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Thursday 19 June, 2008

Providence Equity

Statement re possible offer

RNS Number : 1169X
Providence Equity LLP
19 June 2008


19 June 2008


Providence Equity Partners Ltd. and The Carlyle Group 


Statement re: Informa plc


A consortium including Providence Equity Partners Ltd. ('Providence') and The Carlyle Group ('Carlyle') (together the 'Consortium'), notes the speculation regarding Informa plc ('Informa' or the 'Company'). 


The Consortium confirms that it has approached the Board of Informa with a cash proposal to acquire the entire issued and to be issued share capital of Informa. 


This proposal is at an early stage, and there can be no certainty that an offer will be made, nor the terms on which any offer would be made. A further announcement will be made when appropriate.


For further information:


Hugh Morrison, M:Communications                              020 7153 1534

Ben Simons                                                                  020 7153 1540


Dealing Disclosure Requirements: 


Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Informa, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 Informa, 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 Informa by the potential offeror, Informa 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

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