TIDMACG
RNS Number : 4849X
Accuma Group PLC
14 August 2009
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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 of such jurisdiction.
FOR IMMEDIATE RELEASE
14 August 2009
Accuma Group Plc
Statement re Share Price Movement
The Board of Directors of Accuma Group Plc (AIM: STP) ("Accuma" or the
"Company") notes today's movement in the Company's share price and confirms that
it is in discussions, which may or may not lead to an offer being made for the
entire issued and to be issued share capital of Accuma.
The discussions are at a preliminary stage and there can be no certainty that an
offer will be made for Accuma or as to the terms on which any offer would be
made.
A further announcement will be made if and when appropriate.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the
"Code"), the Company confirms that it has 32,696,734 ordinary shares of
ten pence each in issue and admitted to trading on the AIM market of the London
Stock Exchange under the UK ISIN code GB00B06C5J30.
-ends-
Enquiries:
+-----------------------+-----------------------+
| Accuma Group Plc | FinnCap |
+-----------------------+-----------------------+
| Charles Taylor | Geoff Nash/Marc Young |
+-----------------------+-----------------------+
| Chairman | |
+-----------------------+-----------------------+
| Tel: | Tel. 020 7600 1658 |
+-----------------------+-----------------------+
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes
"interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of Accuma, all "dealings" in any "relevant securities" of
Accuma (including by means of an option in respect of, or a derivative
referenced to, any such "relevant securities") must be publicly disclosed by no
later than 3.30 p.m. (London time) on the London business day following the date
of the relevant transaction. This requirement will continue until the date on
which the offer becomes, or is declared, unconditional as to acceptances, lapses
or is otherwise withdrawn or on which the "offer period" otherwise ends. If two
or more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an "interest" in "relevant securities" of
Accuma they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Accuma or by any of their respective "associates", must be
disclosed by no later than 12.00 noon (London time) on the London business day
following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at www.takeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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