Information  X 
Enter a valid email address

D1 Oils Plc (NEOS)

  Print      Mail a friend       Annual reports

Thursday 17 December, 2009

D1 Oils Plc

Rule 2.10 - Relevant Securiti

RNS Number : 3290E
D1 Oils Plc
17 December 2009
 




FOR IMMEDIATE RELEASE

17 December 2009


D1 Oils plc

("D1 Oils" or the "Company")


 Rule 2.10 Announcement - Relevant Securities in Issue


Further to the allotment of 50,000 ordinary shares of 1p each in the Company announced on 17 December 2009, in accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Takeover Code"), the Company confirms that it has 126,675,219 ordinary shares of 1.00 pence each in issue and expected to be admitted to trading on the AIM market of the London Stock Exchange plc by 23 December 2009. The International Securities Identification Number for the ordinary shares is GB00B02QN409.



For further information please contact: 


D1 Oils plc

+ 44 (0) 20 7367 5600

Ben Good, Chief Executive Officer




Piper Jaffray Ltd.

+ 44 (0) 20 3142 8700

Michael Covington, Rupert Winckler




Brunswick Group

+ 44 (0) 20 7404 5959

Kevin Byram, Tom Williams




Piper Jaffray Ltd., which is authorised and regulated by the Financial Services Authority, is acting exclusively for D1 Oils and for no-one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than D1 Oils for providing the protections afforded to customers of Piper Jaffray Ltd. nor for giving advice in relation to the matters referred to in this announcement.


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 D1 Oils, all "dealings" in any " relevant securities" of D1 Oils  (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 pm (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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 D1 Oils, 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 D1 Oils by D1 Oils  or by any of its "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
 
END
 
 
MSCUBVVRKKRUAAA