17th Apr 2008 16:12
Mercator Gold PLC17 April 2008 Mercator Gold plc Statement re Share Price Movement The board of Mercator Gold plc (the 'Company') notes the recent rise in theCompany's share price and confirms it has received a preliminary approach whichmay 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 such an offer may be made. Further announcements will be made as appropriate. Mercator Gold plcTerry Strapp, Chairman Tel: +61 (0)412 228 422Patrick Harford, Managing Director Tel: +44 (0)20 7929 1010 Cenkos Securities plc Tel: +44 (0)20 7397 8900Ian SoanesAdrian Hargrave Disclosure under Rule 2.10 In accordance with Rule 2.10 of the Takeover Code, the Company confirms that ithas 62,674,911 ordinary shares of 10p each in issue and is admitted to tradingon the AIM Market of the London Stock Exchange under the ISIN code GB00B0P4LQ95. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if anyperson is, or becomes, 'interested' (directly or indirectly) in 1% or more ofany class of 'relevant securities' of the Company, all 'dealings' in any'relevant securities' of the Company (including by means of an option in respectof, or a derivative referenced to, any such 'relevant securities') must bepublicly disclosed by no later than 3.30 pm (London time) on the London businessday following the date of the relevant transaction. This requirement willcontinue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe 'offer period' otherwise ends.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 the Company, 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 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 'relevant securities' 'dealings' should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website at www.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:
ECR Minerals