AMED Amedeo Res

RNS No 781r
CHIROSCIENCE GROUP PLC
16 August 1999


Not  for  release, publication or distribution in or into the  United  States,
Canada, Australia or Japan


                    Celltech Chiroscience plc ("Celltech")
                                       
                         Recommended Merger Offer for
                    Chiroscience Group plc ("Chiroscience")
                                       
             Level of Acceptances and Issue of Section 429 Notices
                                       

By 3.00 p.m. on 13 August 1999, valid acceptances of the Merger Offer had been
received in respect of 103,807,411 Chiroscience Shares, representing 90.15 per
cent. of the issued ordinary share capital of Chiroscience.

Accordingly, Celltech now intends to exercise its right pursuant  to  sections
428  to 430F of the Companies Act 1985 to compulsorily acquire any outstanding
Chiroscience  Shares to which the Merger Offer relates which it  has  not  yet
acquired  or  contracted to acquire.  Section 429 notices will  be  despatched
shortly  to  Chiroscience Shareholders who have not yet  accepted  the  Merger
Offer.

The  Merger Offer remains open for acceptance and will continue to remain open
throughout the compulsory acquisition notice period.



Enquiries:

Celltech Chiroscience plc
Peter Allen, Chief Operating Officer              Tel : 01753 534 655
Christine Soden, Chief Financial Officer

Flemings
Simon Gorringe                                    Tel : 0171 638 5858



Terms  defined  in the Merger Offer Document dated 6 July 1999 have  the  same
meaning in this press release.

Flemings, which is regulated in the UK by The Securities and Futures Authority
Limited, is acting for Celltech and no one else in connection with the  Merger
Offer  and will not be responsible to anyone other than Celltech for providing
the  protections afforded to customers of Flemings or for providing advice  in
relation to the Merger Offer.

This announcement has been approved by Flemings for the purposes of section 57
of the Financial Services Act 1986.

END

OFFSFEFIMUUUFEA

Grafico Azioni Amedeo Res (LSE:AMED)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Amedeo Res (LSE:AMED)
Storico
Da Lug 2023 a Lug 2024