21st Sep 2007 07:10
Bespak PLC21 September 2007 BESPAK PLC ("BESPAK" OR THE "COMPANY") The Board of Bespak notes the recent movement in its share price and confirmsthat it has received a very preliminary approach which may or may not lead to anoffer being made for the Company. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the"Code"), Bespak confirms that it has 28,540,907 ordinary shares of 10 pence eachin issue and admitted to trading on the London Stock Exchange under the UK ISINcode GB0000946276. There can be no certainty that an offer will be made nor as to the terms onwhich any offer might be made. A further announcement will be made in due course. 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 Bespak, all "dealings" in any "relevant securities" of Bespak(including by means of an option in respect of, or a derivative references to,any such "relevant securities") must be publicly disclosed by no later than3.30pm (London time) on the London business day following the date of therelevant transaction. This requirement will continue until the date on whichthe offer becomes, or is declared, unconditional as to acceptances, lapses or isotherwise withdrawn or on which the "offer period" otherwise ends. If two ormore persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an "interest" in "relevant securities" of Bespakthey will be deemed to a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Bespak by the potential offeror or Bespak or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the 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 at www.takeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute to changes in the price of securities.In particular, a person will be treated as having an "interest" by virtue of theownership or control of securities, or by virtue of any option in respect of,or derivative referenced to, securities. Terms in quotation marks are definedin the Code, which can also be found on the Takeover Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Takeover Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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