Extension to Tender Offer for TGE Marine AG


 

TIDMCLDN TIDMTGE 
 
RNS Number : 9044B 
Caledonia Investments PLC 
04 November 2009 
 

Caledonia Investments plc 
 
 
TENDER OFFER BY CALEDONIA INVESTMENTS PLC, GAS FIN INVESTMENTS S.A. AND GAS FIN 
S.A. FOR TGE MARINE AG 
 
 
This announcement is not for release, publication or distribution, directly or 
indirectly, in or into the United States, Canada, Australia, Japan, the Republic 
of Ireland or South Africa or any other jurisdiction in which the same would be 
unlawful (each a "Restricted Jurisdiction"). 
 
 
Tender Offer UpDATE 
 
 
On 2 October 2009, Caledonia Investments plc, Gas Fin Investments S.A. and Gas 
Fin S.A. (the "Offerors") announced proposals, inter alia, to acquire the 
remaining Registered Shares and Depository Interests (such Depository Interests 
each representing one Registered Share) in TGE Marine AG ("TGE"). On 13 October 
2009, a circular (the "Circular") containing the full terms and conditions of 
the Tender Offer was posted to Shareholders and Depository Interest Holders in 
TGE, together with a tender form to Shareholders (the "Tender Form"). 
 
 
The board of TGE by way of an announcement made on 26 October 2009 gave its view 
as to whether Shareholders and Depository Interest Holders should accept the 
Tender Offer highlighting the key factors to be taken into account. In 
particular, reference was made to the fact that Shareholders may not wish to 
hold a minority stake in a potentially unlisted company. 
 
 
The Offerors are pleased to announce that, as at 1.00p.m. (London Time) on 3 
November 2009, valid acceptances had been received in respect of a total of 
254,137 Registered Shares or Depository Interests, representing approximately 
87.8 per cent. of the ordinary share capital of TGE which was subject to the 
Tender Offer. 
Accordingly the Offerors, together with those Registered Shares held by Gas Fin 
GbR, either own in aggregate, or have received valid acceptances under the 
Tender Offer in respect of a total of 1,181,908 Registered Shares or Depository 
Interests representing, in aggregate, approximately 97.1 per cent. of the 
existing issued share capital of TGE. 
The Offerors announce that the period for acceptance of the Tender Offer will 
remain open to take into consideration the recent postal strike in the United 
Kingdom. The Tender Offer will now close at 1.00 p.m. on 17 November 2009. The 
Tender Offer remains subject to the terms and conditions set out in the Circular 
and Tender Form. 
Shareholders and Depository Interest Holders in TGE who have already tendered 
their Registered Shares or Depository Interests under the Tender Offer do not 
need to take any further action. Such Shareholders and Depository Interest 
Holders will receive their settlement funds, either through despatch of cheques 
or credit of their CREST accounts on 10 November 2009, in accordance with the 
timetable set out in the Circular. 
 
 
Enquiries: 
 
 
+--------------------------------------+--------------------------------------+ 
| Caledonia Investments plc            | +44 (0)20 7802 8080                  | 
+--------------------------------------+--------------------------------------+ 
| Tim Ingram                           |                                      | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Gas Fin Investments S.A              | +49 (0)228 604 48 0                  | 
+--------------------------------------+--------------------------------------+ 
| Gas Fin S.A.                         |                                      | 
+--------------------------------------+--------------------------------------+ 
| Vladimir Puklavec                    |                                      | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| College Hill                         | +44 (0)20 7457 2020                  | 
+--------------------------------------+--------------------------------------+ 
| Tony Friend                          |                                      | 
+--------------------------------------+--------------------------------------+ 
| Roddy Watt                           |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
Capitalised terms in this announcement follow the same definitions as in the 
Circular unless otherwise specified. 
 
 
4 November 2009 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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