VPC Venture Prod.

 

TIDMVPC TIDMCNA 
 
RNS Number : 0402U 
Takeover Panel 
17 June 2009 
 

 
                                                         2009/11 
 
 
VENTURE PRODUCTION PLC ("VENTURE") 
CENTRICA PLC ("CENTRICA") 
 
 
 
 
Following recent representations made by the advisers to Venture, the Panel 
Executive has been considering the application of Rule 2.4(b) of the Code to the 
announcement made by Centrica, on 18 March 2009, in respect of Venture. 
Following discussions with all parties' advisers, the Panel Executive has ruled 
that, unless the Panel Executive consents otherwise, Centrica must by 5.00 p.m. 
on 13 July 2009, either announce a firm intention to make an offer for Venture 
under Rule 2.5 of the Code or announce that it does not intend to make an offer 
for Venture.  In the event that Centrica announces that it does not intend to 
make an offer for Venture, Centrica and any person acting in concert with it 
will, except with the consent of the Panel Executive, be bound by the 
restrictions contained in Rule 2.8 of the Code for six months from the date of 
such announcement. 
 
 
Each of the parties has accepted this ruling. 
 
 
 
 
 
 
17 June 2009 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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