New World Oil And Gas Regulatory News (NEW)

13 Jul 2006 07:01

Newcourt Group plc13 July 2006 NEWCOURT GROUP PLC Statement re Possible Offer 13 July 2006 Further to recent speculation, Newcourt Group plc ("Newcourt") confirms it is indiscussions with Ely Property Group plc ("Ely" or the "Company"), which may ormay not lead to an offer for the entire issued share capital of Ely. Atransaction, if agreed, is expected to be funded from a combination ofNewcourt's internal resources, external debt and a market placing of Newcourtshares. There can be no certainty whether an offer will be made nor as to theterms on which any offer might be made. These discussions are consistent with Newcourt's stated strategy of pursuingvalue creating acquisition opportunities in key growth segments of theoutsourced services markets. Ely is a specialist in property management andfacilities management in Ireland and the UK with particular emphasis in thestudent accommodation, pre-school learning and private healthcare markets. 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 such is the case) theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. Any person who is the holder of 1 per cent or more of any class of shares in theCompany may be required to make disclosures pursuant to Rule 8.3 of the IrishTakeover Panel Act 1997, Takeover Rules 2001 to 2006. This information is provided by RNS The company news service from the London Stock Exchange