Date: 5th September 2006 at 9:01am
Written by:

Recommended Cash Offer for Aston Villa plc (‘Aston Villa’) by Reform Acquisitions Limited (‘RAL’)

Level of acceptances and extension of Offer

As at 1.00 p.m. (London time) on 4 September 2006, valid acceptances had been received in respect of 9,790,187 Aston Villa Shares, representing approximately 85.50 per cent. of Aston Villa’s issued share capital to which the Offer relates (being 11,449,245 Aston Villa Shares).

This total includes acceptances in respect of 6,508,423 Aston Villa Shares for which RAL had received irrevocable undertakings to accept the Offer, representing approximately 56.85 per cent. of the issued share capital of Aston Villa.

The Offer has been extended and will remain open until 1.00pm on 18 September 2006.

Neither RAL nor any person acting in concert with RAL for the purposes of the Offer held any Aston Villa Shares (or rights over such shares) before 19 September 2005, the first day of the Offer Period, nor has any such person acquired or agreed to acquire any such shares (or rights over such shares) since the commencement of the Offer Period.

This announcement should be read in conjunction with the Offer Document dated 14 August 2006. Terms used in this announcement shall have the meaning given to them in the Offer Document.

Further acceptances

For Aston Villa Shares held in certificated form, Forms of Acceptance not returned should be completed and returned in accordance with the instructions set out in the Offer Document and on the Form of Acceptance so as to be received as soon as possible.

For Aston Villa Shares held in uncertificated form, Electronic Acceptances should be made in accordance with the instructions set out the Offer Document so
that settlement occurs as soon as possible.

Any Aston Villa Shareholder requiring additional Forms of Acceptance, should contact Capita Registrars on 0870 162 3121 or, if calling from outside the
UK, +44 (0) 20 8639 2157 (during normal business hours only).

 

19 Replies to “Lerner With 85.5% Of Villa Shares”

  • I take it they have extended the period in order to reach 90% and then take the club back into private ownership?

  • At this point I think we have to say a well done to DO’L and players involved with the statement. This plunged the club into a media frenzy ‘crisis’ which led to us getting a new manager and also gave the green light for the takeover bids to come in.

  • Interesting point tylervilla. It would certainly be interesting to know whether Randy was in contact prior to the D’Ol sacking. For some reason I reckon he and others must have been and that brought it to a head. But who knows. I understand that 85% gives

  • One final annoying point, why does the official site always call him Lerner when Ellis has been Mr Ellis for years? Does DD write the web site too?

  • It’s a hap hap happy day,
    and whatever you’ve gotta do
    you’ve got a lovely day to do it in
    that’s true

  • Gordon’s left boot… I believe he is effectively tied in, as he has bought the 60% shareholding from Ellis and Petchy, and is now obliged to buy the 25% of shares held by other shareholders that accepted the offer. He owns 85% of shares. He’d have to sel

  • Maybe it is just me, but I do not believe that the biggest issue that the Villa has had is in investment in the team! Over the past few years we have punched above our weight in the money spent on new players. The problem has been that it has been spent o

  • Don’t expect miracles. It will take the new owners time to recruit the people necessary to drive the business side of the club forward. However, Randy Lerner hasn’t invested £60 million+ to sit on his hands so we should expect a new CEO to be appointed so

  • Stevew. You are quite right in saying that things will develop in time. The best thing I can think of to say for Ellis is that he never quite destroyed the solid foundations upon which the club was built. So whilst he failed to take us to the levels of Ma

  • above should read exploiting ‘young girls’ not ‘your girls’. OOOps. Anybody know a good proof reader????

  • To correct my earlier post, a statement made on AVFC website states that Lerner’s offer is conditional on obtaining 90% of the share capital. In other words, Gordon’sleftboot, your worst fears may be realised and he can walk away if he doesn’t obtain 90%.

  • with up to 5% of share forms sent back wrongly filled in or without share certificates, hopefully the 90% figure won’t be too far away. It is still not unconditional, but 85.5% isn’t a bad return to kick off with!

  • Agreed JF, and the 90% figure should be a mere formality. Would help though if those selfish individuals holding onto their shares, or a number of their shares, for whatever obscure reason, did the right thing and agreed to transfer them to RAL without fu

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