Rule 2.10 announcement - Relevant securities in Issue
In accordance with Rule 2.10 of the Irish Takeover Rules on Takeovers and Mergers (the "Rules"), Norish plc ("Norish" or "the Company") confirms that, as at the close of business on 24 November 2010, its issued share capital comprised 8,466,230 ordinary shares of €0.25 each (the "Ordinary Shares"). In addition, the Company confirms there are 256,000 share options that have been granted by the Company that are presently outstanding, under the Company's share option scheme.
The International Securities Identification Number for the Ordinary Shares is IE0006447985.
The Directors of Norish accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Norish (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they have accepted responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007, as amended (the "Irish Takeover Rules"), if any person is, or becomes, 'interested' (directly or indirectly) in, one per cent., or more of any class of 'relevant securities' of the Group, all 'dealings' in any 'relevant securities' of the Group (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by not later than 3.30 pm (GMT) on the business day following the date of the relevant transaction. This requirement will continue until the 'offer period' ends. If two or more persons co-operate on the basis of any agreement, either express or tacit, either oral or written, to acquire an 'interest' in 'relevant securities' of the Group, they will be deemed to be a single person for the purpose of Rule 8.3 of the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules, all 'dealings' in 'relevant securities' of Norish plc by Norish plc, or by any of its respective 'associates' must also be disclosed by no later than 12 noon (GMT) on the 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 can be found on the Panel's website at www.irishtakeoverpanel.ie.
'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 Irish Takeover Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to disclose a dealing under Rule 8, please consult the Panel's website at www.irishtakeoverpanel.ie or contact the Panel on telephone number +353 (0)1 678 9020; fax number +353 (0)1 678 9289.
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