Response to Cash Offer
April 10 2003 - 9:06AM
UK Regulatory
RNS Number:8951J
West Bromwich Albion PLC
10 April 2003
West Bromwich Albion plc - Response to Rule 9 Offer by Jeremy Peace
The Independent Directors of West Bromwich Albion plc ('WBA' or the 'Company')
have noted the announcement by Jeremy Peace that following his purchase of
28,050 WBA Shares at #55.00 per share from Highfield Electronics Limited, a
company controlled by Paul Thompson, a former Chairman of the Company, Jeremy
Peace will be making a cash offer under Rule 9 of the City Code on Takeovers and
Mergers for the whole of the issued share capital of WBA not already owned by
Jeremy Peace, and those persons acting in concert with Jeremy Peace at a price
of #55.00 per WBA Share.
The Independent Directors of WBA and their advisers will consider this offer to
determine advice to be sent to Shareholders. Shareholders are recommended to
take no action in respect of their WBA shares until they receive this advice
from the Independent Directors.
Enquiries
Mike O'Leary West Bromwich Albion 0121 525 8888
Richard Welton Arbuthnot 0121 710 4501
Responsibility Statement
The Independent Directors of WBA accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
Independent Directors of WBA (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.
This information is provided by RNS
The company news service from the London Stock Exchange
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