Full details on the Quintain Estates & Development Takeover including instructions on how to participate, the options available to you, and any deadline applicable.
Quintain Estates & Development

QUINTAIN ESTATES & DEVELOPMENT - TAKEOVER

CORPORATE ACTION REFERENCE: 201501123

This corporate action is a Takeover.

A takeover occurs when one Company (usually a larger Company, known as the Bidding Company) attempts to take control over another Company (usually a smaller Company, known as the Target Company).

Within this corporate action you have a series of options of which one is a default.  If you wish to select the default you do not need to reply.

Please note we must be in receipt of your instruction by 3 September 2015 should you wish to select an option other than the default.

If you would like further information about the terminology used in this notification, please visit our Ask A Question site

EVENT TERMS

Offer made by Bailey Acquisitions LTD

Tender Price: GBP 1.31

EVENT OPTIONS

Option 1: Cash

Option 2: No Action (DEFAULT)

IF YOU WISH TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

If Bidco receives acceptances under the Offer in respect of, and/or otherwise acquires, not less than 90 percent of the Quintain Shares to which the Offer relates by nominal value and voting rights attaching to such shares, Bidco intends to exercise its rights pursuant to section 979 of the UK Companies Act to acquire compulsorily the remaining Quintain Shares. 

After the Offer becomes or is declared unconditional in all respects and if Bidco has by virtue of its shareholdings and acceptances of the Offer acquired, or agreed to acquire, Quintain Shares representing at least 75 percent of the voting rights of Quintain, Bidco intends to procure the making of an application by Quintain for cancellation, respectively, of the trading in Quintain Shares on the London Stock Exchange`s main market for listed securities and of the listing of Quintain Shares on the premium listing segment of the Official List. 

A notice period of not less than 20 Business Days before the cancellation will commence on the date on which the Offer becomes or is declared unconditional in all respects provided Bidco has attained 75 percent or more of the voting rights as described above or otherwise as soon as Bidco attains 75 percent or more of the voting rights of Quintain as described above. 

Delisting would significantly reduce the liquidity and marketability of any Quintain Shares not assented to the Offer.

We will aim to update your account within five business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.

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