Forth Ports - Part withdrawal of letter of intent (7778E)
April 12 2011 - 10:05AM
UK Regulatory
TIDMSDR TIDMFPT
RNS Number : 7778E
Schroders PLC
12 April 2011
Letter of Intent: Offer by Otter Ports plc for Forth Ports
plc
On 21 March 2011, Schroder Investment Management Limited
provided a letter of intent regarding our intentions in relation to
4,623,066 shares.
Since then, various notifications have been made in accordance
with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i),
advising that we had disposed of 2,366,884 shares, reducing the
number of share that are subject to the letter of intent to
2,256,182.
In accordance with The City Code on Takeovers and Mergers, Rule
2.11 (d)(i), we advise that, subject to clause 9 of the letter of
intent, we have disposed of a further 89,026 shares, and are no
longer in a position to accept or procure the acceptance of the
Offer, in relation to those shares.
Our intention in respect of 2,167,156 shares, being the
remainder, remains as described in our Letter of Intent.
Chris Melrose
Manager, AML & Disclosure
Schroders Group Compliance
Tel: +44(0)207 658 4331
Fax: +44(0)207 658 3512
e-mail: christopher.melrose@schroders.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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