Share Price Movement
14 Mayo 2010 - 6:29AM
UK Regulatory
TIDMCSU
RNS Number : 9545L
Castle Support Services PLC
14 May 2010
14 May 2010
Castle Support Services plc
("Castle" or the "Company")
Statement re: Recent Share Price Movement
The Board of Castle (the "Board") notes the recent rise in the Company's share
price and confirms that it has received a number of provisional approaches and
is in discussions with more than one party which may or may not lead to an offer
being made for the Company.
These discussions are at an early stage and the Board emphasises that there can
be no certainty that any offer will be forthcoming. A further announcement will
be made in due course.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the
"Code"), Castle confirms that it currently has 118,083,186 ordinary shares of 20
pence each in issue and admitted to trading on the London Stock Exchange under
the ISIN code GB00B1XLC667.
+------------------------------------------+----------------------+
| Enquiries: |
| |
+-----------------------------------------------------------------+
| Castle Support Services plc |
+-----------------------------------------------------------------+
| Tudor Davies, Director | +44 (0) 121 766 6161 |
| | |
+------------------------------------------+----------------------+
| Tim Barrett, Finance Director | +44 (0) 121 766 6161 |
| | |
+------------------------------------------+----------------------+
| www.castlesupportservices.com |
+-----------------------------------------------------------------+
| | |
+------------------------------------------+----------------------+
| Strand Hanson Limited |
+-----------------------------------------------------------------+
| Rory Murphy / Matthew Chandler | +44 (0) 20 7409 3494 |
| | |
+------------------------------------------+----------------------+
Disclosure Requirements of 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 Castle 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) Castle 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 p.m.
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 p.m. (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 Castle 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 Castle or of any paper offeror
must make a Dealing Disclosure if the person deals in any relevant securities of
Castle 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) Castle 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 p.m. (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 Castle 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 Castle and by any offeror and
Dealing Disclosures must also be made by Castle, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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