Offer Update
November 19 2003 - 9:59AM
UK Regulatory
RNS Number:2597S
Aberdeen Asset Management PLC
19 November 2003
For immediate release
19 November 2003
This announcement is not for release, publication or distribution in or into or
from the United States, Canada, Australia, New Zealand or Japan.
Recommended Offer by Ernst & Young LLP on behalf of
Aberdeen Asset Management PLC
for Edinburgh Fund Managers Group plc
Aberdeen Asset Management PLC ("Aberdeen") refers to the announcement made on 24
October 2003 that the offer (the "Offer") by Ernst & Young LLP on behalf of
Aberdeen for the whole of the issued and to be issued ordinary share capital of
Edinburgh Fund Managers Group plc ("Edinburgh") had become wholly unconditional
(save as to Admission).
Admission having occurred and Aberdeen having received valid acceptances in
respect of more than 90 per cent. of the Edinburgh Shares to which the Offer
relates, Aberdeen announces that it will be implementing the procedure under
Section 429 of the Companies Act 1985 to acquire compulsorily all of the
outstanding Edinburgh Shares in respect of which it has not received acceptance
to the Offer.
Enquiries:
Aberdeen Scott Massie Tel: 020 7463 6000
Ernst & Young John Stephan Tel: 020 7951 2000
Ernst & Young LLP, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for Aberdeen and no one else in
connection with the Offer and will not be responsible to anyone other than
Aberdeen for providing the protections afforded to clients of Ernst & Young LLP
nor for providing advice in relation to the Offer, the contents of this
announcement, the Offer Document, the Form of Acceptance or any related offering
documentation or any transaction or arrangement referred to therein.
This information is provided by RNS
The company news service from the London Stock Exchange
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