7th Apr 2008 11:53
D1 Oils Plc07 April 2008 7 April 2008 D1 Oils plc ("D1" or the "Company") D1 notes the recent rise in its share price. The Board of D1 confirms that it isin advanced discussions with its leading shareholders in relation to a potentialequity fundraising at a discount to the current share price. Any suchfundraising will be subject to shareholder approval. A further announcement will be made as and when appropriate. Enquiries: D1 Oils plc:Graham Prince, Head of Corporate Communications Tel: +44 (0)20 3043 8732 Mobile: +44 (0)7973 323 840 Brunswick Group:Kevin ByramTel: +44(0)20 7404 5959 Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of D1, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or aderivative referenced to, any such "relevant securities") must be publiclydisclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continueuntil the date on which the offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the "offer period"otherwise ends. If two or more persons act together pursuant to an agreement orunderstanding, whether formal or informal, to acquire an "interest" in"relevant securities" of D1, 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 Code, all "dealings" in "relevantsecurities" of D1 by D1, or by any of their respective "associates", must bedisclosed 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 "relevantsecurities" "dealings" should be disclosed, and the number of such securitiesin issue, can be found on the Takeover Panel's website atwww.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 on thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L