Offer for Minerva

Acquisition of Minerva by Jupiter Properties 2011 UK Limited

On 29 June 2011, the board of Minerva plc ("Minerva") and a consortium (the "Consortium") consisting of funds advised by AREA Property Partners (UK) Limited and a subsidiary of DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited announced the terms of a recommended cash offer by the Consortium, through a special purpose vehicle Jupiter Properties 2011 UK Limited ("Jupiter"), for the entire issued and to be issued share capital of Minerva (the "Offer").

Under the terms of the Offer, Minerva Shareholders were entitled to receive 120.5 pence in cash per Minerva Share.

On 19 August 2011, Jupiter announced that the Offer had been declared unconditional in all respects and on 19 September 2011 the listing of Minerva's shares on the Official List of the FSA was cancelled and Minerva Shares ceased trading on the London Stock Exchange's market for listed securities.

A copy of the Offer Document can be downloaded here. The Offer period is now closed.