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Chrysalis PLC (CHS)

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Monday 01 November, 2010

Chrysalis PLC

Statement re Possible Offer

RNS Number : 3418V
Chrysalis PLC
01 November 2010

Not for release, publication or distribution (in whole or in part) in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.





 1 November 2010


Chrysalis plc

Statement re Press Speculation


The board of directors of Chrysalis plc ("Chrysalis" or the "Company") notes the recent press speculation regarding the possibility of an offer being made for the Company and confirms that it is in early stage discussions with a number of parties regarding merger opportunities which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company.


The discussions are at a very preliminary stage and there can be no certainty that an offer will be made for Chrysalis or as to the terms on which any offer would be made.


A further announcement will be made if and when appropriate.


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that it has 67,143,213 ordinary shares of 2 pence each in issue and admitted to trading on the London Stock Exchange's market for listed securities under the UK ISIN code GB00B28TMS45.


This announcement will be made available on Chrysalis' website shortly at:






 Chrysalis plc

Jeremy Lascelles, Group Chief Executive

Andy Mollett, Group Finance Director


Tel: 020 7465 6170

Tel: 020 7465 6321



Julian Culhane

Sarah McNicholas


Brunswick (PR Adviser to Chrysalis)

Tim Burt & Damia Saidam

Tel: 020 7029 8000



Tel: 020 7404 5959



Jefferies International Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Chrysalis and no one else in connection with the possible offer and accordingly will not be responsible to anyone other than Chrysalis for providing the protections afforded to clients of Jefferies International Limited nor for providing advice in relation to the possible offer or any other matter referred to in this announcement.


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the Code, if any person is, or becomes "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Chrysalis, all "dealings" in any "relevant securities" of Chrysalis (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 p.m. (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 Chrysalis 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 Chrysalis by the potential offeror, or Chrysalis, 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


"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