Offer closed
July 14 2003 - 3:01AM
UK Regulatory
RNS Number:4958N
Advanced Medical Technologies PLC
14 July 2003
This announcement is not for release, publication or distribution in or into the
United States, Canada, Australia, Japan or the Republic of Ireland
Recommended Offer ("the Offer")
by
British Linen Advisers Limited
on behalf of
Advanced Medical Technologies PLC
for
Lombard Medical PLC
Offer closed
The board of AMT announces that, at 3.00 p.m. on Friday 11 July 2003, the final
closing date of the Offer, valid acceptances had been received in respect of
46,955,277 Lombard Shares, representing approximately 86.8 per cent. of the
issued share capital of Lombard*. Prior to making the Offer, AMT had received
irrevocable undertakings to accept the Offer in respect of 28,498,337 Lombard
Shares, representing approximately 52.7 per cent. of the issued share capital of
Lombard. Valid acceptances have been received in respect of all the shares
subject to these undertakings and are included in the total for valid
acceptances.
Accordingly, AMT now either owns** or has received valid acceptances in respect
of a total of 46,955,277 Lombard Shares, representing approximately 86.8 per
cent. of the existing issued share capital of Lombard.
The board of AMT also announces that as of 3.00 p.m. on Friday 11 July 2003, the
final closing date of the Subscription Offer, subscriptions in respect of the
Subscription Offer had been received amounting to #319,316, representing
14,431,215 AMT Preference Shares. Certificates in respect of these AMT
Preference Shares will be despatched within 14 days.
The board of AMT announces today that both the Offer and Subscription Offer are
now closed.
As previously announced, Lombard has applied for the cancellation of admission
to AIM of Lombard Shares. The listing of Lombard Shares on AIM is expected to
be cancelled at the close of business on 25 July 2003.
Words and expressions used in this press release shall bear the same respective
meanings as defined in the Offer Document dated 9 May 2003 unless the context
otherwise requires.
Enquiries
AMT 020 7710 4500
Tony Canning
British Linen Advisers 020 7710 8800
Richard Davies
Tavistock Communications 020 7600 2288
David Foxman
*Includes acceptances received from members of the Concert Party in respect of
20,880,010 Lombard Shares representing approximately 38.6 per cent. of the
existing issued share capital of Lombard.
**Prior to the commencement of the Offer Period, AMT and the Concert Party
either owned or controlled 20,880,010 Lombard Shares representing approximately
38.6 per cent. of the existing issued share capital of Lombard. Neither AMT nor
the Concert Party has acquired or agreed to acquire any Lombard Shares or rights
over Lombard Shares during the Offer Period (otherwise than through the
acceptance of the Offer, as described above).
Neither AMT, nor any person acting in concert with it, has acquired any Lombard
Shares or rights over Lombard Shares during the course of the Offer period
(otherwise than through the acceptance of the Offer, as described above).
The directors of AMT accept responsibility for the information contained in this
announcement, save that the only responsibility accepted by them in respect of
the information in this announcement relating to Lombard (which has been
compiled from published sources) is to ensure that such information has been
correctly and fairly reproduced and presented. Subject as aforesaid, to the
best of the knowledge and belief of the directors of AMT (who have taken all
reasonable steps to ensure that such is the case), the information contained in
this announcement for which they are responsible is in accordance with the facts
and does not omit anything likely to affect the import of such information.
British Linen Advisers, which is authorised and regulated in the UK by the
Financial Services Authority, is acting as financial adviser to AMT and no one
else in connection with the Offer and the other matters described in this
announcement and will not be responsible to anyone other than to AMT for
providing the protections afforded to customers of British Linen Advisers, nor
for providing advice in relation to the Offer or any other matters described in
this announcement.
The Offer is not being made, directly or indirectly, in or into the United
States, Canada, Australia, Japan or the Republic of Ireland or by the use of the
mails of, or by any means or instrumentality of interstate or foreign commerce
of, or any facility of a national securities exchange of any of those
jurisdictions and the Offer should not be accepted by any such use, means,
instrumentality or facility or from within the United States, Canada, Australia,
Japan or the Republic of Ireland. This includes, but is not limited to, the
post, facsimile transmissions, telex, telephone, e-mail and the internet.
Accordingly, copies of this announcement and any related documents are not being
sent and must not be mailed or otherwise distributed or sent in, into or from
the United States, Canada, Australia, Japan or the Republic of Ireland. Persons
receiving such documents (including, without limitation, custodians, nominees,
and trustees) should not distribute or send them in, into or from the United
States, Canada, Australia, Japan or the Republic of Ireland or use United
States, Canadian, Australian, Japanese or Irish mails or any such means,
instrumentality or facility for any purpose, directly or indirectly, in
connection with the offer. Doing so may invalidate any related purported
acceptance of the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
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