20th Mar 2008 15:49
Karl E Watkin20 March 2008 FOR IMMEDIATE RELEASE 20 March 2008 D1 Oils Plc ("D1 Oils" or "the Company") Statement re: Share Price Movement Having regard to the movement in D1 Oils' share price, Karl Watkin announcesthat he is at a very preliminary stage in evaluating all options with regard tohis shareholding in the Company, including an increase or decrease in hisinterest, and whether or not to make an offer for the Company. Contact Brian Coleman-SmithCubitt Consulting Limited+44 20 7367 5100 Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,"interested" (directly or indirectly) in one per cent. or more of any class of"relevant securities" of D1 Oils, all "dealings" in any "relevant securities" ofD1 Oils (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until the date onwhich the offer becomes, or is declared, unconditional as to acceptances, lapsesor is otherwise withdrawn or on which the "offer period" otherwise ends.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 D1Oils, they will be deemed to be a single person for the purpose of Rule 8.3 ofthe City Code. Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevantsecurities" of D1 Oils by Karl Watkin or by D1 Oils or by any of theirrespective "associates" for their own account during an "offer period", must bedisclosed by no later than 12 noon (London time) on the London business dayfollowing 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 marksare defined in the City Code, which can also be found on the Takeover Panel'swebsite. If you are in any doubt as to whether or not you are required todisclose a "dealing" under Rule 8 of the City Code, you should consult theTakeover Panel. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L