Response to Offer by Barker
June 27 2001 - 6:48AM
UK Regulatory
RNS Number:9493F
Claims Direct PLC
27 June 2001
PRESS RELEASE
Claims Direct plc
27 June 2001
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN
Response to the announcement of an offer
David Hickey and David Hankinson the independent directors of Claims Direct
plc (the "Company") note the announcement today of a cash offer to be made by
KPMG Corporate Finance on behalf of Barker Securities plc ("Barker Securities")
to acquire all of the issued and to be issued share capital of the Company
other than the shares already owned by the directors of Barker Securities ("
the Offer"). The Offer will be 10 pence in cash for each ordinary share of
the Company and values the Company's shares subject to the Offer at
approximately #11.1 million.
Barker Securities is a company formed by Tony Sullman and Colin Poole, the
non-executive Chairman and deputy Chairman of the Company for the purpose of
making the Offer.
The independent directors are awaiting the offer document and strongly urge
shareholders to take no action at this stage.
A further announcement will be made in due course.
Press Enquiries
Claims Direct plc
David Hankinson +44 (0) 207 324 8888
David Hickey +44 (0) 7712 880 902
Investec Henderson Crosthwaite
(a division of Investec Bank (UK) Limited)
Jagit Mundi +44 (0) 207 597 5970
David Currie +44 (0) 207 597 5970
Golin/Harris Ludgate
Robin Hepburn +44 (0) 207 324 8888
Reg Hoare +44 (0) 207 324 8888
Investec Henderson Crosthwaite is a division of Investec Bank (UK) Limited,
which is regulated in the United Kingdom by The Securities and Futures
Authority, is acting for Claims Direct plc and no-one else in connection with
the Offer and will not be responsible to anyone other than Claims Direct plc
for providing the protections afforded to customers of Investec Henderson
Crosthwaite, nor for providing advice to any other person in relation to the
Offer.
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