29th Jul 2008 14:22
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN OR UNITED STATES
Informa plc
Further to today's press comment, Informa plc ("Informa") clarifies that it has received a preliminary approach from a further third party and as a result is providing access to information materials. No formal proposal has been received.
Discussions continue with Providence Equity LLP, The Carlyle Group and Hellman & Friedman and there can be no certainty to the terms of any offer nor whether any offer will be made.
A further announcement will be made in due course.
Enquiries:
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Informa |
Telephone: +44 (0) 20 7017 5000 |
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Peter Rigby |
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Adam Walker |
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Greenhill & Co. International LLP (Financial adviser to Informa) |
Telephone: +44 (0) 20 7198 7400 |
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Simon Borrows |
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Rachel Clark |
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Hoare Govett (Corporate broker to Informa) |
Telephone: +44 (0) 20 7678 8000 |
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Paul Nicholls |
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Sara Hale |
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Merrill Lynch (Corporate broker to Informa) |
Telephone: +44 (0) 20 7628 1000 |
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Mark Astaire |
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Maitland (PR adviser to Informa) |
Telephone: +44 (0) 20 7379 5151 |
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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, all "dealings" in any "relevant securities" of Informa (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until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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, 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 by any potential offeror or Informa, 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.
Related Shares:
Informa