City Site Estates - Rule 8 Disclosure
December 02 1998 - 12:31PM
UK Regulatory
RNS No 5092n
CITY SITE ESTATES PLC
Date of Disclosure.2nd December 1998.....
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKE-OVERS AND MERGERS
Date of dealing....2nd December 1998
Dealing in.........CITY SITE ESTATES PLC...................(name of company)
(1) Class of securities (eg ordinary shares)....ORDINARY SHARES...........
(2) Amount bought Amount sold Price per unit
500,000 26 pence
(3) Resultant total of the same class owned or controlled
(and percentage of class)...6,585,212.............................. ( 39%)
(4) Party making disclosure....ERNST & YOUNG................................
(5) EITHER (a) Name of purchaser/vendor (Note 1).WOODVALE ESTATES LIMITED....
OR (b) if dealing for discretionary client(s), name of fund management
organisation
............................N/A................................................
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company YES
Specify which category or categories of associate (1-8 overleaf)....N/A........
If category (8), explain......WOODVALE ESTATES LIMITED IS THE OFFEROR...........
................................................................................
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
of the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above......N/A..............
(Also print name of signatory).....JEREMY DAWSON................................
Telephone and extension number.....0141 626 5519................................
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8............................................................
...............................................................................
...............................................................................
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Take-overs and Mergers, Tel. No: 0171-382 9026.
END
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