10th Jun 2005 15:32
Britannic Global Income Trust PLC10 June 2005 BRITANNIC GLOBAL INCOME TRUST PLC 10 June 2005 Announcement begins The Board of Britannic Global Income Trust plc (the "Company") announces that itis in discussions with a possible purchaser and is considering proposing ascheme of reconstruction under section 425 of the Companies Act 1985. Thisscheme could offer a small amount to holders of the Company's ordinary sharesand a small increase in the net assets available to the holders of the zerodividend preference shares issued by the Company's subsidiary. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the"City Code"), any person who, alone or acting together with any other person(s)pursuant to an agreement or understanding (whether formal or informal) toacquire or control relevant securities of Britannic Global Income Trust plc,owns or controls, or becomes the owner or controller, directly or indirectly, ofone per cent. or more of any class of securities of Britannic Global IncomeTrust plc is required to disclose, by not later than 12 noon (London time) onthe London business day following the date of the relevant transaction, dealingsin such securities of that company (or in any option in respect of, orderivative referenced to, any such securities of that company (or in any optionin respect of, or derivative referenced to, any such securities) during theperiod to the date on which the offer becomes or is declared unconditional as toacceptances or lapses or is otherwise withdrawn. If you are in any doubt as to the application of Rule 8 to you, please contactan independent financial advisor authorised under the Financial Services andMarkets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk orcontact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013.The Directors of the Britannic Global Income Trust plc accept responsibility forthe information contained in this statement. To the best of the knowledge andbelief of the Directors of the Company (who have taken all reasonable care toensure that such is the case), the information contained in this announcementfor which they accept responsibility is in accordance with the facts and doesnot omit anything likely to affect the import of such information. Contacts Ernst & Young LLP -Peter Ames 020 7951 4315Lough Callahan 020 7951 1561 Announcement ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BTG