HAR Harvard

TIDMHAR

RNS Number : 9668A

Harvard International PLC

05 April 2012

5 April 2012

This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

Harvard International plc

("Harvard" or the "Company")

Extension to deadline in accordance with Rule 2.6(c)

On 30 March 2012, the Company announced that it, in accordance with Rule 2.6(c) of the Code, had been granted an extension by the Panel for Chengdu Geeya Technology Co. Ltd. ("Geeya") to, by not later than 5.00 p.m. on 5 April 2012, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

The Company has today, with the consent of the Panel, agreed to an extension of this deadline under Rule 2.6(c) of the Code until 5.00 p.m. on 13 April 2012. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. The extension was requested by the Board of Harvard as Geeya has informed the Company that the terms of the funding of the Offer have taken longer than expected to be agreed. All regulatory authority approvals in China have been obtained.

The possible offer remains subject to the pre-conditions in the announcement by the Company dated 10 October 2011.

There can be no certainty that an offer will be made for the Company nor as to the terms on which any offer may be made.

Enquiries:

Harvard International plc Tel: 020 8238 7650

Bridget Blow, Chairman

Mike Ashley, Chief Executive Officer

Investec Tel: 020 7597 4000

James Grace

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 10th 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. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Online availability of this announcement

In accordance with Rule 30.4 of the Code, a copy of this announcement will be available on Harvard's website (www.harvardplc.com).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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