19 Sep 2011 16:33
This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.
Arena Leisure Plc
On 23 June 2011, the Board of Arena Leisure Plc (the "Company") announced that it was reviewing possible options to increase value for its shareholders, which may include a possible offer for the Company.
Under paragraph 1.4 of the transitional arrangements published by the Takeover Panel (the "Panel") on 21 July 2011, where an offeree company is already in an offer period, the offeree company is required to announce by 19 September 2011 the identity of any potential offeror with which it is in talks, or from which it is in receipt of an approach, if, at the commencement of the offer period, it was in talks with, or had received an approach from, that offeror.
The Company today announces that the Panel has granted the Company a dispensation from this requirement for the purposes of the transitional arrangements only.
There can be no certainty that an offer will be made for the Company nor as to the terms on which any offer may be made.
A further announcement will be made in due course.
19 September 2011
Enquiries:
College Hill | 020 7457 2020 |
Matthew Smallwood | |
Justine Warren |