11th Aug 2008 08:57
Recommended acquisition
of
Alliance & Leicester plc
by
Banco Santander, S.A.
to be implemented by means of a scheme of arrangementunder Part 26 of the Companies Act 2006
11 August 2008
Posting of Scheme Document
On 14 July 2008 Banco Santander, S.A. (Banco Santander) and Alliance & Leicester plc (A&L) announced the recommended acquisition by Banco Santander for A&L which is to be effected by means of a scheme of arrangement under sections 895 to 899 of the Companies Act 2006. Further to that announcement, Banco Santander and A&L announce that the Panel on Takeovers and Mergers have granted them an extension in respect of the requirement under Rule 30.1 of the City Code on Takeovers and Mergers to post the scheme document within 28 days.
The scheme document will be posted to A&L shareholders (other than A&L shareholders in certain excluded jurisdictions as will be specified in the scheme document) on or around 19 August 2008.
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Enquiries: |
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Banco Santander |
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Angel Santodomingo |
+ 34 91 259 6514 |
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A&L |
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Press Office Mark Jones (Investor Relations) |
+44 (0) 116 200 3355 +44 (0) 116 200 4492 |
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, "interested" (directly or indirectly) in one per cent. or more of any class of "relevant securities" of Banco Santander or A&L, 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 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective, or on which the "offer period" for the purposes of the City Code 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 Banco Santander or A&L, 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 City Code, all "dealings" in "relevant securities" of Banco Santander or A&L by Banco Santander or A&L, or by any of their 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 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 the price of 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.
Related Shares:
Banco Santander