Response to Bronsstadet AB Offer
30 7월 2010 - 12:42AM
UK Regulatory
TIDMCPL
RNS Number : 1967Q
Chapelthorpe PLC
29 July 2010
Not for release, publication or distribution, in whole or in part, in, directly
or indirectly, or into or from any jurisdiction where to do so would constitute
a violation of the relevant laws of such jurisdiction
29 July 2010
Chapelthorpe plc
Response to Mandatory Unconditional Cash Offer by Bronsstadet AB
The Board of Chapelthorpe plc ("Chapelthorpe" or the "Company") notes the
announcement made on 22nd July 2010 by Bronsstadet AB ("Bronsstadet") confirming
the making of a mandatory unconditional offer for the entire issued and to be
issued ordinary share capital of the Company not already owned by Bronsstadet
and its subsidiaries at a price of 25 pence per share in cash (the "Offer").
Jan G Holmstrom, a non-executive director of the Company, is currently the
Managing Director of Browallia AB and a Director of Browallia Holdings Limited,
both part of the Bronsstadet Group. Accordingly, the Board has decided that Mr
Holmstrom should not be involved in any discussions in relation to the Offer and
a committee of the independent directors of the Board (the "Independent
Directors") has been established for this purpose.
The Independent Directors, who are in discussions with the Company's advisers,
are considering their position and will advise the Company's shareholders on
what action to take in relation to the Offer in due course.
In accordance with Rule 19.11 of the City Code, a copy of this announcement will
be published on www.chapelthorpe.com
For further information please contact:
+-------------------------------------------+-----------------+
| Chapelthorpe plc | 0113 285 9020 |
+-------------------------------------------+-----------------+
| Andy Weatherstone | |
+-------------------------------------------+-----------------+
| | |
+-------------------------------------------+-----------------+
| Brewin Dolphin | 0845 213 4730 |
+-------------------------------------------+-----------------+
| Andrew Emmott | |
+-------------------------------------------+-----------------+
| Neil McDonald | |
+-------------------------------------------+-----------------+
DEALING DISCLOSURE REQUIREMENTS
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any
class of relevant securities of an offeree company or of any paper offeror
(being any offeror other than an offeror in respect of which it has been
announced that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer period and,
if later, following the announcement in which any paper offeror is first
identified.
An Opening Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant securities of
each of (i) the offeree company and (ii) any paper offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no
later than 3.30 pm (London time) on the 10th Business Day following the
commencement of the offer period and, if appropriate, by no later than 3.30 pm
(London time) on the 10th Business Day following the announcement in which any
paper offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to the deadline
for making an Opening Position Disclosure must instead make a Dealing
Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
paper offeror must make a Dealing Disclosure if the person deals in any relevant
securities of the offeree company or of any paper offeror. A Dealing Disclosure
must contain details of the dealing concerned and of the person's interests and
short positions in, and rights to subscribe for, any relevant securities of each
of (i) the offeree company and (ii) any paper offeror, save to the extent that
these details have previously been disclosed under Rule 8. A Dealing Disclosure
by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm
(London time) on the Business Day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a paper offeror, they will be deemed to be a
single person for the purpose of Rule 8.3. Opening Position Disclosures must
also be made by the offeree company and by any offeror and Dealing Disclosures
must also be made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made can
be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. If you are in any doubt as to whether you are required to make
an Opening Position Disclosure or a Dealing Disclosure, you should contact the
Panel's Market Surveillance Unit on +44 (0)20 7638 0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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