WHY White Young

    RNS Number : 2011X
  White Young Green PLC
  20 June 2008
   


    White Young Green plc ("White Young Green" or the "Company")
    Statement re share price movement

    The Board of White Young Green notes the recent movement in the Company's share price. It confirms that the Company has received an
approach regarding a possible offer for the entire issued share capital of the Company. 

    There can be no certainty that any offer will be made. Shareholders are advised to take no action at this time. A further announcement
will be made in due course.


Enquiries:
 
White Young Green                                                                                         0113 278 7111
Peter Wood, Chairman
Lawrie Haynes, Chief Executive           
Bob Hartley, Finance Director
 
Rothschild                                                                                                       0113 200 1900    
David Forbes
Stephen Moore
 
Buchanan Communications                                                                              020 7466 5000
Tim Anderson


    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 White Young Green 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on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 White Young Green 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 White Young Green plc by White Young Green plc,
or by any of their respective "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.

    "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative referenced to, securities.

    Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether
or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.




This information is provided by RNS
The company news service from the London Stock Exchange
 
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