9th Jun 2008 07:00
For immediate release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN
OR INTO AUSTRALIA, CANADA, JAPAN OR UNITED STATES
Informa plc
Statement regarding press speculation
The Board of Informa plc notes the recent press speculation and confirms that it has received an approach from United Business Media plc ("UBM") about a possible all-share merger. The Board of Informa is considering the proposal and is in preliminary discussions with UBM. There can be no certainty that any transaction will take place.
A further announcement will be made in due course.
Enquiries:
|
Informa |
Telephone: +44 (0) 20 7017 5000 |
|
Peter Rigby |
|
|
Adam Walker |
|
|
Greenhill & Co. International LLP (Financial adviser to Informa) |
Telephone: +44 (0) 20 7198 7400 |
|
Simon Borrows |
|
|
Rachel Clark |
|
|
Hoare Govett (Corporate broker to Informa) |
Telephone: +44 (0) 20 7678 8000 |
|
Sara Hale |
|
|
Maitland (PR adviser to Informa) |
Telephone: +44 (0) 7785 292617 |
|
William Clutterbuck |
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Informa or UBM, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Informa or UBM, they will be deemed 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 "relevant securities" of Informa or UBM by Informa or UBM, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such 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 economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.
ENDS
Related Shares:
InformaUBM