16th Mar 2007 09:03
Mears Group PLC16 March 2007 Mears Group PLC ("Mears" or the "Company") Rule 2.10 Announcement In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Mearsconfirms that it has 61,587,596 ordinary shares of one penny each in issue andadmitted to trading on AIM under the UK ISIN code GB0005630420. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code") if any personis, or becomes, "interested" (directly or indirectly) in 1% or more of anyclass of "relevant securities" of Mears, 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 3.30pm (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the date on which the offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the "offer period"otherwise ends.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 Mears, 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 Mears, 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, please contact an independent financialadviser authorised under the Financial Services and Markets Act 2000 and/orconsult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panelon telephone number +442076380129; fax +442072367013. The above disclosurerequirements are set out in more detail in Rule 8 of the Code. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mears