Confirmation of Termination of Offer Talks
The Board of AssetCo plc ("the Company") notes the recent announcement by Arcapita Bank B.S.C.(c) concerning the withdrawal of its offer proposal. Accordingly, the Company can confirm that it is no longer in talks with any parties regarding a takeover situation under the City Code on Takeovers and Mergers ("the Code").
As a result, the Company will not be proposing Resolution 4 as set out in the circular sent to all shareholders of the Company, dated 9th September 2011, at the general meeting to be held on 26th September 2011 concerning Rule 21.1 of the Code on the basis that this resolution is now redundant.
Arden Partners plc
Richard Day: +44 (0) 207 614 5917
Citigate Dewe Rogerson
Fiona Tooley: +44 (0) 121 362 4035
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