BAA in discussions
05 June 2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM CANADA
The Board of BAA confirms it is holding discussions with the Ferrovial Consortium and is also currently in talks with another party. The Board of BAA advises shareholders to take no action and will update shareholders in due course.
Note 7 of Rule 2.4 of the City Code on Takeovers and Mergers requires BAA to clarify that this statement is being made by BAA without prior agreement with the Ferrovial Consortium or the other party and that there can therefore be no certainty whether any offer or revised offer will be made nor as to the terms on which any offer or revised offer might be made.
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Telephone +44 (0)20 7932 6654 (24 hours)
Email: BAAmediacentre@baa.com
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Institutional investors/analysts enquiries
Tel +44 (0)20 7932 6776
investor_enquiries@baa.com
Shareholder Enquiries
General share registration enquiries
0870 162 3100
baa@capitaregistrars.com
Brunswick: Richard Jacques
Tel: +44 (0)7974 982557
Nick Claydon
Tel: +44 (0)7974 982547
The Board of BAA has received financial advice from Rothschild and UBS. In providing this advice, Rothschild and UBS have placed reliance on the commercial assessments of the Directors.
The Directors of BAA accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of BAA (who have taken all reasonable care to ensure that 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.
N M Rothschild & Sons Limited (“Rothschild”), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for BAA and no-one else in connection with the matters referred to herein and will not be responsible to anyone other than BAA for providing the protections afforded to clients of Rothschild or for giving advice in relation to such matters.
UBS Investment Bank (“UBS”), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for BAA and no-one else in connection with the matters referred to herein and will not be responsible to anyone other than BAA for providing the protections afforded to clients of UBS or for giving advice in relation to such matters.
Hoare Govett, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for BAA and no-one else in connection with the matters referred to herein and will not be responsible to anyone other than BAA for providing the protections afforded to clients of Hoare Govett or for giving advice in relation to such matters.
This document contains statements that are or may be forward-looking with respect to the financial condition, results of operations and businesses of BAA. These forward-looking statements include risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors which could or may cause actual results or developments to differ materially from those expressed or implied by such forward-looking statements.
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