Readymix Plc - Possible offer from Cemex

RNS Number : 8081V
Readymix PLC
19 January 2012

Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction

This announcement is not an announcement of a firm intention to make an offer under rule 2.5 of the irish takeover panel act, takeover rules 2007 (as amended) and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

Readymix plc (the "Company")

Possible offer from Cemex

The directors of the Company announce that they have received an approach from Readymix Investments, a wholly owned indirect subsidiary of Cemex España, S.A outlining the terms of a possible offer which it may be prepared to make for all the shares of the Company other than shares currently owned by it or another member of the CEMEX group.

Readymix Investments has indicated to the directors of the Company that it would be prepared to offer Euro 0.22 per share in cash. Shareholders should note that the approach is preliminary in nature and there can be no certainty that an offer will be made.

Discussions have commenced with Readymix Investments, which has consented to this announcement.

The Company intends to release a trading update shortly for the financial year ended 31 December 2011.


END

Enquiries:
Ivan Murphy
Director
Davy Corporate Finance
(Rule 3 Adviser to Readymix plc)
Tel: 3531 679 6363

Any holder of 1% or more of any class of relevant securities of the Company may have disclosure obligations under Rule 8.3 of The Irish Takeover Panel Act, 1997, Takeover Rules 2007 (as amended) effective from the date of this announcement.

The directors of the Company accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure 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.

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



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