HARRYCAT
- 29 Apr 2015 08:04
- 70 of 72
StockMarketWire.com
Quintain Estates & Development has established a second joint venture with Keystone Alto SA, a subsidiary of Keystone Group Holding AG, to deliver the next 260,000 sq ft residential development at Wembley Park.
Highlights:
· Second 50:50 joint venture with Keystone at Wembley Park, for development of Alto
· £19.0 million paid for the 1.5-acre plot and £8.0 million agreed separately for infrastructure
· Transaction continues the acceleration of residential development at Wembley Park
· Development will contribute 120 more homes to Quintain's PRS business
HARRYCAT
- 29 Jul 2015 08:36
- 71 of 72
StockMarketWire.com
Quintain Estates and Bailey Acquisitions Ltd have agreed terms for a recommended offer of the former company. Quintain shareholders will receive 131p in cash for each share, valuing its share capital at about £700m.
HARRYCAT
- 25 Sep 2015 17:59
- 72 of 72
DELISTING
Earlier today Bailey Acquisitions Limited (Bidco), an investment vehicle indirectly controlled by Lone Star Real Estate Fund IV, announced that its increased cash offer of 141p per share (the Increased Offer Price) for Quintain Estates and Development PLC (Quintain) (the Increased Offer) was unconditional in all respects.
Bidco also announced that:
· as at 5.00 p.m. (London time) on 24 September 2015, Bidco had received valid acceptances of the Increased Offer in respect of 377,583,165 Quintain Shares, representing approximately 71.73 per cent. of the existing issued share capital of Quintain;
· Bidco has today acquired 22,614,870 Quintain Shares at the Increased Offer Price, representing in aggregate approximately 4.30 per cent. of the ordinary share capital of Quintain and that these purchases will settle on Tuesday 29 September 2015; and
· once these purchases have settled, Bidco will have received valid acceptances of the Increased Offer in respect of, or has acquired or agreed to acquire, 400,198,035 Quintain Shares representing approximately 76.03 per cent. of the existing issued share capital of Quintain.
Delisting
As Bidco has, by virtue of acceptances of the Increased Offer and of the shares it has agreed to acquire today, acquired, or agreed to acquire, Quintain Shares representing at least 75 per cent. of the voting rights of Quintain, Quintain confirms that the 20 Business Days' notice period for the cancellation of listing of Quintain Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the trading in Quintain Shares on the London Stock Exchange's main market for listed securities has commenced. It is anticipated that the cancellation of listing and trading will take effect on or shortly after 8.00 a.m. (London time) on 23 October 2015. Such cancellation would significantly reduce the liquidity and marketability of any Quintain Shares not assented to the Increased Offer at that time.