29th Mar 2005 09:17
Takeover Panel29 March 2005 2005/21 RENSBURG PLC ("RENSBURG") RATHBONE BROTHERS PLC ("RATHBONES") Following recent representations made by the advisers to Rensburg, the PanelExecutive has been considering the application of Rule 2.4(b) of the Code to theapproach by Rathbones to Rensburg. Following discussions with both parties'advisers, the Panel Executive has ruled that Rathbones must, by 5pm on Monday,11 April, either announce a firm intention to make an offer for Rensburg underRule 2.5 of the Code or announce that it does not intend to make an offer forRensburg. No extension to this deadline will be granted, except with theconsent of the Panel Executive. In the event that Rathbones announces that itdoes not intend to make an offer for Rensburg, Rathbones and any person actingin concert with it will, except with the consent of the Panel Executive, bebound by the restrictions contained in Rule 2.8 of the Code for six months fromthe date of such announcement. Each of the parties has accepted this ruling. 29 March 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RathboneRevel Collect