21st May 2007 07:03
Domestic & General Group PLC21 May 2007 RELEASE 07:01AM 21 MAY 2007 DOMESTIC & GENERAL GROUP PLC Statement re: Approach Domestic & General plc notes the announcement made this morning by Homeserve plcand confirms that it has recently received an approach from Homeserve plc inrelation to entering into discussions which may or may not lead to an offer. There is no certainty that the approach or any discussions will lead to an offeror any transaction. Contact: Brian Coleman-Smith Cubitt Consulting 020 7367 5100 07802 724 400 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 Domestic & General plc, all "dealings" inany "relevant securities" of that company (including by means of an option inrespect of, or a derivative referenced to, any such "relevant securities") mustbe publicly disclosed by no later than 3.30 pm (London time) on the Londonbusiness day following the date of the relevant transaction. This requirementwill continue until the date on which any offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an"interest" in "relevant securities" of Domestic & General plc, they will bedeemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of Domestic & General plc by Homeserve plc or Domestic & Generalplc, or by any of their respective "associates", must be disclosed by no laterthan 12.00 noon (London time) on the London business day following the date ofthe 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 doubt as to whether or not you are requiredto 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:
HSV.L