Statement re mandatory offer (5697A)
April 02 2012 - 3:35AM
UK Regulatory
TIDMACS TIDMQPP
RNS Number : 5697A
AI Claims Solutions PLC
02 April 2012
Ai Claims Solutions PLC
("Ai" or the "Company")
Statement re mandatory offer
The Board of Ai notes the announcement issued on 2 April 2012
regarding the mandatory offer by Quindell Portfolio plc for the
entire issued (and to be issued) share capital of Ai (the
"Offer").
The Board of Ai will communicate its advice to shareholders as
soon as practicable.
In accordance with Rule 2.10 of the Code, the Company announces
that it has 60,944,522 ordinary shares of 10 pence each in issue.
The International Securities Identification Number for the
Company's ordinary shares is GB0009374090.
For further information, please contact:
Ai Claims Solutions plc
David Sandhu 0844 571 3108
Peter Harrison 0844 571 3200
Shore Capital & Corporate Ltd
Stephane Auton / Patrick Castle 020 7408 4090
Disclosure requirements of the Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any paper offeror (being any offeror other than an
offeror in respect of which it has been announced that its offer
is, or is likely to be, solely in cash) must make an Opening
Position Disclosure following the commencement of the offer period
and, if later, following the announcement in which any paper
offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in,
and rights to subscribe for, any relevant securities of each of (i)
the offeree company and (ii) any paper offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business
day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any paper offeror
is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any paper offeror must make a Dealing
Disclosure if the person deals in any relevant securities of the
offeree company or of any paper offeror. A Dealing Disclosure must
contain details of the dealing concerned and of the person's
interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any
paper offeror, save to the extent that these details have
previously been disclosed under Rule 8. A Dealing Disclosure by a
person to whom Rule 8.3(b) applies must be made by no later than
3.30 pm (London time) on the business day following the date of the
relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a paper
offeror, they will be deemed to be a single person for the purpose
of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. If you are in any doubt as to whether you are required
to make an Opening Position Disclosure or a Dealing Disclosure, you
should contact the Panel's Market Surveillance Unit on +44 (0)20
7638 0129.
In accordance with Rule 19.11 of the Code, a copy of this
announcement will be published on the Company's website at
www.aiclaimssolutions.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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