Rule 2.10 Announcement (1654Z)
March 12 2012 - 8:51AM
UK Regulatory
TIDMSTA
RNS Number : 1654Z
Stagecoach Theatre Arts PLC
12 March 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION (INCLUDING THE
UNITED STATES, AUSTRALIA, CANADA AND JAPAN) OR ANY OTHER
JURISDICTION WHERETO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
12 MARCH 2012
STAGECOACH THEATRE ARTS PUBLIC LIMITED COMPANY
("Stagecoach" or the "Company")
Rule 2.10 Announcement
Further to the announcement made earlier today, in accordance
with Rule 2.10 of the City Code on Takeovers and Mergers,
Stagecoach confirms that it has 10,000,000 ordinary shares of
5pence each in issue and admitted to trading on the London Stock
Exchange AIM market with ISIN GB0031087744.
Stagecoach Telephone: 01932 254 333
Richard Dawson, Finance Director
& Investor Relations
Smith & Williamson Corporate Finance Telephone: 020 7131 4000
Limited
(Financial adviser to Stagecoach)
David Jones
Siobhan Sergeant
Peckwater PR Telephone: 07879 458 364
(Financial PR to Stagecoach)
Tarquin Edwards
Smith & Williamson Corporate Finance Limited, which is
authorised and regulated in the UK by the FSA, is acting
exclusively as financial adviser to Stagecoach and no one else in
connection with the Offer and will not be responsible to anyone
other than Stagecoach for providing the protections afforded to
clients of Smith & Williamson Corporate Finance Limited or for
providing advice in relation to the Offer or any other matters
referred to in this announcement.
This announcement is not intended to and does not constitute, or
form any part of, an offer to sell or an invitation to subscribe
for or purchase any securities or the solicitation of an offer to
purchase or subscribe for any securities in any jurisdiction
pursuant to the Offer or otherwise. The Offer will be made solely
through the Offer Document, which will contain the full terms and
conditions of the Offer (including details on how to accept the
Offer). Any response in relation to the Offer should be made only
on the basis of the information contained in the Offer Document and
the Form of Acceptance or any other document by which the Offer is
made. Stagecoach Shareholders are advised to read carefully the
formal documentation in relation to the Offer once it has been
dispatched. This announcement does not constitute a prospectus or
prospectus equivalent document.
Dealing disclosure requirements
Under Rule 8.3(a) of the Code, any person who is interested in
1.00 per cent. or more of any class of relevant securities of an
offeree company or of any paper 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 paper 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 tenth business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the tenth business day following the
announcement in which any paper offeror is first identified.
Relevant persons who deal in the relevant securities of the offeree
company or of a paper 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 1.00 per cent. or more of any class of relevant
securities of the offeree company or of any paper offeror must make
a Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any paper 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 paper 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 paper
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. If you are in any doubt as to whether you are required
to make an Opening Position Disclosure or a Dealing Disclosure, you
should contact the Panel's Market Surveillance Unit on +44 (0)20
7638 0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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