APP.L Regulatory News (APP)

14 Feb 2007 12:16

African Platinum Plc14 February 2007 African Platinum plc - Statement re Possible Offer The Board of African Platinum notes the recent rise in its share price andconfirms that it has recently received an approach concerning a possible offerfor the Company. Discussions are ongoing and there can be no certainty as to whether or not theapproach will result in an offer for the Company. A further announcement will be made in due course. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if anyperson is, or becomes, "interested" (directly or indirectly) in 1% or more ofany class of "relevant securities" of African Platinum, all "dealings" in any "relevant securities" of that company (including by means of an option in respectof, or a derivative referenced to, any such "relevant securities") must bepublicly disclosed by no later than 3.30 pm (London time) on the London businessday following the date of the relevant transaction. This requirement willcontinue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of (the offeror or) the offeree company, theywill 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 "relevantsecurities" of African Platinum by the offeror or the offeree company, or by anyof their respective "associates", must be disclosed by no later than 12.00 noon(London time) on the London business day following the date of the relevanttransaction. A disclosure table, giving details of the companies in whose "relevantsecurities" "dealings" should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel. Disclosure in accordance with Rule 2.10 of the City Code In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, AfricanPlatinum confirms that, as at close of business on 2nd February 2007, it had thefollowing relevant securities in issue: - 476,022,353 ordinary shares of 0.1p each with ISIN code GB0031664823. - 5,819,904 listed warrants with ISIN code GB0031667164 - 38,100,000 unlisted warrants This information is provided by RNS The company news service from the London Stock Exchange