H.R. Owen PLC Response to Offer (8928N)
12 Septiembre 2013 - 10:38AM
UK Regulatory
TIDMHRO
RNS Number : 8928N
H.R. Owen PLC
12 September 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
12 September 2013
H.R. Owen Plc ("HR Owen" or the "Company")
Response to cash offer from Berjaya Philippines Inc. ("BPI")
The Board of HR Owen has noted the announcement today by BPI of
its purchase of an additional 2,350,000 shares in the Company from
JP Morgan, representing 10% of the issued share capital, and
subsequent unsolicited Increased Mandatory Cash Offer for the
entire issued and to be issued share capital of the Company not
already held by BPI and persons acting in concert with it at 170
pence per share.
Shareholders are strongly advised to take no action in respect
of the Increased Mandatory Cash Offer until a further announcement
has been made by the Board.
Information:
H.R. Owen (020 7245 1122)
Jon Walden, Joe Doyle
Rothschild (0207 280 5000)
Financial Adviser
Majid Ishaq, Roland Oakshett
Charles Stanley Securities (020 7149 6000)
Corporate Broker
Marc Milmo, Carl Holmes
Halkin Communications
PR Adviser
Sara Batchelor (07904 680 547)
Katie Bell (07887 822 221)
Charles Stanley Securities, which is authorised and regulated in
the UK by the Financial Conduct Authority, is acting exclusively
for HR Owen and no one else in connection with the offer by BPI and
will not be responsible to anyone other than HR Owen for providing
the protections afforded to clients of Charles Stanley Securities
nor for providing advice in connection with the offer by BPI or any
matter referred to herein.
Rothschild, which is authorised and regulated in the UK by the
Financial Conduct Authority is acting exclusively for HR Owen and
no one else in connection with the offer by BPI and will not be
responsible to anyone other than HR Owen for providing the
protections afforded to clients of Rothschild nor for providing
advice in connection with the offer by BPI or any matter referred
to herein.
Disclosure requirements of the City 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.
Publication on Website
A copy of this announcement will be available on the Company's
web site (www.hrowen.co.uk) by no later than 12 noon (London time)
on 13 September 2013.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLTMATMBJBBAJ
HR Owen (LSE:HRO)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
HR Owen (LSE:HRO)
Gráfica de Acción Histórica
De May 2023 a May 2024