Statement Re: TDG plc

RNS Number : 3366Y

Wincanton PLC

04 July 2008

 



Not for release, publication or distribution, in whole or in part, in or into Australia, Canada, the United States of America or Japan or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

For immediate release

4 July 2008

Statement by Wincanton plc ('Wincanton') regarding TDG plc ('TDG')

Wincanton announced on 17 June 2008 that it had no intention of making an offer for TDG and subsequently ceased work on the potential transaction. Following the announcement by Laxey Partners Ltd dated 4 July 2008 and as required by Panel Statement 2008/24, Wincanton reconfirms that it has no intention of making an offer for TDG at this time. 

Enquiries:

Buchanan  Charles Ryland  Jeremy Garcia	[phone]

Under Rule 2.8 of the City Code on Takeovers and Mergers, and except with the consent of the Panel, the statement in the preceding paragraph will prevent Wincanton or anyone acting in concert with it from announcing an offer or possible offer for TDG or taking certain other action within six months of 17 June 2008 unless there is a material change of circumstances or there has occurred an event which is specified as enabling the statement to be set aside. Accordingly, for the purposes of Rule 2.8 of the City Code, Wincanton reserves the right (on behalf of itself and anyone acting in concert with it) to announce an offer or possible offer for TDG and/or to take any other action which would otherwise be restricted under Rule 2.8 of the City Code within the next six months in the event that: 

(i) the agreement or recommendation of the board of TDG is given to the making of such an announcement or the taking of any such other action;  

(ii) a third party (other than Laxey Partners Ltd) announces an offer for TDG; or  

(iii) TDG announces a 'whitewash proposal' or a 'reverse takeover' (each as defined in the Takeover Code).

 

END

 

 

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