BRG Braemar

 

TIDMBRK TIDMBRG 
 
RNS Number : 6515P 
Brooks Macdonald Group PLC 
21 July 2010 
 

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR 
  FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION 
                          WHERE IT IS UNLAWFUL TO DO SO 
                                  21 July 2010 
                             RECOMMENDED CASH OFFER 
                        for Braemar Group plc ("Braemar") 
               by Brooks Macdonald Group plc ("Brooks Macdonald") 
 
    CLOSURE OF OFFER AND COMPULSORY ACQUISITION OF OUTSTANDING BRAEMAR SHARES 
 
On 7 July 2010, Brooks Macdonald declared the Offer to acquire the entire 
issued, and to be issued, share capital of Braemar unconditional in all respects 
and extended it until 1.00 p.m. on 20 July 2010. 
The Offer has now closed and is therefore no longer open for acceptances. 
Brooks Macdonald announces that, as at 1.00 p.m. on 20 July 2010, valid 
acceptances had been received in respect of a total of 122,909,999 Ordinary 
Shares, representing approximately 67.14 per cent. of the existing issued 
Ordinary Shares and 91.18 per cent. of the Ordinary Shares to which the Offer 
relates. 
As at 1.00 p.m. on 20 July 2010, Brooks Macdonald had received acceptances in 
respect of or acquired a total of 131,879,637 Ordinary Shares, representing 
approximately 97.83 per cent. of the Ordinary Shares to which the Offer relates. 
Accordingly, Brooks Macdonald will, as stated on page 17 of the Offer Document, 
exercise its rights pursuant to the provisions of Part 28 of the Companies Act 
to acquire compulsorily all remaining Ordinary Shares which it does not already 
hold or has not already acquired or contracted to acquire or in respect of which 
it has not already received acceptances. 
Braemar has made an application to the London Stock Exchange to cancel the 
admission to trading on AIM of the Ordinary Shares.  It is anticipated that such 
cancellation will take effect on or around 4 August 2010.  Following such 
cancellation, Brooks Macdonald intends to procure that Braemar re-registers as a 
private company under the provisions of the Companies Act in due course. 
 
Capitalised terms used but not defined in this announcement have the same 
meaning given to them in the offer document issued by Brooks Macdonald on 15 
June 2010. 
Enquiries 
Brooks Macdonald Group plc 
Tel: +44(0)20 7499 6424 
Chris Macdonald (Chief Executive) 
Simon Jackson (Finance Director) 
 
Collins Stewart Europe Limited 
Financial adviser, Nomad and broker to Brooks Macdonald 
Tel: +44(0)20 7523 8350 
Bruce Garrow 
Mark Connelly 
 
Bankside Consultants 
Financial PR adviser to Brooks Macdonald 
Tel: +44(0)20 7367 8888 
Simon Rothschild 
Oliver Winters 
 
 
 
Collins Stewart, which is regulated in the United Kingdom by the Financial 
Services Authority, is acting as financial adviser to Brooks Macdonald and 
no-one else in connection with the Offer and will not be responsible to anyone 
other than Brooks Macdonald for providing the protections offered to clients of 
Collins Stewart nor for providing advice in relation to the Offer. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CASBRGDRXGDBGGG 
 

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