Statement re Possible Offer
January 15 2009 - 4:05AM
UK Regulatory
TIDMCET
Centrom Group plc ("the Company")
Potential offer
The Directors of the Company have noted the recent share price
movement. The Company confirms that it is in discussions which may or
may not lead to an offer being made for the Company.
A further announcement will be made in due course.
For further information please contact:
For further information please contact:
Gerald Malone, Chairman 07711 085611
Geoff Nash/Rose Herbert 020 7600 1658
FinnCap (Nominated adviser and joint broker)
John Webb/Robert Luetchford 020 7490 3788
Marshall Securities Limited (Financial adviser and
joint broker)
15 January 2009
The City Code on Takeovers and Mergers (the "City Code")
1) Rule 2.10 of the City Code
In accordance with Rule 2.10 of the City Code, the Company confirms
that it has 214,533,400 ordinary shares of 1 pence each in issue
under the ISIN code GB00B008N4R59.
2) Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, if any person is,
or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Centrom Group plc, all
"dealings" in any "relevant securities" of that company (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 pm (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unconditional as to acceptances, lapses or is otherwise withdrawn or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 Centrom Group plc, 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 City Code, all "dealings" in
"relevant securities" of Centrom Group plc by Centrom Group plc, 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.thetakeoverpanel.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 City Code, which can also
be found on the Takeover 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 Takeover Panel."
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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