Statement re Press Speculation (1584F)
April 19 2011 - 3:34AM
UK Regulatory
TIDMTVZ
RNS Number : 1584F
Travelzest plc
19 April 2011
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 OF THAT
JURISDICTION
19 April 2011
For immediate release
Travelzest plc ("Travelzest" or "the Company")
The Directors of Travelzest have noted the recent press
speculation concerning a possible offer for the Company and confirm
that the Company is currently in the very early stages of
discussions over a potential offer for the entire issued and to be
issued share capital of the Company. There is no certainty that the
talks will result in an offer being made for the Company.
A further announcement will be made when appropriate.
Enquiries:
Travelzest plc 0844 335 6623
Mark Molyneux
Redleaf Communications 020 7566 6700
Rebecca Sanders-Hewett / Anna Dunkin / Lucy
Salaman travelzest@redleafpr.com
Investec Investment Banking (Nominated Adviser) 020 7597 5970
Martin Smith / Duncan Williamson
Merchant John East Securities Limited (Broker) 020 7628 2200
Graeme Cull / Simon Clements
Disclosure requirements of the Takeover Code (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 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 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 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% 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.
Rule 2.10 - announcement of relevant securities in issue
In accordance with Rule 2.10 of the Code, the Company confirms
that it currently has in issue 145,136,110 ordinary shares of 2
pence each with voting rights and there are no ordinary shares held
in treasury. The International Securities Identification Number for
the ordinary shares is GB0032849084.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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