AMVESCAP PLC -"AMVESCAP"- Recommended Cash and Share Offer For Perpetual plc -"Perpetual"-; Extension of Offer and Level of Acceptances.Business Editors
LONDON--(BUSINESS WIRE)--Nov. 24, 2000
AMVESCAP (NYSE NYSE
See: New York Stock Exchange :AVZ) (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). :AVZ.)(LSE LSE - Language Sensitive Editor :AVZ.) announces that, as at 3.00 p.m. on Thursday 23rd November 2000, being the first closing date of the recommended cash and share offer for Perpetual, valid acceptances of the Offer had been received in respect of a total of 23,396,065 Perpetual Shares, representing approximately 79.5 per cent. of the issued share capital of Perpetual. These acceptances include acceptances received pursuant to the irrevocable undertakings to accept the Offer given by the directors of Perpetual and trustees of the Martyn Arbib 1979 Settlement prior to the announcement of the Offer in respect of a combined total of 12,341,519 Perpetual Shares, representing approximately 41.9 per cent. of the issued share capital of Perpetual as at 2nd November 2000.
Of these valid acceptances, elections for the Loan Note Alternative had been received in respect of 12,607,234 Perpetual Shares representing approximately 42.8 per cent. of the issued share capital of Perpetual.
The regulatory conditions to the Offer are being progressed in the normal way and are currently outstanding from the Investment Management Regulatory Organisation ("IMRO IMRO Irish Music Rights Organisation
IMRO Investment Management Regulatory Organisation
IMRO Internal Macedonian Revolutionary Organization
IMRO Interactive Marketing Research Organisation "), the Department of Trade and Industry The Department of Trade and Industry was a United Kingdom government department which was disbanded with the announcement of the creation of the Department for Business, Enterprise and Regulatory Reform on 28 June 2007. ("DTI Diffusion tensor imaging (DTI)
A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ") and the Personal Investment Authority ("PIA pi·a
The pia mater.
pial adj. "). AMVESCAP is confident that these conditions and approvals will be met.
The board of directors of AMVESCAP announces that the Offer has been extended and will remain open for acceptance until 3.00 p.m. on 7th December 2000.
Perpetual Shareholders who have not yet accepted the Offer are urged to complete and return their Forms of Acceptance as soon as possible. If any Perpetual Shareholders require another Form of Acceptance they should contact Capita IRG (1) (InterRecord Gap) See interrecord gap.
(2) (Internet Research Group, Los Altos, CA, www.irgintl.com) A research and consulting firm founded in 1993 that specializes in developing business strategies for Internet-related companies. Plc on 020 8639 2083.
Save as disclosed above and in the Offer Document, neither AMVESCAP nor any person acting, or deemed to be acting, in concert with AMVESCAP held any Perpetual Shares or rights over Perpetual Shares prior to the Offer Period and neither AMVESCAP nor any person acting, or deemed to be acting, in concert with AMVESCAP has acquired or agreed to acquire any Perpetual Shares or rights over Perpetual Shares during the Offer period.
The Offer Document containing the full terms and conditions of the Offer was posted to Perpetual Shareholders on 2nd November 2000.
Unless the context otherwise requires, the definitions contained in the Offer Document also apply in this announcement.
AMVESCAP is one of the world's largest independent investment managers, operating under the AIM and INVESCO brand names. AMVESCAP is a holding company offering a broad array of investment products and services to institutions and individuals across all distribution channels. The Company is listed on the London, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Paris and Toronto Stock Exchanges with the symbol "AVZ."
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA OR JAPAN
Schroder Salomon Smith Barney, which is regulated by The Securities and Futures Authority Limited, is acting for AMVESCAP in connection with the Offer and no-one else and will not be responsible to anyone other than AMVESCAP for providing the protections afforded to customers of Schroder Salomon Smith Barney, or for providing advice in relation to the Offer.