GGT Group PLC - Re Offer Closure etc
May 14 1998 - 3:32AM
UK Regulatory
RNS No 4407m
GGT GROUP PLC
14th May 1998
Not for release, distribution or publication in or into the
United States, Canada, Australia or Japan.
Omnicom Group Inc.
Recommended Cash Offer for The GGT Group plc.
Closing of Offer
The Board of Omnicom announces that the Omnicom Group
holds 69,723,237 GGT shares representing 100 per cent. of
the issued ordinary share capital of GGT. Its recommended
cash offer for GGT will therefore close at 3.00pm on 28 May,
1998.
At 3.00pm on 13 May, 1998, Omnicom had received valid
acceptances of the Offer in respect of 59,653,335 GGT
shares, representing approximately 85.56 per cent. of the
issued ordinary share capital of GGT. Prior to
commencement of the Offer Period a subsidiary of Omnicom
held 11 GGT shares representing less than 0.01 per cent. of
the issued ordinary share capital of GGT. During the Offer
Period Omnicom has acquired 10,069,891 GGT shares
representing approximately 14.44 per cent. of the issued
ordinary share capital of GGT.
Terms defined in the Offer Document dated 6 February, 1998
have the same meaning in this press release unless the context
requires otherwise.
Press enquiries:
Omnicom Group Inc. John Wren 00 1 212 415 3776
Omnicom Financial PR Anthony Wreford 0171 351 2790
END
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