Information  X 
Enter a valid email address

ProStrakan Group plc (PSK)

  Print      Mail a friend       Annual reports

Friday 01 April, 2011

ProStrakan Group plc

Rule 2.10 Announcement

RNS Number : 1566E
ProStrakan Group plc
01 April 2011
 



1 April 2011

 

 

ProStrakan Group plc ("ProStrakan" or the "Company")

 

Rule 2.10 Announcement

 

 

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, ProStrakan announces that it has issued 1,385 ordinary shares of 5 pence each ("Ordinary Shares"). Accordingly, the issued share capital of ProStrakan comprises 204,456,941 Ordinary Shares.

 

The ISIN for the Ordinary Shares is GB00B09STF21.

 

 

Contacts:

 

ProStrakan

+44(0) 1896 664000

Peter Allen, Chairman and Acting Chief Executive                        

Allan Watson, Chief Financial Officer

Callum Spreng, Corporate Communications

 

J.P. Morgan Cazenove

Financial Adviser and Joint Broker

+44 (0) 20 7588 2828

John Muncey/Gina Gibson

 

Numis

Joint Broker

+44 (0) 20 7260 1000

Michael Meade/James Black

 

Brunswick

+44(0) 20 7404 5959

Jon Coles / Justine McIlroy                                                                                

 

Further information

 

J.P. Morgan plc, which conducts its UK investment banking business as J.P. Morgan Cazenove and is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for ProStrakan and for no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than ProStrakan for providing the protections afforded to clients of J.P. Morgan plc or for providing advice in relation to the matters set out in this announcement.

 

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for ProStrakan and for no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than ProStrakan for providing the protections afforded to clients of Numis Securities Limited or for providing advice in relation to the matters set out in this announcement.

 

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction. Any offer (if made) will be made solely by certain offer documentation which will contain the full terms and conditions of any offer (if made). This announcement has been prepared in accordance with English law and the UK City Code on Takeovers and Mergers (the "Code") and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside of the United Kingdom.

 

The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements.

 

Dealing Disclosure Requirements

 

Following the announcement made on Monday, 15 November 2010 that the Company is in an offer period for the purposes of the Takeover Code, the Company is required to restate the following:

 

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company 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) the offeree company 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 the offeree company 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 the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company 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) the offeree company 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 an offeree company 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 the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, 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 +44 (0)20 7638 0129.

 

A copy of this announcement will be available on ProStrakan's website at http://www.prostrakan.com by no later than 12 noon (London time) on 4 April 2011.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RTTDKDDNNBKDKQK