Heiton Group plc (“Heiton”)
Grafton Group plc (“Grafton”)
Following representations made by Heiton and its advisors, and correspondence with the advisors to both Grafton and Heiton, the Panel ruled on 21 July, 2004 that, except with the consent of the Panel, Grafton must by 5.00 p.m. today either announce an offer for Heiton under Rule 2.5 of the Takeover Rules or announce that it will not proceed with an offer for Heiton.
Following a request from Grafton, the Panel has consented to an extension of this deadline until 5.00 p.m. on Friday 13 August, 2004. The Board of Heiton has confirmed to the Panel that it is supportive of such an extension.