RAL Takeover Close
Statement from AVFC plc.
Following this morning's announcement by RAL regarding the proposed takeover of Aston Villa, supporters should be aware that the situation remains ongoing and that this announcement, whilst reflecting shareholder acceptance of 85.5%, does not constitute an end to the takeover process.
Current media reports to the contrary, are therefore inaccurate.
RAL's offer for the company remains conditional on 90% shareholder acceptance and the timescale for shareholders to return their forms of acceptance, along with their share certificates, has now been extended by RAL until 1pm, September, 18.
At this time, supporters should be aware that the existing Board of Directors, who recommended shareholders accept RAL's offer, currently remains in place. Further announcements will be made to the London Stock Exchange when appropriate although the club is liaising closely with RAL.
With up to 5% of the shareholding being sent back without share certificates or with wrongly filled in forms, it should only now be a matter of time, 85.5% is a great start, I must admit I expected a slightly lower figure to start with.
As noted in the RAL statement, there is a helpline for those that are confused with reference to filling in the form, returning the form with certificates or to explain to those who no longer have a share certificate what to do.
Any Aston Villa Shareholder requiring additional Forms of Acceptance, should contact Capita Registrars on 0870 162 3121 or, if calling from outside the
UK, +44 (0) 20 8639 2157 (during normal business hours only).