Heiton Group plc (“Heiton”) – Recommended Offers by Grafton Group Holdings Limited (“Grafton”)
On 26 November, 2004 the Panel announced that it had agreed to a request for an extension under Rule 31.7(a) of the date by which all conditions of the ordinary share offer by Grafton (the “offer”) must be satisfied until 5.00 p.m. on 20 December, 2004.
The Panel has been informed by Grafton that the offer remains subject to clearance by the Competition Authority and consequently, Grafton has requested a further extension of the offer timetable. The Board of Heiton has confirmed to the Panel that it is supportive of such an extension.
Having regard to the circumstances the Panel has agreed to a further extension under Rule 31.7(a) of the date by which all conditions of the offer must be satisfied until 5.00 p.m. on 10 January, 2005.