19th Oct 2007 09:26
McAlpine (Alfred) PLC19 October 2007 McAlpine (Alfred) PLC 19 October 2007 Alfred McAlpine plc Statement re: Approach The board of Alfred McAlpine plc ("Alfred McAlpine" or the "Company") notes theannouncement by Schroder Investment Management Limited ("Schroders"). Whilst disappointed that Schroders has chosen to make this statement, AlfredMcAlpine is aware that Schroders has a shareholding of 20.1% in Carillion plc ("Carillion"). The board of Alfred McAlpine continues to believe that the proposal by Carillionof 570p per ordinary share materially undervalues the Company. Press contact: James Longfield, Hogarth Partnership 020 7357 9477 Rachel Hirst, Hogarth Partnership 020 7357 9477 Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,'interested' (directly or indirectly) in 1% or more of any class of 'relevantsecurities' of Alfred McAlpine or Carillion 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 3.30 pm (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continueuntil the date on which any offer becomes, or is declared, unconditional as toacceptances (or, if implemented by a scheme of arrangement, such scheme becomeseffective), lapses or is otherwise withdrawn or on which the 'offer period'otherwise ends.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 Alfred McAlpine or Carillion, they will be deemed to be a singleperson for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevantsecurities' of Carillion by Alfred McAlpine or of Alfred McAlpine by Carillion,or by any of their respective 'associates', must be disclosed by no later than12.00 noon (London time) on the London business day following the date of therelevant transaction. A disclosure table, giving details of the companies inwhose 'relevant securities' 'dealings' should be disclosed, and the number ofsuch securities in issue, can be found on the Takeover Panel's website at www.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 Takeover Panel's website. If you are in any doubt as to whether or notyou are required to disclose a 'dealing' under Rule 8, you should consult theTakeover Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carillion PlcSchroders