05 Jun 2008

Cancellation of shares on AIM

Following the announcement earlier this morning by Tesco Holdings Limited ('Tesco') that its recommended cash offer ('Offer') for Dobbies Garden Centres plc ('Dobbies') has been declared unconditional in all respects, Dobbies announces that it expects that cancellation of admission of Dobbies Ordinary Shares to trading on the AIM Market of the London Stock Exchange will occur on 3 July 2008 at 7.00 a.m.

Tesco has received a valid acceptance of the Offer in respect of 3,024,255 Dobbies Shares held by West Coast Capital (Lios) Limited and accordingly Tesco's total beneficial interest in Dobbies is now approximately 94.7%. James Barnes and Sharon Brown, being the independent directors of Dobbies, are recommending that Dobbies shareholders accept the offer. The first closing date of the Offer is 1.00 p.m. on 24 June 2008.

Enquiries:
James Barnes, Chief Executive
Sharon Brown, Finance Director
Dobbies Garden Centres plc 
Tel: 0131 663 6778
 
Sandy Fraser
Brewin Dolphin Limited (Nomad)
Tel: 0131 529 0272
 
Ben Woodford / Emma Kent / Antonia Coad
Bell Pottinger Corporate & Financial
Tel: 020 7861 3232

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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