Rule 2.10 Announcement
December 10 2009 - 9:32AM
UK Regulatory
TIDMCYH
RNS Number : 9332D
CybIT Holdings PLC
10 December 2009
Cybit Holdings plc ("Cybit" or the "Company")
RULE 2.10 ANNOUNCEMENT - RELEVANT SECURITIES IN ISSUE
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the
"Takeover Code"), Cybit confirms that it had 27,451,767 ordinary shares of 5
pence each in issue as at close of business on 9 December 2009. The ISIN
reference for these shares is GB00B04QS651.
DEALING DISCLOSURE REQUIREMENTS
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
"interested", (directly or indirectly) in one per cent. or more of any class of
"relevant securities"' of Cybit, all "dealings" in any "relevant securities" of
Cybit (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
3.30pm (London time) on the Business Day following the date of the relevant
transaction. This requirement will continue until the Effective Date or until
the date on which the Scheme lapses or is otherwise withdrawn or, on which the
"offer period" otherwise ends (or, if Bidco elects to effect the Acquisition by
way of a takeover offer, until the date on which such 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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 Cybit, 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 Cybit by Bidco or Cybit, or by any of their respective
"associates", must be disclosed by no later than 12:00 noon (London time) on the
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 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 Code, which can also be found on
the Panel's website at www.thetakeoverpanel.org.uk.
If you are in any doubt as to the application of Rule 8 to you, please contact
an independent financial adviser authorised under the Financial Services and
Market Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number +44 (0) 20 7638 0129; fax +44 (0) 20 7236
7013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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