14th Feb 2008 11:05
Ideal Shopping Direct PLC14 February 2008 Ideal Shopping Direct PLC ('Company') 14 February 2008 Share price movement The board of Ideal Shopping Direct PLC (the 'Company') notes the recent rise inthe Company's share price and confirms it has received a very preliminaryapproach which may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made for the Company or as tothe terms on which any such offer might be made. Further announcements will be made as appropriate. Contacts Ideal Shopping Direct PLC:David Blake, Finance Director Tel: 01733 316 207 Landsbanki Securities (UK) Limited:Jeff Keating Tel: 020 7426 9000John CravenSimon Robinson Buchanan Communications:Richard Darby Tel: 020 7466 5000 Relevant Securities in Issue In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the'Code'), the Company confirms that it has 29,663,505 Ordinary Shares of 3 penceeach in issue at the close of business on 13 February 2008 and is admitted totrading on the London Stock Exchange under the UK ISIN code GB0001202109. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,'interested' (directly or indirectly) in 1% or more of any class of 'relevantsecurities' of the Company, all 'dealings' in any 'relevant securities' of theCompany (including by means of an option in respect of, or a derivativereferenced to, any such 'relevant securities') must be publicly disclosed by nolater than 3.30 pm (London time) on the London business day following the dateof the relevant transaction. This requirement will continue until the date onwhich the offer becomes, or is declared, unconditional as to acceptances, lapsesor is otherwise withdrawn or on which the 'offer period' otherwise ends. If twoor more persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an 'interest' in 'relevant securities' of theCompany, 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 'relevantsecurities' of Company by the offeror or the offeree company, 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 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:
International Distributions Services