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25 Sep 2008 09:35
Augean plc
("Augean" or the "Company")
Statement Regarding Profit Forecast
On 26 August 2008 the Board of Augean announced that it had received a number of preliminary approaches which may or may not lead to an offer for the Company being made. As a result, Augean entered an offer period ("Offer Period") under the rules of the City Code on Takeovers and Mergers (the "Code").
On 23 September 2008 Augean made the following statements in its interim results announcement, which were subsequently repeated in the correction announcement on 25 September 2008, (the "Announcement"):
Given Augean was in an Offer Period at the time of the Announcement, it represents a profit forecast for the purposes of the Code and it is a requirement of the Code that the Profit Forecast should be reported on by Augean's auditors and financial advisers in the terms set out in Rule 28 of the Code.
Under the requirements of Rule 28 of the Code a circular will be sent to shareholders as soon as is practicable. The circular will contain further details of the assumptions on which the Profit Forecast was based.
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Augean PLC
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Paul Blackler, Chief Executive
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01937 844 980
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Peter Southby, Finance Director
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Financial Dynamics
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Jonathon Brill
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020 7831 3113
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Billy Clegg
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Landsbanki
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James Wellesley Wesley
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020 7426 9587
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