GGA Georgica Plc

    RNS Number : 5161L
  Georgica PLC
  13 January 2009
   
    Georgica Plc (the "Company") - trading statement.


    Same outlet sales for the 52 weeks ended 28th December 2008 were down 3.3% on the comparable period ended 30th December 2007. Trading
over the 4 week Christmas and New Year period was mixed but overall not as bad as was feared with same outlet sales down 5.3%.

    Net debt at 28th December 2008 was �4m.  

    Talks with interested parties are ongoing. Should these talks not result in a satisfactory offer, the Company intends to pursue options
for returning cash to shareholders.

    The financial results for the full year 2008 are expected to be published in February.


    Contact

    Georgica Plc
    Nicholas Oppenheim            020 7600 7900

    Cenkos Securities plc
    Nicholas Wells                020 7397 8924


    The following disclosures are required as the company is in an offer period:

    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 the Company, all "dealings" in any "relevant securities" of the 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date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer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 the Company, 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 Company by the offeror or the offeree company,
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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