Offer Update
September 03 2004 - 10:51AM
UK Regulatory
RNS Number:6044C
Hichens Harrison & Co PLC
03 September 2004
Recommended Cash Offers
by
Hichens, Harrison & Co Plc
on behalf of
Armworth House Limited, a wholly owned subsidiary
of Channel Hotels and Properties Limited
for
Property Acquisition and Management Limited
3rd September 2004
Re: 14 Day Notice to Property Acquisition and Management Ltd Shareholders
Armworth House Limited would like to inform shareholders that it will be closing
its Offer for the outstanding Ordinary share capital and Convertible Redeemable
Preference share capital of Property Acquisition and Management on the 17th
September 2004. This is 14 days after the first closing of the Offer being the
3rd September 2004.
The Offers are as follows:-
Ordinary shares: 101 pence cash plus 4 pence special dividend
Convertible Redeemable
Preference shares: 115 pence cash
If you require the Offer Document and Forms of Acceptance please do not hesitate
to contact Hichens, Harrison & Co. plc. on 0207 588 5171
Hichens, Harrison & Co Plc, which is regulated by the Financial Services
Authority in the United Kingdom, is acting as financial adviser to Chaps and
Armworth and no one else in connection with the Offers and will not be
responsible to anyone other than the Offeror and Chaps for providing the
protections afforded to clients of Hichens, Harrison & Co Plc, nor for providing
advice in relation to the Offers.
Christian Dennis
Hichens,Harrison & Co Plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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