Avanta Serviced Office Group PLC Statement re: Offer by Tosca Vehicle Limited (6937X)
November 21 2014 - 6:22AM
UK Regulatory
TIDMASOG
RNS Number : 6937X
Avanta Serviced Office Group PLC
21 November 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION
21 November 2014
Avanta Serviced Office Group (AIM: ASOG)
Statement re: Offer by Tosca Vehicle Limited
The board of Avanta Serviced Office Group plc ("ASOG" or the
"Company") notes the announcement issued earlier today regarding
the offer by Tosca Vehicle Limited for the entire issued and to be
issued share capital of the Company (the "Offer").
The board of ASOG will communicate its views on the Offer to
shareholders as soon as practicable.
In accordance with Rule 2.10 of the City Code on Takeovers &
Mergers (the "Code"), the Company confirms that as at the date of
this announcement, it has in issue 32,710,998 ordinary shares of 30
pence each. The International Securities Identification Number
(ISIN) of the ordinary shares is GB00BCLYPC12.
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be made available on our website at
http://www.avanta.co.uk/.
A further announcement will be made in due course.
Enquiries
Avanta Serviced Office Group plc Tel: 020 3008 6000
Daniel Taylor, Chairman
Alan Pepper, Chief Executive Officer
Shore Capital & Corporate Tel: 020 7408 4090
Stephane Auton / Patrick Castle
Weber Shandwick Tel: 020 7367 5100
Nick Oborne
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any paper
offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in,
and rights to subscribe for, any relevant securities of each of (i)
the offeree company and (ii) any securities exchange offeror(s). An
Opening Position Disclosure by a person to whom Rule 8.3(a) applies
must be made by no later than 3.30 pm (London time) on the 10(th)
business day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities
exchange offeror is first identified. Relevant persons who deal in
the relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening
Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror, save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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