16 Sep 2019 07:00
Stilo International plc
16 September 2019
Result of Tender Offer
The Company is pleased to announce the results of the Tender Offer and that pursuant to the Tender Offer, which closed in accordance with its published timetable at 1.00 p.m. on 13 September 2019, valid tenders have been received for 510,710 Ordinary Shares.
As announced on 23 August 2019 the completion of the Tender Offer is conditional, inter alia, on the approval by Shareholders of all the Resolutions to be tabled at the General Meeting, which is scheduled for 11.00 a.m. on 30 September 2019.
Subject to the above, all valid tenders will be satisfied in full.
The Tender Offer will also not proceed if any of the conditions specified in paragraph 1 of Part II of the Circular are not satisfied and the Tender Offer may be terminated in the circumstances described in paragraph 22 of Part II of the Circular. If the Tender Offer does not proceed or is terminated once it is made, the Company will make an announcement through a Regulatory Information Service.
The posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019. The crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019.
Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 23 August 2019 ("Circular") unless otherwise stated.
ENQUIRIES
Stilo International plcLes Burnham, Chief ExecutiveT +44 (0)1793 441444
| SPARK Advisory Partners(Nominated Adviser)Neil Baldwin T +44 (0) 203 368 3554Mark Brady T +44 (0) 203 368 3551
SI Capital (Broker) Nick Emerson
T +44 (0) 1483 413500
|