5th Jul 2006 10:28
D1 Oils Plc05 July 2006 D1 Oils plc5 July 2006 D1 Oils plc ("D1" or the "Company") Statement re share price movement and press speculation The Board of D1 notes the recent share price movement and press speculation andconfirms that it has been in very preliminary discussions with a number ofparties which may or may not lead to an acquisition of a substantialshareholding in the Company and/or an offer for the entire issued share capitalof the Company. All discussions are at a very preliminary stage and there can beno certainty that any offers will be made nor as to the terms on which anyoffers might be made. A further announcement will be made when appropriate. Enquiries: D1 Oils plc Tel: 01642-755585Graham Prince, Director Communications Mobile: 07973-323840 BrunswickMark Antelme Tel: 020 7404-5959 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 D1 Oils plc, all "dealings"in any "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until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends.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 D1 Oils plc, they will be deemed to be asingle person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of D1 Oils plc by D1 Oils plc, 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 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:
NEOS.L