Rule 2.10 Announcement

RNS Number : 5127K

ING UK Real Estate Income Trust Ltd

21 April 2010

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO US PERSONS (AS SUCH TERM IS DEFINED UNDER REGULATION S OF THE US SECURITIES ACT OF 1933, AS AMENDED) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE                                                                                 21 April 2010

IRET SECURITIES LIMITED ("IRET SECURITIES")

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"), IRET Securities confirms that it had 5,000 ordinary shares of £1 each (excluding shares held in treasury) in issue as at close of business on 20 April 2010.

DEALING DISCLOSURE REQUIREMENTS

Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1% or more of any class of relevant securities of Rugby Estates Investment Trust plc ("Rugby REIT"), ING UK Real Estate Income Trust Limited ("ING UK RET") or IRET Securities 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) Rugby REIT; (ii) ING UK RET; and (iii) IRET Securities. 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 10th 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 Rugby REIT, ING UK RET or IRET Securities prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of Rugby REIT, ING UK RET or IRET Securities must make a Dealing Disclosure if the person deals in any relevant securities of Rugby REIT, ING UK RET or IRET Securities. 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) Rugby REIT; (ii) ING UK RET; and (iii) IRET Securities, 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 Rugby REIT, ING UK RET or IRET Securities they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by Rugby REIT, ING UK RET and IRET Securities and Dealing Disclosures must also be made by Rugby REIT, ING UK RET, IRET Securities and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of Rugby REIT, ING UK RET and IRET Securities in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when ING UK RET or IRET Securities was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

 

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