15th Oct 2007 14:25
Takeover Panel15 October 2007 2007/28 RESOlUTION PLC ("RESOLUTION") Pearl Assurance PLC ("PEARL") STANDARD LIFE PLC ("STANDARD LIFE") Following representations made by the advisers to Resolution, the PanelExecutive has been considering the announcements made by Pearl and Standard Liferegarding possible offers for Resolution. Following discussions with all parties' advisers, the Panel Executive has ruledthat, unless the Panel Executive consents otherwise, the deadline for each ofPearl and Standard Life either to announce a firm intention to make an offer forResolution under Rule 2.5 of the Code or to announce that it does not intend tomake an offer for Resolution is 5.00pm on 25 October 2007. In the event thateither Pearl or Standard Life announces that it does not intend to make an offerfor Resolution, that party and any person acting in concert with it will, exceptwith the consent of the Panel Executive, be bound by the restrictions containedin Rule 2.8 of the Code for six months from the date of such announcement. Each of the parties has accepted this ruling. 15 October 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SLA.L