Vital Football

Latest Aston Villa News

Villa Takeover Offer IN

Villa Takeover Offer IN

Company Aston Villa PLC
TIDM ASV
Headline Recommended Cash Offer
Released 07:00 14-Aug-06
Number 6029H

RNS Number:6029H
Aston Villa PLC
14 August 2006

Reform Acquisitions Limited

14 August 2006

Recommended Cash Offer

for Aston Villa plc ('Aston Villa')

by Reform Acquisitions Limited ('RAL')

Summary and Highlights

The Boards of RAL and Aston Villa are pleased to announce the terms of a
recommended cash offer by RAL to acquire the entire issued and to be issued
share capital of Aston Villa.

RAL, is an English company, which was newly incorporated for the purposes of making the Offer and which is ultimately controlled by Mr Randolph Lerner, owner of the Cleveland Browns Football Club, USA.

The Offer will be 547 pence in cash for each Aston Villa Share, valuing the existing issued share capital of Aston Villa at approximately £62.6 million.

The Offer represents a premium of approximately 47.24 per cent. to the Closing
Price of 371.5 pence per share on 16 September 2005 (being the last Business Day prior to the date of the commencement of the Offer Period) and a premium of approximately 9.95 per cent. to the Closing Price of 497.5 pence per share on 11 August 2006 (being the last Business Day prior to the date of this announcement).

The Board of Aston Villa, which has been so advised by Rothschild, consider the terms of the Offer to be fair and reasonable. In providing its advice to the Board of Aston Villa, Rothschild has taken into account the commercial assessments of the Aston Villa Directors.

The Board of Aston Villa intends unanimously to recommend that Aston Villa Shareholders accept the Offer, as the Aston Villa Directors (and certain members of their immediate families) have irrevocably undertaken to do in respect of their own beneficial shareholdings of Aston Villa Shares. Those holdings amount, in aggregate, to 4,111,514 Aston Villa Shares, representing approximately 35.91% of the existing issued share capital of Aston Villa.

In addition, RAL has received an irrevocable undertaking to accept the Offer from Trefick Limited in respect of a further 2,396,909 Aston Villa Shares, representing approximately 20.94 per cent. of the existing issued share capital of Aston Villa.

In aggregate, therefore, RAL has received irrevocable undertakings to accept the Offer in respect of 6,508,423 Aston Villa Shares, representing approximately 56.85 per cent. of the existing issued share capital of Aston Villa.


Click here to join in the debate on the club forum.

Writer:J P Fear
Date:Monday August 14 2006
Time: 7:21AM

Best of Vital Network

Comments

0
What fantastic news what a great starrt to the season The King is dead long live the King
paulmacadelaide
14/08/2006 07:31:00
0
Brilliant. Fantastic. Tremendous........no more years of hurt.
Stevew
14/08/2006 07:32:00
0
What a way to start the week. FAN BLOOY TASTIC
Donzarra
14/08/2006 07:35:00
0
So, does anyone understand what this bit means ? "In addition, RAL has received an irrevocable undertaking to accept the Offer from Trefick Limited in respect of a further 2,396,909 Aston Villa Shares, representing approximately 20.94 per cent. of the existing issued share capital of Aston Villa." Who is this buying another 21% then ?
villamike
14/08/2006 08:40:00
0
superb,fantastic,excellent,tremendous..........fabulous! o yes cant remember news like this ever b4! we are back at last! c'mon the villa! top 4 watch out
Belfast Villain
14/08/2006 08:41:00
0
OK it would appear that this is Jack Petchey.
villamike
14/08/2006 08:43:00
0
If only there was a statue of Doug at Villa Park that we could rip down, like the Iragi's did when Sadam was overthrown! Anyone any good with paper mache(sp?)
DeanoVilla
14/08/2006 08:55:00
0
I told you! I told you! I told you! I told you! I told you! I told you! I told you! I told you!
Saurat
14/08/2006 09:48:00
0
dont care about the complex technicalities, I guess what it is trying to say is...BACK THE VILLA!!!
AussieVilla
14/08/2006 10:11:00
0
Absolutely tremendous news. Hard to put feelings into words. The re-birth of the claret and blues after years of stagnation and decline.
glensider
14/08/2006 10:11:00
Page 1/1
  1. 1

Login to post a comment

Recent Aston Villa Articles

Elphick's Superstitions To Continue

New centre half Tommy Elphick has insisted his pre match ritual of attacking the goal posts instead of having a team photo will continue following his move to Aston Villa.

No Sinclair To Celtic - But Crespo Off

It's being reported that Aston Villa have rejected a £2million offer from Celtic for Scott Sinclair, but Jose Angel Crespo wants the 'PAOK' option to bring an end to his time with us.

Petrov To Resume Villa Training

Aston Villa have confirmed that Stiliyan Petrov will join up with the boys for pre season training, and he's been invited by new manager Roberto Di Matteo to join...

Elphick Relishing Promotion Pressure

New signing, and Roberto Di Matteo's first capture from Bournemouth, Tommy Elphick has said he's relishing the pressure of helping Aston Villa return...

Archived Vital Villa Articles

Vital Villa articles from

Site Journalists

J P Fear
Editor email
Profile
Mike Field
Editor email
Profile
Steve Wade
no email
Profile
Villa_Grizzly
no email
Profile
Turkish Penguin
no email
Profile
Glensider
no email
Profile
Chris Heath
no email
Profile
M Calucar
no email
Profile
JuanPablo Angel
no email
Profile

Current Poll (see more polls)

Elphick?
Suggested By: JP Fear
Great, solid signing84%
Ok signing5%
Meh signing11%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Vital Football Comment
Latest F1 News
Sainz expected to stay with Red Bull stable
Latest Vital Boxing News
Joshua v Breazeale Weigh-In
Write for Vital Football

Recent Aston Villa Results (view all)

Aston Villa Fixtures (view all)

Vital Members League Table

RankNamePoints
1.The Fear364
2.BodyButter153
3.sirdennis149
4.Fulford135
5.JuanPabloAngel112
6.kefkat96
7.DeanoVilla89
8.Silhillvilla70
9.BBJ67
10.Melon Donkey63
The Vital Football Members League