Rule 2.10
August 28 2009 - 1:00AM
UK Regulatory
TIDMCNT TIDMFNT
RNS Number : 1465Y
Connaught PLC
28 August 2009
For immediate release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
Recommended share offer
by
Connaught plc
For
Fountains plc
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers,
Connaught plc ("Connaught") confirms that it has 131,058,286 ordinary shares of
2 pence each in issue.
The International Securities Identification Number (ISIN) for the Connaught's
ordinary shares is GB00B139BQ35.
Enquiries:
+------------------------------------------------------------+-----------------------+
| Connaught plc | Tel: +44 (0) 1392 444 |
| | 546 |
+------------------------------------------------------------+-----------------------+
| Mark Davies (Chief Executive Officer) | |
+------------------------------------------------------------+-----------------------+
| Stephen Hill (Financial Director) | |
+------------------------------------------------------------+-----------------------+
| Close Brothers Corporate Finance Ltd (Financial adviser to | Tel: +44 (0) 207 655 |
| Connaught) | 3100 |
+------------------------------------------------------------+-----------------------+
| Peter Alcaraz | |
+------------------------------------------------------------+-----------------------+
| Jonathan Arrowsmith | |
+------------------------------------------------------------+-----------------------+
Close Brothers, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Connaught and is acting
for no one else in connection with the Offer and will not be responsible to
anyone other than Connaught for providing the protections afforded to clients of
Close Brothers, nor for providing advice in connection with the Offer or any
other matters referred to herein.
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1 per cent. or more of any class of
"relevant securities" of Connaught or Fountains plc ("Fountains"), 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 p.m. (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the Scheme Effective Date or the date on which
the Scheme lapses or is otherwise withdrawn or on which the "offer period" (for
the purposes of the City Code) 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 Connaught or Fountains,
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 Fountains by Connaught, or of Connaught by Fountains, 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 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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