Information  X 
Enter a valid email address

HMV Group PLC (HMV)

  Print      Mail a friend

Friday 11 December, 2009

HMV Group PLC

Holding(s) in Company

RNS Number : 0036E
HMV Group PLC
11 December 2009
 



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



11th December 2009

HMV Group plc ("HMV")


Acquisition of an interest in Mama Group plc ("MAMA")


HMV announces that it has acquired 750,000 ordinary shares in MAMA (LSE:MAMG) for cash, equivalent to approximately 0.09 per cent. of MAMA's issued share capital, at a price of 5.25 pence per share.


Enquiries:


Brunswick (for HMV) Susan Gilchrist, Laura Cummings, Saadia Saeed 020 7404 5959




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 HMV Group plc or of Mama Group plc, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 HMV Group plc or of Mama Group plc, 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 HMV Group plc or of Mama Group plc by HMV Group plc or Mama Group plc, 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.


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.



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

a d v e r t i s e m e n t