Statement re press comment
July 15 2010 - 7:49AM
UK Regulatory
TIDMASTR TIDMEVOL
RNS Number : 4142P
Astaire Group Plc
15 July 2010
Astaire Group PLC
Statement re press comment
For immediate release
15 July 2010
Following certain comments in the press in relation to the strategic review
update announcement released this morning by Astaire Group PLC ("Astaire") which
stated:
"The Board is in discussions with a number of parties with a view to either
achieving a change in majority ownership of the group, which would be likely to
be achieved by way of a share subscription, potentially requiring a waiver of a
possible obligation to make a mandatory offer (ie a "whitewash") and other
regulatory consents or a change in majority ownership of the main operating
businesses."
The Board of Astaire would hereby like to clarify that it is not in any
discussions and has not received any approaches which may lead to an offer for
Astaire and is not aware of any offer being in contemplation.
Enquiries:
Astaire Group Plc
020 7492 4750
James Noble, Chairman
Maitland
020 7379 5151
Neil Bennett
George Hudson
Fairfax I.S. PLC
020 7598 5368
Nominated Adviser / Broker
David Floyd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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