SSPH Ssp Hold

    RNS Number : 0014X
  SSP Holdings PLC
  18 June 2008
   

    SSP Holdings plc
    ("SSP" or the "Company")

    Statement re: Share price movement

    The Board of SSP notes the recent movement in its share price and confirms that it is in discussions with a financial buyer, which may
or may not lead to an offer being made for the Company.  These discussions are at an early stage and there is no certainty that they will
result in a formal offer.

    A further announcement will be made in due course as appropriate.

    Weber Shandwick Financial                                                      020 7067 0700 
    Nick Oborne 
    John Moriarty 
    Charlie Hooper 

    Dealing Disclosure Requirements

    Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (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
that 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn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 the Company by the Company, or by any of its
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.

    Disclosure in accordance with Rule 2.10:

    In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 82,631,604 ordinary shares of
0.1 pence each in issue under the ISIN code: GB00B1D3Q599.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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