COMPLETION OF TGE MARINE AG TENDER OFFER
November 18 2009 - 4:15AM
UK Regulatory
TIDMCLDN TIDMTGE
RNS Number : 6817C
Caledonia Investments PLC
18 November 2009
Caledonia Investments plc
TENDER OFFER BY CALEDONIA INVESTMENTS PLC, GAS FIN INVESTMENTS S.A. AND GAS FIN
S.A. FOR TGE MARINE AG
This announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States, Canada, Australia, Japan, the Republic
of Ireland or South Africa or any other jurisdiction in which the same would be
unlawful (each a "Restricted Jurisdiction").
COMPLETION OF Tender Offer
On 2 October 2009, Caledonia Investments plc, Gas Fin Investments S.A. and Gas
Fin S.A. (the "Offerors") announced proposals, inter alia, to acquire the
remaining Registered Shares and Depository Interests (such Depository Interests
each representing one Registered Share) in TGE Marine AG ("TGE"). On 13 October
2009, a circular (the "Circular") containing the full terms and conditions of
the Tender Offer was posted to Shareholders and Depository Interest Holders in
TGE, together with a tender form to Shareholders (the "Tender Form").
On 3 November 2009, the Offerors announced that the period for acceptance of the
Tender Offer had been extended until 1.00p.m. on 17 November 2009.
The Offerors are pleased to announce that, as at 1.00p.m. (London Time) on 17
November 2009, valid acceptances had been received in respect of a total of
255,866 Registered Shares or Depository Interests, representing approximately
88.4 per cent. of the ordinary share capital of TGE which was subject to the
Tender Offer.
Accordingly the Offerors, together with those Registered Shares held by Gas Fin
GbR, either own in aggregate, or have received valid acceptances under the
Tender Offer in respect of a total of 1,183,637 Registered Shares or Depository
Interests representing, in aggregate, approximately 97.2 per cent. of the
existing issued share capital of TGE.
The Offerors announce that the period for acceptance of the Tender Offer has now
closed.
Those Shareholders and Depository Interest Holders who tendered their Registered
Shares or Depository Interests under the Tender Offer after 3 November 2009 will
receive their settlement funds on 24 November 2009, either through despatch of
cheques or credit of their CREST accounts.
Enquiries:
+--------------------------------------+--------------------------------------+
| Caledonia Investments plc | +44 (0)20 7802 8080 |
+--------------------------------------+--------------------------------------+
| Tim Ingram | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| Gas Fin Investments S.A | +49 (0)228 604 48 0 |
+--------------------------------------+--------------------------------------+
| Gas Fin S.A. | |
+--------------------------------------+--------------------------------------+
| Vladimir Puklavec | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| College Hill | +44 (0)20 7457 2020 |
+--------------------------------------+--------------------------------------+
| Tony Friend | |
+--------------------------------------+--------------------------------------+
| Roddy Watt | |
+--------------------------------------+--------------------------------------+
Capitalised terms in this announcement follow the same definitions as in the
Circular unless otherwise specified.
18 November 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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