21st Sep 2006 14:47
Incisive Media PLC21 September 2006 Incisive Media plc ("Incisive Media") Rule 2.10 Announcement - Relevant Securities in Issue and disclosure requirements In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, IncisiveMedia confirms that as at the close of business on 20 September 2006 its issuedshare capital consisted of 102,196,162 ordinary shares of 1 pence each. The ISIN reference number for these securities is GB0003252532. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code, if any person is, orbecomes, 'interested' (directly or indirectly) in 1 per cent. or more of anyclass of 'relevant securities' of Apax Summer (Bidco) or Incisive Media, all'dealings' in any 'relevant securities' of such 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 p.m. (London time)on the London Business Day following the date of the relevant transaction. Thisrequirement will continue until the date on which the Proposals become, or aredeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the 'offer period' otherwise ends.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 Apax Summer (Bidco) orIncisive Media, they will be deemed to be a single person for the purpose ofRule 8.3. Under the provisions of Rule 8.1 of the Takeover Code, all 'dealings' in'relevant securities' of Apax Summer (Bidco) or Incisive Media by Apax Partners,Apax Summer (Bidco), or by any of their respective 'associates', must bedisclosed by no later than 12.00 noon (London time) on the London Business Dayfollowing 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 securities inissue, can be found on the 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 price of securities.In particular, a person will be treated as having an 'interest' by virtue of theownership or control of securities, or by virtue of any option in respect of, orderivative referenced to, securities. Terms in quotation marks are defined in the Takeover Code, which can also befound on the Panel's website. If you are in any doubt as to whether or not youare required to 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:
Independent News & Media