Rns...GLA:)18 May 2010 08:05
TIDMSCO RNS Number : 0850M Scotty Group PLC 18 May 2010 ? 18 May 2010 SCOTTY Group plc ("SCOTTY" or the "Company") Statement re preliminary approach The Board of SCOTTY, the video telecommunications equipment and technology company with a focus on the government, defence and aviation markets, announces that it has received an expression of interest from a third party that may or may not lead to an offer being made for either the entire issued and to be issued share capital of the Company or the significant assets of the Company. Shareholders should be aware that discussions are preliminary in nature and that there is no certainty that an offer will be made. Further updates will be announced as appropriate. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, SCOTTY has 20,212,937 ordinary shares of 50 pence each in issue. The International Securities Identification Number for SCOTTY is GB00B3CM8F53. For further information please contact: +--------------------------------------------+-----------------------+ | SCOTTY Group plc | 020 7653 9850 | | Rt. Hon Lord David Trefgarne PC, Chairman | | | Kurt Kerschat, CEO | | | | | +--------------------------------------------+-----------------------+ | Allenby Capital Limited | 020 3328 5656 | | Brian Stockbridge | | | Nick Athanas | | | James Reeve | | | | | +--------------------------------------------+-----------------------+ | Threadneedle Communications | 020 7653 9850 | | Graham Herring | | | Josh Royston | | | | | | | | | | | +--------------------------------------------+-----------------------+ Under Rule 8.3(a) of the Takeover Code (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 offer in respect of which it has been announced that its offer is, or is likely to be, solely in cash) 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 o