IRISH TAKEOVER PANEL
EUROPEAN LEISURE PLC (“EUROPEAN”) – OFFERS BY ALLIED LEISURE PLC (“Allied”) AND WATERFALL HOLDINGS PLC (“Waterfall”)
As a result of the posting of the offer by Waterfall for European on April 26 1999, the Irish Takeover Panel has consented to an extension of the Rule 31 time-table for the existing offer by Allied. Accordingly, for purposes of the Irish Takeover Rules, “Day 39” (the last date on which new financial information may be published by the offeree), “Day 46” (the last date for posting a revised offer) and “Day 60” (the date by which an offer must become unconditional as to acceptances), as applied to the Allied offer, are extended to the corresponding dates for the Waterfall offer.
