L'OrÃ©al buys 10.49% of The Body Shop's share capitalLÂ’OrÃ©al S.A. (Â“LÂ’OrÃ©alÂ”) confirms that it has purchased, through JPMorgan Cazenove Limited, 22,800,000 ordinary shares in The Body Shop International PLC (Â“The Body ShopÂ”).
These shares, together with the shares that are the subject of the irrevocable undertakings and the call option detailed in the LÂ’OrÃ©al announcement of 17 March 2006, will result in LÂ’OrÃ©al holding approximately 53.1% of the existing issued share capital of The Body Shop once the call option has been exercised and the relevant shareholders have complied with their obligations to accept the LÂ’OrÃ©al offer, subject to the Offer being declared wholly unconditional.
"This news release does not constitute an offer to sell, or a solicitation of an offer to buy, LÂ’OrÃ©al shares. If you wish to obtain more comprehensive information about LÂ’OrÃ©al, please refer to the public documents registered in France with the AutoritÃ© des MarchÃ©s Financiers.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."
Contacts at L'OREALIndividual shareholders and market authorities
Mr Jean-RÃ©gis CAROF
Tel. : +18.104.22.168.83.02
Financial analysts and institutional investors
Mrs Caroline MILLOT
Tel. : +22.214.171.124.86.82
Fax : +126.96.36.199.80.02
Mr Mike RUMSBY
Tel. : +188.8.131.52.76.71