10th Apr 2008 11:15
Braveheart Investment Group plc10 April 2008 Not for release, publication or distribution in whole or in part, in or into theUnited States, Canada, Australia, Japan or the Republic of Ireland Braveheart Investment Group plc ("Braveheart" or the "Company") Possible Offer Further to the announcement released by Braveheart on 9th April 2008, theCompany wishes to confirm the following revised dealing disclosure requirementsand Rule 2.10 information on Braveheart. Dealing Disclosure RequirementsUnder 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) in1 per cent. or more of any class of "relevant securities" of ANGLE orBraveheart, 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 relevanttransaction. This requirement will continue until the date on which the offerbecomes, or is declared, unconditional as to acceptances, lapses or is otherwisewithdrawn or on which the "offer period" otherwise ends. If two or more personsact together pursuant to an agreement or understanding, whether formal orinformal, to acquire an "interest" in "relevant securities" of ANGLE orBraveheart, they will be deemed to be a single person for the purpose of Rule8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of ANGLE or Braveheart, by ANGLE or Braveheart or by any of their"associates", must be disclosed by no later than 12.00 noon (London time) on theLondon business day following the date of the relevant transaction. A disclosuretable, giving details of the companies in whose "relevant securities" "dealings"should be disclosed, and the number of such securities in issue, can be found onthe Takeover Panel's website at www.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has 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 marksare defined in the Code, which can also be found on the Panel's website. If youare in any doubt as to whether or not you are required to disclose a "dealing"under Rule 8, you should consult the Panel. Rule 2.10 RequirementIn accordance with Rule 2.10 of the City Code on Takeovers and Mergers,Braveheart Investment Group plc confirms that it currently has in issue13,403,895 ordinary shares of 2 pence each. The International SecuritiesIdentification Number for the ordinary shares is GB00B13XV322. For further information please contact: Noble & Company LimitedDavid Ovens, Director Tel: 0131 225 9677 Seymour Pierce Limited (nomad/broker to Braveheart)Jeremy Garrett-Cox, Director Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Braveheart Investments