Advanced Smartcard Technologies plc
26 June 2007
Advanced Smartcard Technologies plc
("AST" or the "Company")
Rule 2.10 Announcement
Relevant Securities in Issue
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, AST
confirms that it currently has 239,800,052 ordinary 0.03 pence shares in issue
(ISIN: GB00B0SR9F04).
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or
becomes, 'interested' (directly or indirectly) in 1 per cent. or more of any
class of 'relevant securities' of AST, 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 3.30pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which any 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acceptances, lapses or is otherwise withdrawn or on which the 'offer period'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 AST, 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 Takeover Code, all 'dealings' in '
relevant securities' of AST by AST or any of its '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 Takeover 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
Takeover Panel.
Contact details:
Advanced Smartcard Technologies plc 01355 813430
Tom Doyle, Non Executive Chairman
Stephen Naylor, Finance Director
Altium Capital Limited 0161 831 9133
Phil Adams/Adrian Reed
This information is provided by RNS
The company news service from the London Stock Exchange
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