Source - LSE Regulatory
RNS Number : 8272L
Colefax Group PLC
10 September 2012


Colefax Group plc


("Colefax" or the "Company")


Result of Tender Offer


Further to the announcement made on 28 August 2012 concerning the proposed Tender Offer to buy up to GBP4million worth of Shares of the Company, representing 11.5 per cent. of the issued share capital of the Company, at a fixed price of 250 pence per Share, the Company is pleased to announce that a total of 2,100,242 Shares were validly tendered under the Tender Offer.


1,600,000 Shares will be repurchased at 250 pence per Share by Peel Hunt, acting as principal, following which the Company will repurchase the Shares from Peel Hunt and cancel all those Shares purchased by Peel Hunt under the terms of the Tender Offer.


Under the Tender Offer, each Eligible Shareholder was entitled to have up to 11.5 per cent. of his or her shareholding purchased by Peel Hunt at 250 pence per Share. For those Eligible Shareholders who validly tendered their Basic Entitlement, such number of Shares tendered will be accepted in full. For those Shareholders with a holding of less than 500 Shares at the Record Date and who tendered more than their Basic Entitlement, such number of Shares tendered will be accepted in full, this amounts to 1,332 Shares. The remaining excess of 1,650,304 Shares tendered into the process will be scaled back and 1,150,062 Shares will be purchased from Eligible Shareholders who offered to tender more than their Basic Entitlement and who did not hold less than 500 Shares at the Record Date. This equates to approximately 69.7 per cent. of the excess Shares tendered being satisfied.


It is expected that cheques will be dispatched and CREST payments made as soon as practicable after 13 September 2012. Any queries concerning the calculation of accepted tenders and administration of the Tender Offer should be addressed to Computershare Investor Services PLC on +44 (0)870 889 3295.


Following implementation of the Tender Offer, the Company will have 12,310,000 Shares in issue (there are currently no Shares held in treasury). The number of voting rights in the Company will therefore be 12,310,000.


As a result of the Tender Offer, there have been the following changes to the holdings of the following Directors and their connected persons:



Number of Shares successfully tendered

Holding of Shares following the Tender Offer

% of issued share capital following the Tender Offer

David Green




Robert Barker*




Wendy Nicholls





*the Shares to be successfully tendered by Robert Barker comprise 6,700 in his name and 6,300 Shares in his wife's name.


Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the circular sent to Eligible Shareholders dated 28 August 2012.


For further information:

Colefax Group plc              David Green, Chairman       Tel: 020 3178 6378

                                     Robert Barker, Finance Director


Peel Hunt LLP                   Dan Webster                    Tel: 020 7418 8900

(NOMAD & Broker)             Matthew Armitt

                                     Richard Brown


Biddicks                          Katie Tzouliadis                Tel: 020 3178 6378

                                    Sophie McNulty



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