RNS Number : 6995J
  Blue Oar PLC
  08 December 2008
   


    Blue Oar Plc ("Blue Oar" or the "Company")

    Statement Re: Evolve Capital Plc

    The board of Blue Oar notes this morning's announcement by Evolve Capital Plc for Blue Oar's entire issued and to be issued share
capital of which it had no prior approach or warning. The Company is considering how to respond. In the meantime, the Company advises
shareholders to take no action. A further announcement will follow in due course.

    In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 166,550,031 Ordinary Shares of
1p each in issue and admitted to trading on the London Stock Exchange under UK ISIN code GB0031792194.

    Dealing Disclosure Requirements:
    Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested'
(directly or indirectly) in 1% or more of any class of 'relevant securities' of the Company, all 'dealings' in any 'relevant securities' of
that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an 'interest' in 'relevant securities' of the Company, they will be deemed to be 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 the Company by the Company, or by any of its
respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the
relevant transaction.
    A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of
such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.
    'Interests in securities' arise, in summary, when a person has long economic exposure, 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 the ownership or control of
securities, or by virtue of any option in respect of, or derivative referenced to, securities. 
    Terms in quotation marks are defined in the Code, which can also be found on the 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 Panel.

    For further information please contact: 

    Andrew Monk/Chris Roberts                                        Tel: 020 7448 4400 
    Blue Oar Plc                     


    James Britton / Nicholas Marren                                  Tel: 020 7418 8900 
    KBC Peel Hunt Ltd 


    Reg Hoare/Andrew Wilde                                            Tel: 020 7360 4900 
Smithfield



This information is provided by RNS
The company news service from the London Stock Exchange
 
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