ASSOCIATED BRITISH PORTS HOLDINGS PLC (‘ABPH’ OR THE ‘COMPANY’)
Following the announcement on 29 March 2006 that ABPH had received a non-binding proposal from a consortium comprising Borealis Infrastructure Management Inc., an investment vehicle directed by GIC Special Investments Pte Ltd. and Goldman Sachs International (the ‘Consortium’), ABPH now announces that it has received a revised non-binding proposal at 810 pence in cash per ordinary share from the Consortium.
The Board has agreed to grant the Consortium a limited period to undertake confirmatory due diligence. A further announcement will be made as and when appropriate.
Note 7 of Rule 2.4 of the City Code on Takeovers and Mergers requires the Company to clarify that this statement is being made by the Company without prior agreement with the Consortium and that there can therefore be no certainty whether an offer will be made nor as to the terms on which any offer might be made.
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