Last checked at 19 Sep 2011 07:30
Invista Foundation Property Trust Limited
Offer update
19 September 2011
This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.
On 19 August 2011, Invista Foundation Property Trust Limited (the "Company") announced that it had received an approach in relation to a possible offer for the Company from Picton Property Income Limited.
In accordance with Rule 2.6(a) of the Code, Picton Property Income Limited must, by not later than 5.00 p.m. on 17 October 2011, either announce a firm intention to make an offer for the Company including the terms of that offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
A further announcement will be made in due course.
For further information please contact:
Numis Securities Limited
Tel: 020 7260 1000
Heraclis Economides
David Benda
Hugh Jonathan
Financial Dynamics
Tel: 020 7269 7160
Stephanie Highett
Richard Sunderland
Olivia Goodall