DLD Deutsche Land

 

TIDMDLD 
 
RNS Number : 8591Z 
Black Sea Global Properties Limited 
29 September 2009 
 

Not for release, publication or distribution in or into the United States of 
America, Canada, Australia, the Republic of South Africa or Japan or any other 
jurisdiction where to do the same would constitute a violation of the relevant 
laws of such jurisdiction 
29 September 2009 
INCREASED AND RECOMMENDED MANDATORY CASH OFFER 
by 
BLACK SEA GLOBAL PROPERTIES LIMITED 
for 
DEUTSCHE LAND PLC 
 
 
Receipt of Irrevocable Commitment 
On 9 September 2009, the board of Black Sea Global Properties Limited ("BSGP") 
announced, in accordance with its obligations under Rule 9 of the City Code, the 
terms of a mandatory cash offer at 12 pence per share for the entire issued and 
to be issued ordinary share capital of Deutsche Land plc ("Deutsche Land") not 
already owned or otherwise contracted to be acquired by BSGP or any of its 
associates (the "Offer"). The offer document relating to the Offer was posted to 
Deutsche Land Shareholders on 16 September 2009. 
On 25 September 2009, the boards of BSGP and Deutsche Land announced the terms 
of an increased and recommended mandatory cash offer (the "Increased Offer") of 
13 pence in cash for each ordinary share of EUR0.01 each in the capital of 
Deutsche Land (each a "Deutsche Land Share"). 
The board of BSGP is pleased to announce that it has procured an irrevocable 
commitment to accept the Increased Offer from Stephen Dickinson, the chairman of 
Deutsche Land, in respect of 897,022 Deutsche Land Shares representing 
approximately 0.27 per cent. of the existing issued ordinary share capital of 
Deutsche Land. 
Accordingly, BSGP either owns or has procured irrevocable commitments to accept 
the Increased Offer for, in aggregate, 185,304,598 Deutsche Land Shares 
representing approximately 55.73 per cent. of the existing ordinary share 
capital of Deutsche Land. 
The irrevocable commitment to accept the Increased Offer continues to be binding 
in the event of a higher offer being made for Deutsche Land.  The irrevocable 
commitment is conditional on the posting of the Increased Offer Document on or 
before 5 October 2009. 
The Increased Offer of 13 pence in cash for each Deutsche Land Share is final 
and will not be increased. 
Enquiries: 
+----------------------------------------------+----+----------------------+ 
| Lazard & Co., Limited (Financial Adviser to  |    | +44 (0) 20 7187 2000 | 
| BSGP)                                        |    |                      | 
| Patrick Long                                 |    |                      | 
| Michael Bressler                             |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Oriel Securities Limited (Broker to BSGP)    |    | +44 (0) 20 7710 7600 | 
| Tom Durie                                    |    |                      | 
| Sapna Shah                                   |    |                      | 
+----------------------------------------------+----+----------------------+ 
| Financial Dynamics (PR Adviser to BSGP)      |    | +44 (0) 20 7831 3113 | 
| Stephanie Highett                            |    |                      | 
| Richard Sunderland                           |    |                      | 
| Rachel Drysdale                              |    |                      | 
+----------------------------------------------+----+----------------------+ 
Lazard & Co., Limited ("Lazard"), which is regulated by the Financial Services 
Authority, is acting for BSGP in connection with the Increased Offer and no-one 
else and will not be responsible to anyone other than BSGP for providing the 
protections afforded to customers of Lazard or for providing advice in relation 
to the Increased Offer. 
Oriel Securities Limited ("Oriel"), which is regulated by the Financial Services 
Authority, is acting for BSGP in connection with the Increased Offer and no-one 
else and will not be responsible to anyone other than BSGP for providing the 
protections afforded to customers of Oriel or for providing advice in relation 
to the Increased Offer. 
The Increased Offer Document will be despatched to Deutsche Land Shareholders by 
BSGP as soon as practicable. 
Terms used but not defined in this announcement shall have the meaning given to 
them in the announcement of the Original Offer by the board of BSGP on 9 
September 2009 or in the Original Offer Document. 
A copy of this announcement has been published on BSGP's website. The 
announcement can be viewed at www.bsgproperties.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPUKUARKSRKUAR 
 

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