Further re potential offer
Ethanol Investments PLC
12 September 2007
Ethanol Investments Plc
('Ethanol Investments' or the 'Company')
Further re potential offer
The Company refers to its announcement made yesterday and wishes to clarify
that the current discussions with the potential offeror would suggest that
any offer which may be made would be a share exchange offer with a value at or
around 0.21p per share.
This statement has been made without the consent of the potential offeror. This
announcement does not amount to a firm intention to make an offer. There is no
certainty that an offer will be made and that, if made, there is no certainty as
to the terms on which any offer might be made.
Further announcements will be made in due course, as appropriate.
Contacts and enquiries:
Ethanol Investments plc
Peter Greensmith, Chairman Tel: +44 (0) 20 7877 5052
Seymour Pierce
Jonathan Wright, Corporate Finance Tel: +44 (0) 20 7107 8000
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 per cent. or more of any class of
'relevant securities' of Ethanol Investments, 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 3.30 p.m. (London time) on the 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acceptances, lapses or is otherwise withdrawn or on which the 'offer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 Ethanol Investments, 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 Ethanol Investments by an offeror or Ethanol
Investments, 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 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 'dealing' under Rule 8, you should consult the Panel.
This information is provided by RNS
The company news service from the London Stock Exchange
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