Further re possible offer
Braveheart Investment Group plc
10 April 2008
Not for release, publication or distribution in whole or in part, in or into the
United States, Canada, Australia, Japan or the Republic of Ireland
Braveheart Investment Group plc ('Braveheart' or the 'Company')
Possible Offer
Further to the announcement released by Braveheart on 9th April 2008, the
Company wishes to confirm the following revised dealing disclosure requirements
and Rule 2.10 information on Braveheart.
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 per cent. or more of any class of 'relevant securities' of ANGLE or
Braveheart, 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
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withdrawn or on which the 'offer period' otherwise ends.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 ANGLE or
Braveheart, 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 ANGLE or Braveheart, by ANGLE or Braveheart or by any of their
'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.
Rule 2.10 Requirement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers,
Braveheart Investment Group plc confirms that it currently has in issue
13,403,895 ordinary shares of 2 pence each. The International Securities
Identification Number for the ordinary shares is GB00B13XV322.
For further information please contact:
Noble & Company Limited
David Ovens, Director Tel: 0131 225 9677
Seymour Pierce Limited (nomad/broker to Braveheart)
Jeremy Garrett-Cox, Director Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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