Compulsory Acqn of Shares
April 06 2005 - 6:54AM
UK Regulatory
RNS Number:6868K
Honeywell International Inc
06 April 2005
Not for release, publication or distribution in or into Australia, Canada, Japan
or the United States
FOR IMMEDIATE RELEASE
April 6, 2005
HONEYWELL ACQUISITIONS LIMITED
COMPULSORY ACQUISITION OF OUTSTANDING
NOVAR ORDINARY SHARES AND NOVAR PREFERENCE SHARES
Honeywell Acquisitions announces that, as at 3.00pm (London time) on April 5,
2005, valid acceptances of the Ordinary Offer had been received in respect of
398,649,048 Novar Ordinary Shares representing approximately 92.38 per cent. of
Novar's issued ordinary share capital.
Accordingly, Honeywell Acquisitions announces that compulsory acquisition
notices under section 429 of the Companies Act 1985 have yesterday been
despatched to the holders of Novar Ordinary Shares and Novar Preference Shares
who have not yet accepted the relevant Offer(s). The transfer of the
compulsorily acquired Novar Ordinary Shares and Novar Preference Shares is
expected to occur on or after May 17, 2005. In the meantime, the Offers remain
open for acceptance.
Defined terms in this announcement have the meanings given to them in the offer
document dated January 10, 2005.
Enquiries
JPMorgan Tel: +44 (0) 20 7742 4000
Larry Slaughter
Eamon Brabazon
This announcement does not constitute an offer to sell or an invitation to
purchase or subscribe for any securities or the solicitation of an offer to buy
or subscribe for any securities pursuant to the Offers or otherwise.
JPMorgan, which is regulated in the United Kingdom by the Financial Services
Authority, is acting for Honeywell and the Offeror in connection with the Offers
and no one else and will not be responsible to anyone other than Honeywell or
the Offeror for providing the protections afforded to customers of JPMorgan or
for providing advice in relation to the Offers.
The directors of the Offeror and members of the Executive Committee accept
responsibility for all information contained in this announcement. To the best
of the knowledge and belief of the directors of the Offeror and the members of
the Executive Committee (who have taken all reasonable care to ensure that such
is the case), the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of such
information.
The Offers will not be made, directly or indirectly, to, or for the account or
benefit of, US Persons or in or into, or by use of the mails or any other means
or instrumentality (including, without limitation, telephonic or electronic) of
interstate or foreign commerce of, or any facility of a national, state or other
securities exchange of, Australia, Canada, Japan or the United States, and the
Offers will not be capable of acceptance by or for the account or benefit of US
Persons or by any such use, means, instrumentality or facility or from within
Australia, Canada, Japan or the United States. Accordingly, copies of
documentation relating to the Offers are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed to, or sent to, or for
the account or benefit of, US Persons or in or into or from Australia, Canada,
Japan or the United States and persons receiving this announcement (including
custodians, nominees and trustees) must not distribute or send it into or from
Australia, Canada, Japan or the United States. Doing so may render invalid any
related purported acceptance of the Offers. In the event that Honeywell extends
the Offers in the US or to or for the account or benefit of US Persons at some
future time, it will do so in satisfaction of the procedural and filing
requirements of the US securities laws at that time, to the extent applicable
thereto.
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in any such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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