Vital Football

Latest Aston Villa News

Lerner Announcement On AVFC

Lerner Announcement On AVFC

Recommended Cash Offer for Aston Villa plc ('Aston Villa') by Reform Acquisitions Limited ('RAL')

Level of acceptances

RAL announces that as at 5.00 p.m. (London time) on 24 August 2006, valid acceptances had been received in respect of 6,834,061 Aston Villa Shares, representing approximately 59.69 per cent. of Aston Villa's issued share capital to which the offer relates (being 11,449,245 Aston Villa Shares).

Prior to the announcement of the Offer on 14 August 2006, RAL had received irrevocable undertakings to accept the Offer in respect of 6,508,423 Aston Villa Shares, representing approximately 56.85 per cent. of the issued share capital of Aston Villa.

Valid acceptances of the Offer have been received in respect of 6,312,023 Aston Villa Shares representing approximately 55.13 per cent. of the issued share capital of Aston Villa pursuant to these irrevocable undertakings.

RAL holds an irrevocable undertaking to accept the Offer (on the terms set out in the Offer Document) from Peter Ellis in respect of 196,400 Aston Villa Shares, representing 1.72 per cent. of the issued share capital of Aston Villa.

Neither RAL nor any person acting in concert with RAL for the purposes of the Offer held any Aston Villa Shares (or rights over such shares) before 19 September 2005, the first day of the Offer Period, nor has any such person acquired or agreed to acquire any such shares (or rights over such shares) since the commencement of the Offer Period.

The first closing date of the Offer is 4 September 2006. On 5 September 2006, RAL will make a further announcement in accordance with Rule 17 of the City Code.

Terms used in this announcement shall have the meaning given to them in the Offer Document dated 14 August 2006.

Seymour Pierce Limited, which is authorised and regulated in the United Kingdom by theFinancial Services Authority is acting for RAL in connection with the Offer and no one else and will not be responsible to anyone other than RAL for providing the protections afforded to clients of Seymour Pierce nor for providing advice in relation to the Offer or any matter referred to herein.

This announcement is not intended to and does not constitute or form any part of, an offer to sell or an invitation to purchase or the solicitation of an offer to subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise. The Offer will be made solely through the Offer Document and the Form of Acceptance, which will together contain the full terms and conditions of the Offer, including details of how to accept the Offer. Any acceptance or other response to the Offer should be made only on the basis of the information contained in the Offer Document and the Form of Acceptance.

The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. In particular, the Offer is not being made, directly or indirectly, in the United States, Canada, Australia or Japan. This announcement has been prepared for the purpose of complying with English law and the Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England.


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

Writer:J P Fear
Date:Friday August 25 2006
Time: 8:00AM

Comments

0
ok - what does this mean in layman terms - has he still got to get 75% ..and by when ? Does he own the club yet ?
qKing
25/08/2006 08:50:00
0
He's the majority shareholder, same as Ellis was before. If he wants sole ownership then he needs 75% but he will get that in time no trouble. 6 days left to open his wallet up! Think the quality of the signings will show us which way we are going.
DeanoVilla
25/08/2006 10:27:00
0
The best read I've experienced in a long, long, while.
glensider
25/08/2006 13:26:00
0
I am concerned that with only 3% returned from the minority shareholders in the last 10 days, it is going to be an uphill struggle to pull-in another 15% before the specified deadline within the next 10 days. I'm not sure where that leaves us, except I can't see how MON can add to the squad as has been reported on the AV website.
villacross
26/08/2006 02:02:00
Page 1/1
  1. 1

Login to post a comment

Recent Aston Villa Articles

Villa's International Injury Update

Another tired and boring international break in the world of football, so here's an update from Bodymoor Heath on our walking wounded.

The Villa Times - 24/03/2017 (Aston Villa News Round-up)

The latest Aston Villa news and views via the uno fish ial one...

Videos. Inside The Aston Villa Dressing Room

Hate international breaks, so hey, thought some of you might have missed these. Quite good fun some of them.

Villa Replicate Reading Offer

With Reading charging our fans (season ticket holders or members) only £20 for our trip to the Madejski Stadium earlier in the season, Villa have reciprocated the deal...

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)

I have nothing to ask! I hate international breaks!
Suggested By: ;o)
Agree86%
Disagree8%
Whatever 6%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 38 24 6 8 78 38
2 Brighton 38 23 8 7 77 30
3 Huddersfield 37 22 5 10 71 4
4 Leeds Utd 38 21 6 11 69 16
5 Reading 38 20 7 11 67 2
6 Sheff Wed 38 18 8 12 62 9
7 Fulham 38 16 13 9 61 19
8 Norwich 38 16 9 13 57 9
9 Preston 38 15 12 11 57 6
10 Derby County 38 14 11 13 53 3
11 Barnsley 38 14 9 15 51 0
12 Aston Villa 38 13 12 13 51 0
13 Cardiff 38 14 9 15 51 -1
14 Brentford 38 14 8 16 50 3
15 Q.P.R. 38 14 8 16 50 -5
16 Wolves 37 12 9 16 45 -2
17 Ipswich 38 10 15 13 45 -9
18 Birmingham 38 11 12 15 45 -16
19 Bristol City 38 11 8 19 41 -3
20 Forest 38 11 8 19 41 -11
21 Burton 38 10 11 17 41 -14
22 Blackburn 38 9 13 16 40 -11
23 Wigan 38 8 10 20 34 -13
24 Rotherham 38 4 5 29 17 -54
The Vital Football Members League
Latest F1 News
More calls to ban the shark fins
Latest Vital Boxing News
Taylor v Joubert – Meadowbank, Scotland
Vital Football Comment

Recent Aston Villa Results (view all)

Aston Villa Fixtures (view all)

Apr 1 2017 3:00PM : Norwich City (H)
Sky Bet Championship
Apr 4 2017 7:45PM : Queens Park Rangers (H)
Sky Bet Championship
Apr 8 2017 3:00PM : Burton Albion (a)
Sky Bet Championship
Apr 15 2017 3:00PM : Reading (H)
Sky Bet Championship
Apr 17 2017 2:45PM : Fulham (a)
Sky Bet Championship
Apr 23 2017 12:00PM : Birmingham City (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.The Fear360
2.Pride of Lions287
3.sirdennis283
4.JuanPabloAngel240
5.HeathfieldRoad1874234
6.Sasquatch167
7.Silhillvilla163
8.Melon Donkey152
9.BodyButter134
10.DeanoVilla128
Write for Vital Football