Patron Sports Holding SARL Statement re Possible Offer (6049G)
July 02 2012 - 1:40AM
UK Regulatory
TIDMGOAL
RNS Number : 6049G
Patron Sports Holding SARL
02 July 2012
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 IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO
MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER
WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE
MADE
FOR IMMEDIATE RELEASE
Statement re. Goals Soccer Centres Plc ("GSC")
2 July 2012
The Board of Patron Sports Holding Sarl ("Patron") which is the
controlling shareholder of Powerleague Group Ltd ("Powerleague")
notes the recent press speculation and confirms that it is
currently considering its options in respect of GSC, which may or
may not result in an offer for the entire share capital of GSC.
There can be no certainty any offer will be made, or as to the
terms of any offer.
In accordance with Rule 2.6(a) of the Code, Patron is required,
by not later than 5.00 p.m. on 30 July 2012, to either announce a
firm intention to make an offer for the Company in accordance with
Rule 2.7 of the Code or announce that it does not intend to make an
offer, in which case the announcement will be treated as a
statement to which Rule 2.8 of the Code applies. This deadline can
be extended with the consent of the Panel in accordance with Rule
2.6(c) of the Code.
A copy of this announcement will be available at
www.patroncapital.com/patronsportsholding.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
Enquiries
Rothschild
(Financial adviser)
Avi Goldberg 020 7280 5000
---------------------- --------------
N.M. Rothschild & Sons Limited ("Rothschild"), which is
authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for Patron and for no one
else in connection with the subject matter of this announcement and
will not be responsible to anyone other than Patron for providing
the protections afforded to its clients or for providing advice in
connection with the subject matter of this announcement.
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 10(th) 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 byany 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 DisclosureTable on the
Takeover Panel's website at www.thetakeoverpanel.org.uk, including
details ofthe number of relevant securities in issue, when the
offer period commenced and when anyofferor was first identified. If
you are in any doubt as to whether you are required to make
anOpening Position Disclosure or a Dealing Disclosure, you should
contact the Panel's Market Surveillance Unit on +44 (0)20 7638
0129
This information is provided by RNS
The company news service from the London Stock Exchange
END
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