9th Nov 2006 15:20
Chariot (UK) PLC09 November 2006 Chariot (UK) plc ("Chariot" or the "Company") Statement re share price movement and press speculation On 17 October 2006 the Board of Chariot announced that ticket sales of itsmonday lottery were below the level required for Chariot to operate at breakevenand that the Board were taking appropriate advice and were investigating allpossible options, ranging from a possible fundraising to the appointment, by theCompany, of an administrator. Subsequently the Board has received a number ofproposals, all of which are at a preliminary stage. This range of proposalsinclude: the disposal of assets by the Company; an investment in the Company;and possible offers for the entire issued and to be issued share capital of theCompany. The Board wish to emphasise that discussions with all the interested parties areat a preliminary stage and there can be no certainty that any of the proposalsreceived will be concluded or will lead to an offer for the Company's issued andto be issued share capital. At this time, and based on current discussions, theBoard believe that, in the event that an offer is made to acquire the Company'sissued and to be issued share capital, it is unlikely to be at a significantpremium to the current mid-market price of the Company's shares. This statement is being made without the consent of any potential offeror. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Chariotconfirms that it has 70,964,250 ordinary shares of 1p each in issue. The International Securities Identification Number for Chariot's Ordinary Sharesis GB00B0P0XQ12. A further announcement will be made when appropriate. Enquiries: Chariot (UK) plc Tel: 0870 380 2121Stuart Handley Noble & Company Limited Tel: 0207 763 2200Nick Naylor 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 Chariot (UK) plc, all"dealings" in any "relevant securities" of that company (including by means ofan option in respect of, or a derivative referenced to, any such "relevantsecurities") 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. Thisrequirement will continue until the date on which the offer becomes, or isdeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the "offer period" otherwise ends. If two or more persons act togetherpursuant to an agreement or understanding, whether formal or informal, toacquire an "interest" in "relevant securities" of Chariot (UK) plc, they will bedeemed 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 "relevantsecurities" of Chariot (UK) plc by Chariot (UK) plc, or by any of theirrespective "associates", must be disclosed by no later than 12.00 noon (Londontime) on the London 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 the application of Rule 8 to you,please contact an independent financial adviser authorised under the FinancialServices and Markets Act 2000, consult the Panel's website or contact the Panelon telephone number +44 (0) 20 7382 9026 or fax +44 (0) 20 7638 1554. If youare in any doubt as to whether or not you are required to 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:
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