Information  X 
Enter a valid email address

Blue Oar PLC (ASTR)

  Print      Mail a friend

Friday 25 April, 2008

Blue Oar PLC

Statement re possible offer

Blue Oar PLC
25 April 2008



                         Blue Oar plc ('Blue Oar')

                        Statement re possible offer


The Board of Blue Oar notes the announcement made today by W H Ireland Group plc
('W H Ireland') rejecting an unsolicited approach for the company.

Blue Oar confirms that it had made a preliminary approach to the Board of W H
Ireland on 21 April 2008 regarding a  possible offer for W H Ireland.

The board of Blue Oar remains interested in pursuing a potential acquisition of
W H Ireland and accordingly continues  to seek to meet with the board of WH
Ireland on an amicable basis.

Enquiries:

Andrew Monk/Chris Roberts      Tel: 020 7448 4400
Blue Oar Plc


Richard Kauffer                Tel: 020 7418 8900
KBC Peel Hunt Ltd


Reg Hoare/Andrew Wilde         Tel: 020 7360 4900
Smithfield



Rule 2.10

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Blue Oar
confirms that, as at the close of  business on 24 April 2008, it has 164,850,031
ordinary shares of 0.1 pence each in issue. The International Securities 
Identification Number for the ordinary shares is GB0031792194.

Rule 8 Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 
'Code'), if any person is, or becomes,  'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Blue Oar or of W H  Ireland,
all  'dealings' in any 'relevant securities' of that company (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 3.30pm  (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue  until the date on which an 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declared, unconditional as to acceptances, lapses or is otherwise  withdrawn or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 Blue Oar or W H  Ireland, 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 Blue Oar or W H Ireland by,  Blue Oar or W H Ireland 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 a 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