LBE Longboat Energy Plc

 

TIDMLBE 
 
RNS Number : 6197I 
Liberty PLC 
16 March 2010 
 

This announcement replaces RNS 4696I released at 07.00 on 12 March 2010.  The 
only changes are the addition of the section headed "Rule 2.10" and certain 
amendments to the section headed "Dealing Disclosure Requirements".  All other 
text remains unchanged and the full text of the updated announcement is below. 
 
16 March 2010 
 
For Immediate Release 
 
Not for release, publication or distribution in whole or in part, in or into the 
United States, Canada, Australia, Japan or any other jurisdiction if to do so 
would constitute a violation of the relevant laws of such jurisdiction. 
 
                                  LIBERTY Plc 
                          ("Liberty" or "the Company"): 
 
                    DISCUSSIONS RELATING TO A POTENTIAL OFFER 
 
Further to the recent press speculation, the Board of Liberty (the "Board") 
confirms that it has received approaches which may or may not lead to an offer 
being made for the Company. At this stage, it is too early for the Board to 
determine whether or not these discussions will result in any formal offer being 
made for the Company. 
 
Over the past six months Liberty has been examining and assessing a range of 
options and initiatives that would enable it to build upon its success since the 
launch of the Renaissance of Liberty in February 2009. This has included seeking 
investors who could bring capital and expertise to help develop and grow the 
business both within the UK  and internationally. 
 
Also the Company has noted the press comment surrounding the possible sale and 
leaseback of Liberty's Tudor building flagship store on Great Marlborough 
Street, London W1, which was the subject of an announcement by the Company on 1 
March 
2010. 
 
Shareholders will be updated on further developments as appropriate. 
 
At the time of its trading statement in January 2010, the Company said overall 
revenue for the year to December 2009 grew by 20% and that the flagship store 
generated a 16% revenue increase during the course of 2009 compared to the 
previous year. All divisions increased revenue with the on-line sales platform 
enjoying a particularly strong Christmas. 
 
Trading has continued to benefit from the Renaissance of the Regent Street 
flagship store which drove footfall and market share over the remainder of the 
year and has continued during 2010 to date. 
 
Rule 2.10 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 
"Code"), Liberty confirms that it currently has in issue 22,608,808 ordinary 
shares of 25p each and 385,000 cumulative non-redeemable preference shares of 
GBP1 each. 
 
The International Securities Identification Number for the ordinary shares is 
GB0007742082. 
As the cumulative non-redeemable preference shares are not listed, there is no 
applicable International Securities Identification Number. 
 
Ends. 
 
Contact: 
 
Richard Balfour-Lynn, Chairman, Liberty.                     Tel: 020 7706 2121 
 
Baron Phillips, Baron Phillips Associates.                      Tel: 020 7920 
3161 
 
 
 
Dealing Disclosure Requirements 
 
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any 
person is, or becomes, "interested" (directly or indirectly) in 1% or more of 
any class of "relevant securities" of Liberty plc, 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 Liberty plc, 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 Liberty plc by Liberty plc, or by any of its "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. 
 
The Directors of Liberty plc accept responsibility for the information contained 
in this announcement. To the best of the knowledge and belief of the Directors 
of Liberty plc, who have taken all reasonable care to ensure that this is the 
case, such information is in accordance with the facts and does not omit 
anything likely to affect the import of such information. This announcement does 
not constitute an offer or invitation to purchase or subscribe for any 
securities. 
 
Seymour Pierce Limited, which is authorised and regulated in the United Kingdom 
by the Financial Services Authority, is acting exclusively for Liberty plc and 
for no one else in connection with the proposed offer and is not advising any 
other person or treating any other person as its client in relation thereto and 
will not be responsible to anyone other than Liberty plc for providing the 
protections afforded to clients of Seymour Pierce Limited, or for giving advice 
to any other person in relation to the proposed offer, the contents of this 
announcement or any other matter referred to herein. 
 
Cavendish Corporate Finance LLP, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Liberty 
plc and for no one else in connection with the proposed offer and is not 
advising any other person or treating any other person as its client in relation 
thereto and will not be responsible to 
anyone other than Liberty plc for providing the protections afforded to clients 
of Cavendish Corporate Finance LLP, or for giving advice to any other person in 
relation to the proposed offer, the contents of this announcement or any other 
matter referred to herein. 
 
Global Leisure Partners LLP, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Liberty 
plc and for no one else in connection with the proposed offer and is not 
advising any other person or treating any other person as its client in relation 
thereto and will not be responsible to anyone other than Liberty plc for 
providing the protections afforded to clients of Global Leisure Partners LLP, or 
for giving advice to any other person in relation to the proposed offer, the 
contents of this announcement or any other matter referred to herein. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SPCGGURGWUPUGRA 
 

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