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Tuesday, 27 March 2007

GILLETT AND HICKS SET FOR TAKEOVER

Paul Eaton 27 March 2007
Further to the announcement made on March 13th that the offer for the entire issued share capital of Liverpool FC by George Gillett and Tom Hicks had been declared unconditional, the pair have announced today that the offer has now closed.
In a statement released on behalf of Kop Football Limited, Mr Gillett and Mr Hicks confirmed they had received valid acceptances in respect of 34,343 Liverpool Shares, representing approximately 98.6 per cent of Liverpool's issued share capital to which the Offer relates.

As a consequence, Mr Gillett and Mr Hicks intend to exercise their rights pursuant to the provisions of the Companies Act to acquire compulsorily the remaining Liverpool Shares.

The pair, who also intend to seek to re-register Liverpool as a private limited company, will be at Anfield this weekend for the visit of Arsenal.

Commenting on the announcement, Chief Executive Rick Parry said: "The incredibly high level of acceptance of the offer shows shareholders have faith in the vision outlined for the club by George Gillett and Tom Hicks."

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