Trainline Regulatory News (TRN)

24 Jan 2005 17:16

Trio Holdings PLC24 January 2005 Trio Holdings Plc ("Trio" or the "Company") Following the recent movement in the Company's ordinary share price Trioannounces that it is in discussions with a Private Equity consortium, includingcertain members of the management of Trio's subsidiaries, which may or may notlead to an offer being made for the Company's entire issued and to be issuedshare capital at a price of 32 pence in cash per Trio ordinary share. Trioshareholders should note that disclosure of the price at which this indicativeoffer has been made has been disclosed solely at the instigation of thedirectors of Trio. Given that discussions are at a preliminary stage, there canbe no assurance that a formal offer will be announced at this price, or at all. Further announcements will be made as appropriate in due course. Pursuant to Rule 2.10 of the City Code on Takeovers and Mergers, Trio announcesthat it has 83,484,325 ordinary shares in issue (ISIN: GB0008946781). Enquiries David Hagan, Trio Holdings PLC 020 7946 9100 Jonathan Hinton/David Kent, Deloitte 020 7936 3000 This information is provided by RNS The company news service from the London Stock Exchange