Result of Tender Offer

7 May 2008 08:00

Arlington Group Ltd07 May 2008 Arlington Group Limited ("Arlington" or the "Company") Result of Tender Offer The Board of Arlington is pleased to announce the result of the Tender Offerreferred to in the circular sent to Shareholders of the Company dated 9 April2008. This offer closed in accordance with its timetable on 6 May 2008. A total of 6,892,955 Ordinary Shares were validly tendered pursuant to theTender Offer which equates to 12.54 per cent. of the Enlarged Issued ShareCapital. Following completion of the Tender Offer and cancellation of theOrdinary Shares, the Company will have a total of 48,051,473 Ordinary Shares inissue. As of 8 April 2008, immediately prior to the announcement of the Tender Offer,the Directors beneficially owned or were interested in an aggregate of45,651,429 Ordinary Shares. These holdings represented 84.6 per cent. of theOrdinary Shares then in issue. Following completion of the Tender Offer NicholasBarham as a Director will retain an interest in the Company, in accordance withhis undertaking not to accept, or procure the acceptance of, the Tender Offer inrespect of 44,640,387 of the Ordinary Shares beneficially owned or controlled byhim; Colin Hill as a Director retains an interest in 152,000 shares. Theshareholdings of the Directors are as follows: Tender Offer opens On Completion of the Tender Offer Directors Position Number of Percentage Number of Percentage Ordinary of Ordinary Shares of Issued Shares Existing Share Issued Capital Share following Capital Completion of the Tender Offer Nicholas Barham Chairman 45,301,429* 83.96% 44,640,387 92.90%Colin Hill Non-executive 1,338,789** 2.48% 152,000 0.32% directorPaul Smith Non-executive 0 0% 0 0.00% director * Mr Nicholas Barham's interest of 45,301,429, is made up of 44,640,387 OrdinaryShares owned and controlled by him and 661,042 Ordinary Shares in which he onlyhas an interest. **Mr Colin Hill's interest of 1,338,789, is made up of 350,000 Ordinary Sharesheld on 9 April 2008 and a further 988,789 Ordinary Shares acquired followingthe exercise of options as announced on 2 May 2008. It is anticipated that crediting of CREST accounts will take place on, andconsideration for the tendered Ordinary Shares purchased under the Tender Offerwill be sent to Shareholders by, 9 May 2008. Terms used in this announcement have the same meaning as those defined in thecircular posted to Shareholders on 9 April 2008. The above figure (48,051,473 Ordinary Shares) may be used by shareholders as thedenominator for the calculation by which they will determine if they arerequired to notify their interest in, or a change in their interest in, theCompany under the FSA's Disclosure and Transparency Rules. 7 May 2008 ENQUIRIES: Evolution SecuritiesBobbie HilliamTel +44 (0) 20 7071 4300 Arlington GroupColin HillTel: +44 (0) 20 7389 5010 This information is provided by RNS The company news service from the London Stock Exchange