Statement re share price movement

RNS Number : 1030C

System C Healthcare plc

01 March 2011

 

1 March 2011

System C Healthcare PLC

("System C" or the "Company")

The Board of System C notes the recent movement in its share price and confirms that it has received an approach which may or may not lead to an offer being made for the Company.

The Board recommends that shareholders take no action at this point. A further announcement will be made in due course.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, System C confirms that it has 116,394,316 ordinary shares of 1 pence each in issue and admitted to trading on the London Stock Exchange under the UK ISIN code GB00B0940H91. 

For further information please contact:

System C Healthcare plc Ian Denley, Chief Executive Hedley Mayor, Group Finance Director	Tel: [phone]
Charles Stanley Securities Financial Adviser Russell Cook / Karri Vuori	Tel: [phone]
Maitland Financial Communications Emma Burdett / Richard Farnsworth	Tel: [phone]

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 System C 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) System C 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 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 System C 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 System C or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of System C 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) System C 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 System C 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 System C and by any offeror and Dealing Disclosures must also be made by System C, by any offeror and by any 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 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 any offeror 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].

The Directors of System C accept responsibility for the information contained in this announcement. To the best of knowledge and belief of the Directors, who have taken all reasonable care to ensure such is the case, the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

END

 

 

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