Offer for Horizon
Capital Markets, Ltd, reports that acceptances have been received for about 78 per cent of all Horizon ordinary shares and 60 per cent of all Horizon options. The level of acceptances is regarded as satisfactory, considering the delays caused by the Christinas break and the heavy volume of trading in Horizon shares before December 20. The volume of trading has meant delays in issuing share and option certificates and offer acceptance forms to new Horizon shareholders to enable them to accept the offer.
If acceptances are received at a satisfactory rate, the directors expect to be able to announce that the offer is unconditional later this week or early next week. This will enable the company to list on the Stock Exchange before the end of January, subject to normal approvals being obtained.
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Press, 15 January 1986, Page 29
Word Count
136Offer for Horizon Press, 15 January 1986, Page 29
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