31st Jul 2007 16:20
Takeover Panel31 July 2007 2007/24 QUINTAIN ESTATES AND DEVELOPMENT PLC ("QUINTAIN ESTATES") QUILL SECURITIES LIMITED ("QUILL SECURITIES") Following recent representations made by the advisers to Quintain Estates, thePanel Executive has been considering the application of Rule 2.4(b) of the Codeto the approach by Quill Securities to Quintain Estates. Following discussionswith both parties' advisers, the Panel Executive has ruled that Quill Securitiesmust, by 5pm on 10 September 2007, either announce a firm intention to make anoffer for Quintain Estates under Rule 2.5 of the Code or announce that it doesnot intend to make an offer for Quintain Estates. No extension to this deadlinewill be granted, except with the consent of the Panel Executive. In the eventthat Quill Securities announces that it does not intend to make an offer forQuintain Estates, Quill Securities and any person acting in concert with itwill, except with the consent of the Panel Executive, be bound by therestrictions contained in Rule 2.8 of the Code for six months from the date ofsuch announcement. Each of the parties has accepted this ruling. 31 July 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Quadrise