Statement re Share Price Move

RNS Number : 6637F
Assura Group Limited
15 January 2010
 



Assura Group Limited ("Assura" or the "Company")


Statement re Share Price Movement



The Board of Assura notes the recent increase in its share price and confirms that it is in preliminary discussions which may or may not lead to an offer being made for the Company. Discussions are at a very early stage and there can be no certainty that an offer will be forthcoming. 


Further announcements will be made as appropriate.



Ends


Enquiries:


Assura Group 

Richard Burrell/Louise Bathersby


Tel: 020 7107 3800

Cenkos Securities

Ian Soanes/Beth McKiernan


Tel: 020 7397 8900

Investec Investment Banking

Tim Pratelli/Daniel Adams


Tel: 020 7597 5970

Financial Dynamics 

Ben Atwell

Tel: 020 7831 3113; 07771 913 902


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 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 3.30 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 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 Company by the offeror or the offeree company, 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 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. 

 

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Assura Group Limited confirms that it has 317,467,036 ordinary shares of 10 pence each in issue. The ISIN reference for these securities is GB0033732602.




This information is provided by RNS
The company news service from the London Stock Exchange
 
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