Rule 2.10 Announcement
April 24 2008 - 9:38AM
UK Regulatory
RNS Number:0655T
Scottish & Newcastle PLC
24 April 2008
24 April 2008
Scottish & Newcastle plc
Rule 2.10 Announcement - Relevant Securities in Issue - Update
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Scottish
& Newcastle plc confirms that it has 963,418,714 ordinary shares of 20 pence
each in issue as at the close of business on 23 April 2008.
The ISIN reference for these securities is GB0007839698.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or
more of any class of "relevant securities" of Scottish & Newcastle, all
"dealings" in any "relevant securities" of Scottish & Newcastle (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 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withdrawn or on which the "offer period" otherwise ends.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 Scottish &
Newcastle, 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 Scottish & Newcastle by Carlsberg A/S, Heineken N.V. or Scottish
& Newcastle, 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 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
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