9th Aug 2006 07:00
Metal Bulletin PLC09 August 2006 9 August 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPANOR UNITED STATES METAL BULLETIN PLC ADJOURNMENT OF EXTRAORDINARY GENERAL MEETING AND REVOCATION OF RECOMMENDATION Following the announcement by Euromoney Institutional Investor PLC ("Euromoney")on 4 August 2006 of a recommended final cash offer (the "Euromoney Offer") forMetal Bulletin plc ("Metal Bulletin") and of the Board's recommendation of theEuromoney Offer, the Board announces that it intends to adjourn, sine die, thereconvened EGM scheduled for tomorrow, 10 August 2006, at which shareholderswere to be asked to approve the proposed merger with Wilmington Group plc ("Wilmington"). Following the announcement of the Board's recommendation of the Euromoney Offer,the Board also announces that it has revoked its recommendation to shareholdersof Metal Bulletin to approve the proposed merger with Wilmington. ENDS Enquiries: Metal Bulletin plc Tel: 020 7827 9977Tom Hempenstall, Chief ExecutiveLeslie-Ann Reed, Finance Director Arden Partners Tel: 020 7423 8900Chris FieldingSteve Pearce Trillium Partners Tel: 020 7866 6044Philip MastriforteRichard Finston Financial Dynamics Tel: 020 7831 3113Tim SprattCharles Palmer Responsibility The directors of Metal Bulletin accept responsibility for the informationcontained in this announcement and, to the best of their knowledge and belief(having taken all reasonable care to ensure that such is the case), theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. Dealing disclosure requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers, ifany person is, or becomes, "interested" (directly or indirectly) in 1 per cent.or more of any class of "relevant securities" of Metal Bulletin or Euromoney,all "dealings" in any "relevant securities" of Metal Bulletin or Euromoney(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 relevanttransaction. This requirement will continue until the date on which the offerlapses or is otherwise withdrawn or on which the "offer period" otherwise ends.If two or more persons act together pursuant to an agreement or understanding,whether formal or informal, to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" ofMetal Bulletin or Euromoney, they will be deemed to be a single person for thepurpose of Rule 8.3. Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevantsecurities" of Metal Bulletin or Euromoney by Metal Bulletin or Euromoney, or byany of their respective "associates", must be disclosed by no later than 12.00noon (London time) on the London business day following the date of the relevanttransaction. A disclosure table, giving details of the companies in whose "relevantsecurities" "dealings" should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. If you are in any doubt as to the application ofRule 8, please consult an independent financial adviser authorised under theFinancial Services and Markets Act 2000 and/or consult the Takeover Panel ontelephone number +44 20 7638 0129; fax +44 20 7236 7013. "Interests in securities" arise, in summary, when a person has a long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the City Code, which can also be foundon the Panel's website. If you are in any doubt as to whether or not you arerequired to disclose a "dealing" under Rule 8, you should consult the Panel. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF ANOFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE SOLICITATION OF ANY VOTEOR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUE OR TRANSFEROF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION INCONTRAVENTION OF APPLICABLE LAW. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ERM.LWilmington