13th Mar 2006 07:00
FOR RELEASE 7.00AM 13 MARCH 2005 Scott Tod plc Re approach Scott Tod plc announces that it has received a tentative approach which may ormay not lead to an offer. Shareholders are advised to take no action at thecurrent time pending a further announcement to be made in due course.Rule 2.10 disclosureIn accordance with Rule 2.10 of the City Code on Takeovers and Mergers, ScottTod plc confirms that it has 33,755,151 ordinary shares of 10 pence each inissue.The International Securities Identification Number (ISIN) for the Company'sordinary shares is GB0032280363.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% or more of any class of "relevant securities" of Scott Tod plc, all"dealings" in any "relevant securities" of that company (including by means ofan option in respect of, or a derivative referenced to, any such "relevantsecurities") 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. Thisrequirement will continue until the date on which the offer becomes, or isdeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the "offer period" otherwise ends. If two or more persons act togetherpursuant to an agreement or understanding, whether formal or informal, toacquire an "interest" in "relevant securities" of Scott Tod plc, they will bedeemed to be a single person for the purpose of Rule 8.3.Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of Scott Tod plc by the offeror or Scott Tod plc, or by any oftheir respective "associates", must be disclosed by no later than 12.00 noon(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 securitiesin issue, can be found on the 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 marks are defined in the Code, which can also be found onthe 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.'ENDFor further information:Scott Tod PlcDavid Massie (Chairman) 020 7389 1770KBC Peel HuntJonathan Marren 020 7418 8900Cubitt ConsultingBrian Coleman Smith / Allison Reid 020 7367 5100ENDSCOTT TOD PLCRelated Shares:
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