TIDMBBY
RNS Number : 5519P
Balfour Beatty PLC
19 August 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO
UNDERTAKE ANY TRANSACTION UNDER RULE 2.7 OF THE CITY CODE ON
TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY
THAT ANY TRANSACTION WILL PROCEED NOR AS TO THE TERMS OF ANY
TRANSACTION
FOR IMMEDIATE RELEASE
19 August 2014
Balfour Beatty plc
Statement by the Board of Balfour Beatty
The Board of Balfour Beatty notes the announcement made by the
Board of Carillion this afternoon.
The Board of Balfour Beatty will consider this announcement by
Carillion and will make a further announcement in due course.
There can be no certainty that an offer will be made by
Carillion for Balfour Beatty nor as to the terms of any such
offer.
This announcement is not being made with the consent of
Carillion.
Enquiries:
Balfour Beatty
Anoop Kang, Head of Investor Relations
+44 (0) 20 7216 6913
anoop.kang@balfourbeatty.com
Patrick Kerr, Director of Corporate Communications
+44 (0) 20 7963 4258
patrick.kerr@balfourbeatty.com
Goldman Sachs (Lead Financial Advisor and Corporate Broker to
Balfour Beatty)
Anthony Gutman
Philip Shelley
Owain Evans
+44 (0) 20 7774 1000
BofA Merrill Lynch (Joint Financial Advisor and Corporate Broker
to Balfour Beatty)
Michael Findlay
Justin Anstee
Georgina Stober
+44 (0) 20 7628 1000
Maitland (Media Advisor to Balfour Beatty)
Neil Bennett
Liz Morley
James Isola
+44 (0) 20 7379 5151
Directors' Responsibility Statement
The Directors of Balfour Beatty accept responsibility for the
information contained in this document. To the best of the
knowledge and belief of the Directors, who have taken all
reasonable care to ensure such is the case, the information
contained in this document is in accordance with the facts and does
not omit anything likely to affect the import of such
information.
This announcement is for information purposes only and does not
constitute an offer to sell or an invitation to purchase any
securities or the solicitation of an offer to buy any securities,
pursuant to the offer or otherwise.
Disclosure requirements of 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 securities exchange 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
securities exchange 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
securities exchange 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 securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange 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 securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange 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 securities exchange 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
securities exchange 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. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
Publication on website
A copy of this announcement will be made available subject to
certain restrictions relating to persons resident in restricted
jurisdictions on Balfour Beatty's website at
www.balfourbeatty.comby no later than 12 noon (London time) on 20
August 2014.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
Further information
Goldman Sachs International, which is authorised by the
Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority in the
United Kingdom, is acting as financial advisor to Balfour Beatty
and no one else in connection with the matters referred to in this
announcement. In connection with such matters Goldman Sachs
International, its affiliates and its and their respective
directors, officers, employees and agents will not regard any other
person as their client, nor will they be responsible to anyone
other than Balfour Beatty for providing the protections afforded to
clients of Goldman Sachs International, or for giving advice in
connection with the contents of this announcement or any other
matter referred to herein.
Merrill Lynch International ("BofA Merrill Lynch"), a subsidiary
of Bank of America Corporation, is acting exclusively for Balfour
Beatty in connection with the matters referred to in this
announcement and for no one else and will not be responsible to
anyone other than Balfour Beatty for providing the protections
afforded to its clients or for providing advice in relation to the
contents of this announcement or any other matter referred to
herein.
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 OR REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A TAKEOVER OFFER OR AN OFFER
OF SECURITIES. NO OFFER OR SALE OF SECURITIES MAY OCCUR IN THE
UNITED STATES UNLESS THE TRANSACTION HAS BEEN REGISTERED UNDER THE
US SECURITIES ACT OF 1933 (THE "SECURITIES ACT") OR IS EXEMPT FROM
REGISTRATION THEREUNDER. NO SECURITIES HAVE BEEN OR WILL BE
REGISTERED UNDER THE SECURITIES ACT AND THERE WILL BE NO PUBLIC
OFFER OF SECURITIES IN THE UNITED STATES.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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