Stmnt re Share Price Movement
15 Luglio 2003 - 4:51PM
UK Regulatory
RNS Number:5794N
GB Railways Group PLC
15 July 2003
15 July 2003
GB Railways Group Plc ("GB Railways" or "the Company")
The board of GB Railways notes the recent movements in the Company's share price
and announces that it has received an approach from, and is in discussions with,
a potential offeror, that may or may not lead to an offer being made for the
entire issued and to be issued share capital of the Company.
The approach has been made at 250p per share in cash with a deferred cash
element payable dependent upon the outcome of the current bidding processes in
relation to certain rail franchises.
The making of any offer is subject to certain conditions. There can be no
certainty, therefore, that this approach will lead to an offer being made for
the Company.
Shareholders will be kept informed of developments, as appropriate.
Enquiries
GB Railways Group Plc 020 7983 5103
Jeremy Long / Max Steinkopf
Investec Investment Banking 020 7597 5970
Lee Aston
This information is provided by RNS
The company news service from the London Stock Exchange
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