31st Jan 2008 07:13
F&C Asset Management PLC31 January 2008 To: London Stock Exchange Attention: RNS From: F&C Asset Management plc (the "Company") Date: 31 January 2008 The Board of F&C Asset Management plc ("F&C") notes today's announcement byFriends Provident plc and looks forward to working closely with FriendsProvident plc in maximising value for all shareholders through thereorganisation of its ownership in the Company. As a result of the statements by Friends Provident plc in relation to F&C andfurther to discussions with the Takeover Panel the Company is now deemed to bein an offer period. The Board of F&C has not received any approaches frompotential offerors. The Company has appointed Lazard and Lexicon Partners as joint financialadvisers. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if anyperson is, or becomes, 'interested' (directly or indirectly) in 1% or more ofany class of 'relevant securities' of F&C, all 'dealings' in any 'relevantsecurities' 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 dayfollowing 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the date on which the offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the 'offer period'otherwise ends.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 'relevantsecurities' of F&C, they will be deemed to be a single person for the purpose ofRule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevantsecurities' of F&C by an offeror or F&C, 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 Code, which can also be found on thePanel's website. If you are in any doubts as to whether or not you are requiredto disclose a 'dealing' under Rule 8, you should consult the Panel. Ends. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fondul Proprietatea