29th Jan 2008 12:21
Guinness Peat Group PLC29 January 2008 Newbury Racecourse plc The following is the text of a letter which is being sent today by Guinness PeatGroup plc ("GPG) to Newbury Racecourse plc ("Newbury") in connection with GPG'spurchase of shares in Newbury. "Disclosure of Interest in Shares pursuant to Rule 8.1 of the Takeover Code ("the Code") Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify Newbury Racecourse plc ("Newbury") that, following the on-market acquisitions on 28 January 2008 of 3,350 Ordinary shares of Newbury ("Shares") and a further 17,000 Shares on 29 January 2008, all at £11.50 per Share, the Group's direct interest now amounts to 717,472 Shares representing 23.57% of the issued share capital of Newbury. The Group has no interest in options or derivatives in the shares of Newbury.Therefore, following the above transactions, in accordance with its disclosureobligations under Rule 8.1 of the Code, the Group has a long interest in relevant securities (as defined in the Code) in aggregate totalling 23.57% of the issued shares of Newbury. The Group has an interest by virtue of being a Rule 8.1 shareholder of Newbury.No member of the Group is party to any agreement or arrangement relating to theexercise of any rights conferred by holding the Shares the subject of thisnotification." Richard Russell Company Secretary Guinness Peat Group plc Tel: (0) 20 7484 3370 29 January 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Coats