5th Feb 2007 12:06
Galliford Try PLC05 February 2007 Galliford Try plc ("Galliford Try" or "the Company") Potential acquisition of Linden Holdings plc ("Linden") In response to recent press speculation, the boards of Galliford Try and Lindenannounce that they are in exclusive discussions with one another which may ormay not lead to Galliford Try making an offer to acquire the entire issued sharecapital of Linden. Any further announcements will be made as appropriate. Enquiries: Bell Pottinger Corporate & Financial (PR adviser toGalliford Try)Ann-marie Wilkinson +44 (0) 20 7861 3232Geoff Callow +44 (0) 20 7861 3232 LindenAndrew Sells, Chairman +44 (0) 20 7233 2133 NM Rothschild & Sons Limited, which is regulated and authorised by the FinancialServices Authority in the United Kingdom, is acting for Linden and no-one elsein connection with the matter referred to in this announcement and will not beresponsible to anyone other than Linden for providing the protections affordedto the clients of NM Rothschild & Sons Limited nor for providing advice inrelation to such matter. Dealing disclosure requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the"Code"), if any person is, or becomes, "interested" (directly or indirectly) in1% or more of any class of "relevant securities" of Linden, 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until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends.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 Galliford Try plc, they will be deemed tobe 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 Linden by Galliford Try or Linden 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 theTakeover Panel's website. If you are in any doubt as to whether or not you arerequired to disclose a "dealing" under Rule 8, you should consult the TakeoverPanel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Galliford Try