HTH Hartest Hldgs.

 

TIDMHTH TIDMEKT 
 
RNS Number : 2675Q 
Hartest Holdings PLC 
30 July 2010 
 

30 July 2010 
                              Hartest Holdings plc 
 
 
                                Response to Offer 
 
 
Hartest Holdings plc ("Hartest" or the "Company") notes the announcement made 
today by Elektron plc ("Elektron") of a mandatory cash offer pursuant to Rule 9 
of the City Code on Takeovers and Mergers (the "Code") to acquire all of the 
issued and to be issued share capital of the Company not already owned by it 
(the "Elektron Offer"). 
 
Hartest is reviewing the Elektron Offer and a response will be made by the Board 
in due course. 
 
Enquiries: 
 
+---------------------+---------------------------+------------------+ 
| Hartest Holdings    | Geoff Spink               | 01252 749 530    | 
| plc                 |                           |                  | 
+---------------------+---------------------------+------------------+ 
| Westhouse           | Tim Metcalfe / Martin     | 020 7601 6100    | 
| Securities          | Davison                   |                  | 
|                     |                           |                  | 
+---------------------+---------------------------+------------------+ 
| Hansard             | Justine James / Kirsty    | 020 7245 1100    | 
| Communications      | Corcoran                  |                  | 
+---------------------+---------------------------+------------------+ 
 
 
Westhouse Securities Limited ("Westhouse"), which is regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively as financial 
adviser to Hartest and no one else (including the recipients of this 
announcement) in connection with the arrangements that are the subject matter of 
this announcement and will not be responsible to anyone other than Hartest for 
providing the protections afforded to clients of Westhouse or for advising any 
other person in connection with the arrangements that are the subject matter of 
this announcement. 
 
Westhouse makes no representation, express or implied, with respect to the 
accuracy or completeness of any information contained in this announcement and 
accepts no responsibility for, nor does it authorise, the contents of, or the 
issue of this announcement, or any other statement made or purported to be made 
by Hartest, or on its behalf, in connection with Hartest or any of the other 
arrangements that are the subject matter of this announcement and, accordingly, 
it disclaims all and any liability whatsoever whether arising out of tort, 
contract or otherwise which they might otherwise have in respect of this 
announcement or any other statement. 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be restricted by law and therefore persons 
into whose possession this announcement comes should inform themselves about, 
and observe such restrictions.  Any failure to comply with the restrictions may 
constitute a violation of the securities laws of any such jurisdiction.  The 
announcement has been prepared in accordance with English law and the Code and 
information disclosed may not be the same as that which would have been prepared 
in accordance with the laws of jurisdictions outside England. 
 
DEALING DISCLOSURE REQUIREMENTS 
 
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 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 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 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 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.  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. 
 
Please note that any address, electronic address and certain other information 
provided for the receipt of communications from the offeree company may be 
provided to an offeror during the offer period as required under Section 4 of 
Appendix 4 of the Code. 
 
"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. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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