Unicorn Intnl - Offer Partly Unconditional
July 18 1997 - 3:50AM
UK Regulatory
RNS No 5953n
UNICORN INTERNATIONAL PLC
18th July 1997
Not for release, publication or distribution in or into
the United States
Compagnie de Saint-Gobain
Recommended Cash Offer (the "Offer")
for
Unicorn International PLC ("Unicorn")
Offer unconditional as to acceptances
Abrasives PLC ("Abrasives"), a wholly owned subsidiary of
Compagnie de Saint-Gobain, announces that, at 3.00 p.m.
on 17 July 1997, the first closing date of the Offer,
valid acceptances of the Offer had been received in
respect of a total of 36,633,679 Unicorn Shares,
representing approximately 96.4 per cent. of the issued
share capital of Unicorn. Accordingly, the Offer has
become unconditional as to acceptances.
Prior to the commencement of the offer period on 13 June
1997, Abrasives had received irrevocable undertakings to
accept the Offer in respect of 12,806,688 Unicorn Shares,
representing approximately 33.7 per cent. of the issued
share capital of Unicorn. Abrasives has now received
valid acceptances in respect of all of these Unicorn
Shares which are included in the total set out above.
During the offer period, neither Abrasives nor any person
deemed to be acting in concert with Abrasives has
acquired or agreed to acquire any Unicorn Shares.
The Offer, together with the Loan Note Alternative, will
remain open for acceptance until further notice.
Enquiries:
Compagnie de Saint-Gobain
Florence Triou 00 331 47 62 45 19
Lounis Bekkat 00 331 47 62 32 36
Dresdner Kleinwort Benson 0171 623 8000
Rosalind Hedley-Miller
Kieran Murphy
Unicorn 01785 222000
David Rimmer
Hambros 0113 242 3300
Bob Bigley
Citigate Communications
John Rudofsky 0171 282 8000
Fiona Tooley 0121 631 2299
Kleinwort Benson Limited ("Dresdner Kleinwort Benson"),
which is regulated by The Securities and Futures
Authority Limited, is acting exclusively for Compagnie de
Saint-Gobain and Abrasives in connection with the Offer
and no-one else and will not be responsible to anyone
other than Compagnie de Saint-Gobain and Abrasives for
providing the protections afforded to customers of
Dresdner Kleinwort Benson, or for giving advice in
relation to the Offer.
END
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