TLG PLC - Holding under SAR 3
September 11 1998 - 6:39AM
UK Regulatory
RNS No 8209d
TLG PLC
Date of disclosure..11th September 1998
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")
Date of acquisition.10th September 1998...........
Acquisition in...TLG PLC...................................(name of company)
(1) Class of voting shares Number of shares/rights If rights over shares
(eg ordinary shares) over shares acquired acquired, as opposed
to the shares
themselves, specify
nature of rights
ORDINARY 10P SHARES ...15,000,000....shares ........................
...N/A...........rights
(2) Resultant total holding Resultant total holding Total percentage
of voting shares (and % of rights over shares
of total voting shares (and % of total voting
in issue) shares in issue)
.44,614,700.....(23.76%) ..300,000.....(0.16%) 44,914,700......(23.92%)
(3) Party making disclosure..PANMURE GORDON & CO. LIMITED.....................
(4) (a) Name of person acquiring shares or rights over shares................
and, if different, beneficial owner...WASSALL PLC....................
(b) Names of any other persons acting by
agreement or understanding (see SAR 5)..............................
Signed, for and on behalf of the party named in (3) above......................
(Also print name of signatory)....KEITH ANDERSON...............................
Telephone and extension number....0171 860 3671................................
Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.
For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Take-overs and Mergers, Tel. No: 01-382
9026.
DISCLOSURE OF FURTHER ACQUISITIONS OF SHARES
Following the announcement by Wassall PLC ("Wassall") of its cash offer for TLG
plc ("TLG") on 10th September, 1998, Panmure Gordon & Co. Limited, acquired a
further 3,206,229 TLG shares on behalf of Wassall. Wassall's resultant holding
of voting shares amounted to 47,820,929 (25.47% of the total voting shares in
issue) and a total holding, including rights over 300,000 shares, of 48,120,929
shares (25.63% of the total voting shares in issue).
APPENDIX TO FORM SAR 3
Included in the total figure above are the following interests in options over
TLG PLc ordinary shares:
Trade date Buy/Sell Put/Call No. of shares Strke price Expiry date
(p)
19th June 1998 S P 300,000 112 18th Sept.1998
END
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