Stmnt re Share Price Movement
12 2월 2009 - 12:37AM
UK Regulatory
TIDMCGNY
RNS Number : 1752N
Cagney PLC
11 February 2009
Cagney plc
("Cagney" or the "Company")
Statement re. Share Price Movement
The Board of Cagney notes the relatively high volume of recent trades in the
Company's shares and the associated increase in the Company's share price. The
Board confirms that it is currently undertaking a strategic review and assessing
a number of options. In particular, the Board has received a preliminary
approach regarding a possible offer for the Company. The Board of the Company
wishes to stress that the approach and the resulting discussions are at an early
stage and there can be no certainty that an offer will be made for the Company,
or as to the terms on which any offer might be made.
A further announcement will be made as and when appropriate.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that it has 218,296,932 ordinary shares of 1 penny each in
issue.
The ISIN reference for these securities is GB00B0R80514.
ENDS
Enquiries:
Cagney Plc Tel: 020 7637 4198
Steve Mattey, Chief Executive
Patrick Oram, Chief Financial Officer
Smith & WilliamsonTel: 0117 376 2213
Nick Reeve
David Abbott
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (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 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 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 the Company or by the Company 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 price or 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 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.
11 February 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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