RNS Number:6712D
C.I. Traders Limited
04 October 2004


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES,
                           CANADA, AUSTRALIA OR JAPAN

                              For immediate release

 Recommended offer by Collins Stewart Limited on behalf of C.I. Traders Limited
                ("C.I. Traders") for ComProp Limited ("ComProp")

                            Issue of Further Shares


In connection with the recommended offer made on behalf of C.I. Traders on 23
August 2004 to acquire the entire issued and to be issued share capital of
ComProp not already held by C.I. Traders or a subsidiary of C.I. Traders (the "
Offer"), as set out in the Offer Document dated 23 August 2004, additional
shares have been issued in connection with the cancellation of outstanding
options to subscribe for shares under the ComProp Share Option Scheme.

As referred to in the Offer document, share options were outstanding in favour
of Mr T. H. Scott (also a director of C.I. Traders), Mr N. H. Jones and Mr S.
Down.  Those holders undertook to agree to the cancellation of those options in
consideration for a payment and issue of New C. I. Traders Shares (on the terms
of the Offer) equal to the difference between the subscription price under the
options and 144 pence per ComProp Share, being the value of the Offer.

These arrangements have resulted in the issue of a total of 160,982 New C. I
Traders Shares to the former option holders. Application will be made to the
London Stock Exchange for the admission of those shares to trading on AIM.

A further 91,182 New C.I. Traders Shares have been issued to ComProp
shareholders who had validly accepted the Offer by close of business on 28
September 2004. Application has been be made to the London Stock Exchange for
the admission of those shares to trading on AIM and dealings in those shares are
expected to begin at the opening of trading on 5 October 2004.



Enquiries:

Collins Stewart Limited, financial adviser to C.I. Traders
Andrew Dawber                                   Telephone:  020 7523 8350


Terms defined in the Offer Document dated 23 August 2004 have the same meanings
in this announcement.

The Directors of C.I. Traders accept responsibility for the information
contained in this announcement.  To the best of the knowledge and belief of the
Directors of C.I. Traders (who have taken all reasonable care to ensure that
such is the case) the information contained in this  announcement is in
accordance with the facts and does not omit anything likely to affect the import
of such information.

Collins Stewart Limited is authorised and regulated by the Financial Services
Authority for investment business activities and is acting only for C.I. Traders
as financial adviser in relation to the Offer and is not acting for any other
person in relation to the Offer.  Collins Stewart Limited will not be
responsible to anyone other than C.I. Traders for providing the protections
afforded to its clients nor for providing advice in relation to the contents of
this announcement, the Offer or any other matter referred to herein.

The availability of the Offer to persons who are not resident in the Channel
Islands or the United Kingdom may be affected by the laws of the relevant
jurisdiction in which they are located.  Persons who are not resident in the
Channel Islands or the United Kingdom should inform themselves of, and observe,
any applicable requirements.

The Offer is not being made directly or indirectly in or into the United States,
Canada, Australia or Japan, except where permitted by applicable law.  Subject
to this exception, neither this announcement nor the Offer Document and/or the
Form of Acceptance may be distributed or sent in, into or from the United States
(whether by use of the mails or by any means or instrumentality of interstate or
foreign commerce,  Canada, Australia or Japan and doing so may render invalid
any purported acceptance.  Any person (including, without limitation, any
custodian, nominee or trustee) who may have a legal or contractual obligation to
forward this announcement, the Offer Document and/or the Form of Acceptance to
any jurisdiction outside the United Kingdom, should have regard to the above
provisions and if necessary take appropriate legal advice before taking any
action.

This announcement does not constitute, or form any part of, any offer for or
solicitation of any offer for securities or any inducement to acquire or dispose
of any securities.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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