Mucklow (A & J) Regulatory News (MKLW)

1 Dec 2006 08:34

Mucklow(A.& J.)Group PLC01 December 2006 1 December 2006 This press release is not for distribution into the United States or Italy A&J Mucklow Group PLC ("Mucklow" or the "Company") issued £60m of 11.5%Debenture Stock due 2014 in June 1989 (£30m) and in April 1992 (£30m) (the "Stock", of which £15,902,894 is currently outstanding). As a result of repurchases between February 2003 and February 2005, only £15.9m(26.5%) of the original £60m remains outstanding. • £60,000,000 original outstanding • £44,097,106 total repurchased (73.5%) • £15,902,894 remaining outstanding (26.5%) The Company is now interested in purchasing some or all of the outstanding Stockby private treaty and would like to extend to all holders an opportunity topotentially sell back their holdings. The Company however reserves the right notto purchase any Stock offered. The Company intends to conduct any repurchases on the following basis: • Spread of 0.27 per cent. over the 5.00 per cent. UK Treasury Stock due September 2014 • Indicative price: £1,417.071 per £1,000 nominal based on a benchmark yield of 4.603% (as of 30 November 2006) and settlement of 6 December 2006 Note 1) Any Stock repurchased will settle on an ex-dividend basis in accordancewith the terms of the Stock; holders as of the 1 December 2006 record date willstill be entitled to receive the 1 January 2007 interest payment. The actual price payable to holders wishing to sell their Stock will be based onthe trading level of the relevant UK Treasury Stock at the time of theirtransaction with the Company's agent. Holders wishing to sell their Stockshould contact UBS Limited who is acting as agent for Mucklow. The offer willremain open until 18 December 2006. For further information, please contact: A&J Mucklow Group PLC:Rupert Mucklow - ChairmanTel. +44 121 550 1841 UBS Limited (acting as agent for Mucklow): Duane HebertTel. +44 20 7567 7480duane.hebert@ubs.com This press release does not constitute, or form part of, any solicitation of anyoffer or invitation to sell any securities in any jurisdiction nor shall it (orany part of it), or the fact of its distribution, form the basis of or be reliedon in connection with any contract therefore. No indications of interest in thesolicitation of offers to sell are sought by this press release. Offers topurchase are not made to, and any offers will not be accepted from, or on behalfof, persons in any jurisdiction in which the making of such offers will not bein compliance with the laws or regulations of such jurisdiction. The solicitation of offers to sell with respect to the Stock is not being madeand will not be made directly or indirectly in or into, or by use of the mailof, or by any means or instrumentality of interstate or foreign commerce of, orany facilities of a national securities exchange of, the United States ofAmerica, its territories and possessions, any state of the United States ofAmerica and the District of Columbia (the "United States") or to U.S. persons(each a "U.S. person") as defined in Regulation S under the United StatesSecurities Act of 1933. This includes but is not limited to, facsimiletransmission, electronic mail, telex, telephone and the internet. Accordingly,copies of any documents or material related to such solicitations of offers tosell are not being, and must not be, directly or indirectly, mailed or otherwisetransmitted, distributed or forwarded in or into the United States or to anyU.S. person. Any purported offer in response to such solicitations of offers tosell resulting directly or indirectly from a violation of these restrictionswill be invalid, and offers to sell made by a resident of the United States orany agent, fiduciary or other intermediary acting on a non-discretionary basisfor a principal giving instructions from within the United States or any U.S.person will not be accepted. This information is provided by RNS The company news service from the London Stock Exchange