Statement re Possible Offer
Angle PLC
31 January 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
ANGLE plc ('ANGLE' or the 'Company')
Statement re. Possible Offer and Rule 2.10 announcement
31 January 2008
The Board of ANGLE confirms that it has received an approach which may or may
not lead to an offer being made for the Company. The Board of ANGLE, which is
being advised by Collins Stewart Europe Limited, will evaluate the approach on
its merits and update shareholders accordingly and also wishes to stress that
there can be no certainty that this approach will lead to an offer being made
for the Company.
A further announcement will be made as and when appropriate.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that it has 27,132,931 ordinary shares of 10 pence each in
issue.
The ISIN reference for these securities is GB0034330679.
Ends
Contact:
Andrew Newland, Chief Executive + 44 (0) 1483 295 830
ANGLE plc
Mark Connelly/ Stewart Wallace + 44 (0) 207 523 8350
Collins Stewart Europe Limited
Collins Stewart Europe Limited ('Collins Stewart') which is regulated in the
United Kingdom by The Financial Services Authority is acting for the Company in
relation to the matters described in this announcement and is not advising any
other person, and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to customers of Collins Stewart
or for providing advice in relation to the matters described in this
announcement.
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% or more of any class of 'relevant securities' of the Company, all 'dealings'
in any 'relevant securities' of the 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 3.30pm (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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 the Company, 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 the Company by the Company or by any of its 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
www.thetakeoverpanel.org.uk .
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in price or 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 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