Rule 2.10 Announcement

RNS Number : 1439X

Spark Ventures PLC

10 August 2009

 



SPARK Ventures plc ('SPARK' or the 'Company')

10 August 2009

2.10 announcement of numbers of relevant securities in issue

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 410,754,780 ordinary shares of 0.5p each in issue (excluding treasury shares). The ISIN reference number for these securities is GB0008550286.

For further information, please contact:

SPARK Ventures plc 

Charles Berry

020 7851 7777

Collins Stewart Europe Limited (Nomad) 

Hugh Field

Stewart Wallace

020 7523 8350

Capital MS&L

Annabel O'Connor

Wendy Svirakova

020 7307 5330

Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for SPARK and no-one else in connection with the matters set out in this announcement and, accordingly, will not be responsible to anyone other than SPARK for providing the protections offered to clients of Collins Stewart Europe Limited or for providing advice in relation to the matters set out in this announcement, or any matter referred to herein.  No representation or warranty, express or implied, is made by Collins Stewart Europe Limited as to any of the contents of this announcement (without limiting the statutory rights of any person to whom this announcement is issued).

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 SPARK, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 SPARK, 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 SPARK by any offeror, 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 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.

The directors of SPARK accept responsibility for the information contained in this announcement in relation to SPARK.  To the best of the knowledge and belief of the directors of SPARK (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

END

 

 

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