Establishment Inv. Trust PLC (The) Concert Party Status (8358Z)
12 Mars 2013 - 4:01PM
UK Regulatory
TIDMET.
RNS Number : 8358Z
Establishment Inv. Trust PLC (The)
12 March 2013
Concert Party Status
In the light of the recent death of Richard Thornton the
Directors of The Establishment Investment Trust plc recently
instructed Stephenson Harwood, the company's legal advisors, to
consult with the Takeover Panel with regard to the status of the
Concert Party described in the March 2002 prospectus of the
Establishment Investment Trust plc.
The Takeover Panel has advised that they are of the opinion that
there is sufficient connection between the shareholders, or persons
entitled to the shares, comprising the Concert Party for the
concert party status to remain unaffected. The Concert Party owns,
or controls, a total of 9,182,587 shares representing 45.9% of the
shares outstanding.
The Directors have also held informal discussions with the
executors of Richard Thornton's estate and are of the opinion that
his death is unlikely to result in the disposal of shares into the
open market.
Enquiries:
Anthony Lee 020 7490 4355
Cavendish Administration Limited
Company Secretary
12 March 2013
END
This information is provided by RNS
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