Alkemy Capital. Regulatory News (ALK)

8 Oct 2007 10:19

Alkane Energy PLC08 October 2007 Alkane Energy plc 8 October 2007 Announcement from the Board of Directors of Alkane Energy Alkane Energy plc ('Alkane Energy') notes the movement in its share price.Alkane Energy confirms that it has held informal talks that may or may not leadto an offer being made for the Company. The talks are at an early stage and there can be no certainty that a formal offer will be forthcoming. Further announcements will be made in due course, as appropriate. For further enquiries: Brewin Dolphin Investment Banking 0845 270 8610Andrew Emmott 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 Alkane Energy, 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 3.30pm (London time) on the London business day following the date of the relevanttransaction. This requirement will continue until the date on which an offerbecomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 Alkane Energy, 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 Alkane Energy by Alkane Energy, or by any of its respective 'associates',must be disclosed by no later than 12 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 optionin 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. Brewin Dolphin Investment Banking, which is authorised by the Financial Services Authority, is acting exclusively for Alkane Energy and no one else and will not be responsible to anyone other than Alkane Energy for providing the protections offered to clients of Brewin Dolphin Investment Banking or forproviding advice in relation to matters referred to herein. ENDS This information is provided by RNS The company news service from the London Stock Exchange