Statement re Hartest Holdings

RNS Number : 0670Y

Elektron PLC

26 August 2009

 

Elektron Plc

26 August 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

Statement re Hartest Holdings Plc ('Hartest')

Elektron announced on 1 July that it was considering a possible joint offer for Hartest with a third party.  Elektron announces that it is no longer considering such joint offer for Hartest.  

Under Rule 2.8 of the City Code on Takeovers and Mergers (the 'Code'), and except with the consent of the Takeover Panel, the statement in the preceding paragraph will prevent Elektron (and anyone acting in concert with it) from announcing an offer or possible offer for Hartest or taking certain actions within the next six months unless there has occurred an event, set out below, which enables the statement to be set aside.

Accordingly, for the purposes of Rule 2.8 of the Code, Elektron reserves the right (on behalf of itself and anyone acting in concert with it) to announce a offer or possible offer for Hartest and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within the next six months in the event that:

(i) the agreement or recommendation of the board of Hartest is given to the making of such an announcement or the taking of any such other action; or

(ii) a third party announces an offer or possible offer for Hartest; or

(iii) Hartest announces a 'whitewash proposal' or a 'reverse takeover' (each as defined in the Code); or

(iv) there is a material change in circumstances.

For further information please contact:

Keith Daley

Elektron Plc

Tel: [phone]

Clive Carver

FinnCap

Tel: [phone]

 

END

 

 

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