10th Nov 2005 10:29
Kingston Communications(Hull)PLC10 November 2005 Not for release, publication or distribution in or into the United States of America, Australia, Canada or Japan KINGSTON COMMUNICATIONS plc ("KINGSTON COMMUNICATIONS" or the "Company") RESPONSE TO MARKET SPECULATION The Directors of Kingston Communications have noted the recent press speculationand today's movement in Kingston Communications's share price. The Directorsconfirm that the Company has received an approach that may or may not lead to anoffer for Kingston Communications. The approach contains a number of conditionsand pre-conditions which are being considered by the Board. The Directorsemphasise that these discussions are conceptual in nature and that there can beno certainty that they will lead to any definitive agreement concerning anytransaction. Further announcements will be made as appropriate. END "Dealing Disclosure Requirements Under 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 Kingston Communications 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 3.30pm (London time) onthe 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until the date on which the offer becomes, or isdeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the "offer period" otherwise ends.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 Kingston Communications plc,they will be deemed to be a single person for the purpose of Rule 8.3. Under the provision of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of Kingston Communications by Kingston Communications, or by any oftheir respective "associates", must be disclosed by no later than 12 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 securities inissue, can be fond on the Takeover Panels 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 reference 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:
KCOM