EXA Excel Airways

RNS Number:7588D
Excel Airways Group PLC
06 October 2004

6 October 2004

Excel Airways Group plc

Press Comment

The Board of Excel Airways Group plc (the "Company") have noted a press article
released yesterday and wish to comment as follows.  The board is aware that
talks have taken place between Air Atlanta and Libra (the two major shareholders
of the Company) which could result in Air Atlanta acquiring the majority of
Libra's 39 per cent. shareholding.  In this event Air Atlanta would acquire a
majority shareholding and will trigger the need to make a cash offer for all of
the outstanding share capital not already owned by it.  The Board of Excel
Airways is aware that the price per share at which the share acquisition would
take place is materially below the current share price.

The Board will keep shareholders informed of future developments.

Contacts:

Teather & Greenwood Limited

Christopher Hardie/Jon Drage                020 7426 9000


Buchanan Communications

Richard Darby                                 020 7466 5000



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

SPCKGMGGLKMGDZM

Grafico Azioni Excel Airways (LSE:EXA)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Excel Airways (LSE:EXA)
Storico
Da Mag 2023 a Mag 2024