Result of Tender Offer
April 28 2004 - 3:01AM
UK Regulatory
RNS Number:0708Y
Robinson PLC
28 April 2004
Robinson plc (the "Company")
28 April 2004
Result of Tender Offer
Following the result of EGM announcement made by the Company on 26 April 2004,
the Company announces that the Tender Offer by the Company to repurchase up to
11,764,705 Ordinary Shares of 0.5p at 85p per share closed at 3.00pm on 27 April
2004.
Completed Tender Forms were received from Shareholders for, in aggregate,
10,531,899 Ordinary Shares, representing 40 per cent. of the Company's issued
share capital. All valid tenders will be accepted in full and a total of #8.95
million will therefore be returned to shareholders via the tender offer.
1,768,722 of the validly accepted Ordinary Shares will be kept in treasury with
the remaining Ordinary Shares being cancelled.
New share certificates are expected to be despatched to Qualifying Shareholders
who tendered in certificated form in respect of the balance of their
shareholding (if any) by 4 May 2004. It is also expected that payment of Tender
Offer consideration in respect of sold certificated Ordinary Shares and payments
through CREST for Tender Offer consideration in respect of sold uncertificated
Ordinary Shares will also occur by 4 May 2004.
All definitions and terms used in this announcement should be taken to mean the
same as in the Circular sent to Shareholders on 1 April 2004, unless stated
otherwise.
Enquiries:
Robinson plc 01246 220 022
Guy Robinson, Company Secretary and Finance Director
Arbuthnot 0121 632 2100
Richard Welton, Director, Corporate Finance
Bankside Communications 0207 444 4140
Sue Scott
This information is provided by RNS
The company news service from the London Stock Exchange
END
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