Acorn Group PLC - Rule 8 Disclosure-Amendment
May 26 1999 - 5:41AM
UK Regulatory
RNS No 8476h
ACORN PLC
The issuer has made the following amendment to the Rule 8 Disclosure
announcement released today under RNS No 8353h.
In Section 5 the purchaser/vendor is Warburg Dillon Read.
All other details are unchanged and the full text is shown below.
Date of disclosure 25 MAY 99
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS
Date of dealing 21 MAY 99.
Dealing in ACORN PLC (Name of company)
(1) Class of securities (e.g. ordinary shares) ORDINARY
(2) Amount bought Amount sold Price per unit
175,000 0 253.5p
52,200 0 250p
(3) Resultant total of the same class owned or controlled
(and percentage of class) 8,631,450 (9.32 % )
(4) Party making disclosure WARBURG DILLON READ
(5) EITHER (a) Name of purchaser/vendor (Note 1) WARBURG DILLON READ
OR (b) If dealing for discretionary client(s), name of fund
management organisation
(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)
If category (8), explain
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
of the class of relevant securities dealt in) YES
* See attached Rider.
Signed, for and on behalf of the party named in (4) above SENT VIA RNS
(Also print names of signatory) KAREN HALES MELANIE TITMAN
Telephone and extension number 0171-568 5846
Note 1. Specify owner, not nominee or vehicle company. If relevant,
also identify controller of owner, e.g. 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 compnay in relation to
relevant securities, details of such arrangement must be disclosed, as
required Note 6 on Rule 8
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers. Tel No: 0171-382 9026
Warburg Dillon Read Rider 25 May 1999
Previous Trading in Acorn PLC
Date Quantity Bought Sold Price per unit Resultant Total Held % of Class
29 Apr 37,500 18,750 253 7,103,750 7.67
30 Apr 25,500 0 261 7,129,250 7.70
14 May 816,700 0 255.25 7,945,950 8.58
17 May 58,300 0 249
50,000 0 250
50,000 0 252
150,000 0 251 8,254,250 8.91
18 May 50,000 0 249 8,304,250 8.97
19 May 50,000 0 251 8,354,250 9.02
20 May 50,000 0 252 8,404,250 9.07
END
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