Mears Regulatory News (MER)

25 Apr 2007 16:20

Mears Group PLC25 April 2007 Not for release, distribution or publication in whole or in part in, into orfrom the United States, Canada, Australia, the Republic of South Africa, NewZealand, the Republic of Ireland or Japan or any other jurisdiction if to do sowould constitute a violation of the relevant laws of such jurisdiction. Mears Group PLC ("Mears" or the "Company") Compulsory Acquisition of Shares in Careforce Group plc ("Careforce") On 5 March 2007, the boards of Mears and Careforce announced that they hadreached agreement on the terms of a recommended offer to be made by Mears forthe entire issued and to be issued share capital of Careforce ("Offer"). The Offer was declared wholly unconditional on 4 April 2007 and Mears now owns,or has received valid acceptances in respect of, more than 90 per cent. of theCareforce Shares to which the Offer relates. Accordingly, Mears has implemented the procedure set out in sections 420 to 430F(inclusive) of the Companies Act 1985 to acquire compulsorily all of theoutstanding Careforce Shares which it has not already acquired, contracted to acquire or in respect of which it has not already received valid acceptances. Expressions used in this announcement, unless the context otherwise requires,bear the same meaning as in the Offer Document. END Enquiries InvestecKeith AndersonDaniel Adams 020 7597 5970 Investec Investment Banking, a division of Investec Bank (UK) Limited, which isauthorised and regulated in the United Kingdom by the Financial ServicesAuthority, is acting as financial adviser and broker to Mears and no one else inconnection with the Offer and will not be responsible to anyone other than Mearsfor providing the protections afforded to clients of Investec nor for providingadvice in connection with the Offer or the contents of this announcement or anymatter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange