New World Oil And Gas Regulatory News (NEW)

27 Jul 2006 17:52

Newcourt Group plc27 July 2006 Not for release, publication or distribution, in whole or in part, in or into or from Australia, Canada, Japan or the United States Newcourt Group plc Recommended Cash Offer for Ely Property Group plc Offer Document Newcourt Group plc ('Newcourt') wishes to clarify that the aggregate of thenominal value and premium to be credited as fully paid up on issue of each NonTransferable Convertible Preference Share, as described in the Offer Documentdated 24 July 2006, is estimated at €5.20. Davy Corporate Finance, financialadviser to Newcourt advised that, based on market conditions at 24 July, 2006(the latest practicable date prior to the posting of the Offer Document), in itsopinion, if the Non Transferable Convertible Preference Shares had been in issueon that date, their estimated value would have been not less than €3.90. Newcourt also wishes to confirm that the Non Convertible Preference ShareAlternative will remain open for acceptance for at least 14 days after theInitial Closing Date. Terms defined in the Offer Document have the same meanings in this announcement. Enquiries: Davy Corporate Finance Telephone: +353 1 679 6363 Ivan Murphy Brian Corr Davy Corporate Finance, which is regulated in Ireland by the FinancialRegulator, is acting for Newcourt and no one else in connection with the Offerand will not be responsible to anyone other than Newcourt for providing theprotections afforded to clients of Davy Corporate Finance nor for providingadvice in relation to the Offer, the contents of this document or anytransaction or arrangement referred to herein. The availability of the Offer to persons outside Ireland may be affected by thelaws of the relevant jurisdiction. Such persons should inform themselves aboutand observe any applicable requirements. The Offer will not be made, directly orindirectly, in or into any jurisdiction where it would be unlawful to do so, orby use of the mails, or by any means or instrumentality (including, withoutlimitation, telephonically or electronically) of interstate or foreign commerce,or by any facility of a national securities exchange of any jurisdiction whereit would be unlawful to do so, and the Offer will not be capable of acceptanceby any such means, instrumentality or facility from or within any jurisdictionwhere it would be unlawful to do so. Accordingly, copies of this announcementand all other documents relating to the Offer are not being, and must not be,mailed or otherwise forwarded, distributed or sent in, into or from anyjurisdiction where it would be unlawful to do so. Persons receiving suchdocuments (including, without limitation, nominees, trustees and custodians)should observe these restrictions. Failure to do so may invalidate any relatedpurported acceptance of the Offer. Notwithstanding the foregoing restrictions,Newcourt reserves the right to permit the Offer to be accepted if, in its solediscretion, it is satisfied that the transaction in question is exempt from ornot subject to the legislation or regulation giving rise to the restrictions inquestion. The directors of Newcourt accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the directors ofNewcourt (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. Any person who is the holder of 1 per cent. or more of any class of shares inEly or Newcourt may be required to make disclosures pursuant to Rule 8.3 of theTakeover Rules. This information is provided by RNS The company news service from the London Stock Exchange