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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.

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

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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
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