumed that an offer will be forthcoming.However if an offer is made it will be on terms no less favourable than as set out in this announcement. Enquiries: Charles Stanley Securities 020 7149 6000 Russell CookAnthony Noakes Tavistock Communications 020 7920 3150 Jeremy CareyRichard Sunderland This information is provided by RNS The company news service from the London Stock Exchange