This announcement is not for release, publication or distribution in whole or in part in or into the
The Boards of
-- The Offer will be one new SMH Share for every SMC Share held.
The Offer will be made subject to the conditions and further terms of the Offer set out in the Offer document and the Form of Acceptance which are available for download, together with a Circular for SMH shareholders, from the company website – www.stmarkhomes.co.uk.
The Offer is also conditional on resolutions to be proposed at a SMH GM on 19 July being duly passed.
Related Party Transaction (ISDX Rule 55)
The Board (and associates) have given undertakings to support the Offer at the SMH GM and to accept the Offer in respect of their shares in SMC representing in aggregate approximately 40.55 percent of the issued share capital of SMC. The individual interests of directors are detailed below.
The interests of the directors of SMC, their immediate families and (so far as the directors of SMC are aware) connected persons (within the meaning of section 346 of the Act) in the share capital of SMC as at
Director Number of SMC Shares % of Share Capital Bernard Tansey 87,500 11.3 Companies related to Bernard Tansey 194,000 25 Family of Barry Tansey 10,000 1.3 Sean Ryan 12,500 1.6 Family of Sean Ryan 10,000 1.3 Michael Chicken NIL - William Gair NIL -
As at the close of business on
Director Number of SMH Existing Shares % of Share Capital Bernard Tansey 278,750 9.4 Family of Bernard Tansey 167,285 5.6 Barry Tansey 72,750 2.5 Sean Ryan 72,250 2.4 Family of Sean Ryan 6,000 0.2 Family of William Gair 11,000 0.4
The SMH Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the SMH Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.