24th Mar 2006 10:20
VT GROUP PLC24 March 2006 VT Group plc Rule 2.10 announcement Relevant securities in issue In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, VT Groupplc confirms that it has in issue 174,317,833 Ordinary Shares of 5 pence each. Dealing disclosure requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers, ifany person is, or becomes, 'interested' (directly or indirectly) in 1% or moreof any class of 'relevant securities' of VT Group plc or of BabcockInternational Group plc, all 'dealings' in any 'relevant securities' of thatcompany (including by means of an option in respect of, or a derivativereferenced to, any such 'relevant securities') must be publicly disclosed by nolater than 3.30 pm (London time) on the London business day following the dateof the relevant transaction. This requirement will continue until the date onwhich any offer becomes, or is declared, unconditional as to acceptances, lapsesor is otherwise withdrawn or on which the 'offer period' otherwise ends. If twoor more persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an 'interest' in 'relevant securities' of VTGroup plc or of Babcock International Group plc, they will be deemed to be asingle person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevantsecurities' of VT Group plc or of Babcock International Group plc by VT Groupplc or Babcock International Group plc, or by any of their respective'associates', must be disclosed by no later than 12.00 noon (London time) on theLondon 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 securities inissue, 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 City Code, which can also be foundon the 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Babcock