Inspirations PLC - Offer Acceptances, Extension
August 18 1997 - 4:30AM
UK Regulatory
RNS No 8296w
INSPIRATIONS PLC
18th August 1997
Not for release, publication or distribution in or into the
United States, Canada, Japan or Australia
Carlson Leisure Group (UK) Limited ("CLG(UK)")
Recommended Cash Offers for
Inspirations plc ("Inspirations")
Acceptance Levels and Extension of Offers
At 3.00pm on 15 August 1997, valid acceptances of the
Ordinary Offer had been received in respect of 25,597,744
Ordinary Shares representing approximately 80.4 per cent. of
the issued Ordinary Share capital of Inspirations and valid
acceptances of the Convertible Offer had been received in
respect of 12,222,684 Convertible Shares representing
approximately 96.5 per cent. of the issued Convertible Share
capital of Inspirations.
Prior to the announcement of the Offers on 24 July 1997 CLG
(UK) did not hold any Ordinary Shares or Convertible Shares.
Since the announcement on 24 July 1997 CLG (UK) has acquired
2,429,413 Ordinary Shares representing approximately 7.6 per
cent. of the issued Ordinary Share capital of Inspirations.
By 3.00pm on 15 August 1997, therefore, CLG (UK) owned or had
received acceptances in respect of a total of 28,027,157
Ordinary Shares representing approximately 88.0 per cent. of
the issued Ordinary Share capital of Inspirations.
The Convertible Offer has become and the Ordinary Offer has
been declared unconditional as to acceptances. The Offers
will remain open for acceptance until further notice.
Enquiries :
DLJ Phoenix Securities Limited 0171 638 2191
John Craven
Andrew Sibbald
The definitions set out in the offer document dated 25 July
1997 apply in this announcement.
DLJ Phoenix, which is regulated by The Securities and Futures
Authority Limited, is acting for CLG (UK) and Carlson and for
no one else in connection with the Offers. DLJ Phoenix will
not be responsible to anyone other than CLG (UK) and Carlson
for providing the protections afforded to customers of DLJ
Phoenix, nor for providing advice in relation to the Offers.
END
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