Eurocastle Investment Limited Announces Result of Tender Offer
Released: 19/09/2008
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO CANADA, AUSTRALIA OR JAPAN
Guernsey, 19 September 2008 - On 21 August 2008, Eurocastle Investment Limited (the “Company”) sent a circular (the “Circular”) to shareholders in relation to a proposed tender offer for the purchase of up to 3.2 million ordinary shares in the Company (“Ordinary Shares”) for a fixed price of €6.00 per Ordinary Share in order to return a maximum of €19.2 million in cash to shareholders (the “Tender Offer”).
The Tender Offer closed at 6.00 p.m. (CET) on 18 September 2008 and the Company announced today that applications under the Tender Offer were made and accepted in respect of 3,199,988 Ordinary Shares, representing approximately 5% of the Ordinary Shares in issue. Following the completion of the Tender Offer the tendered Ordinary Shares will be withdrawn from listing and trading from Euronext Amsterdam by NYSE Euronext and cancelled.
It is expected that settlement of the tendered Ordinary Shares purchased will occur on 25 September 2008. Where an accepted tender relates to Ordinary Shares held by shareholders in certificated form, cheques for the consideration will be despatched on 25 September 2008 by Anson Registrars Limited.
For further information please contact:
International Administration (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450