Burford Capital Regulatory News (BUR)

10 Jan 2008 11:28

Burren Energy PLC10 January 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA,JAPAN OR THE UNITED STATES 10 January 2008 Burren Energy plc ("Burren" or the "Company") Statement concerning recent press speculation In the light of today's press speculation and the share price movement, Burrenwould like to clarify that during the offer period it has had no contact withparties named, being Welspun Group, Adani Group or Euromax Capital. The Boardconfirms that no discussions have taken place nor due diligence undertaken andthat it has received no proposal or offer from these parties. For the avoidance of doubt, there can be no certainty that this speculation willlead to an offer being made for Burren nor as to the terms on which any offermight be made. Contact information: Burren: +44 (0) 20 7484 1900 Atul Gupta, Chief Executive Andrew Rose, Chief Financial Officer UBS: +44 (0) 20 7567 8000 Adrian Haxby David Waring Neil Patel Pelham: +44 20 7743 6673 James Henderson Alisdair Haythornthwaite 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 Burren, all "dealings" in any "relevantsecurities" of Burren (including by means of an option in respect of, or aderivative referenced to, any such "relevant securities") must be publiclydisclosed by no later than 3.30 pm (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continueuntil the date on which the offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the "offer period"otherwise ends. If two or more persons act together pursuant to an agreement orunderstanding, whether formal or informal, to acquire an "interest" in "relevantsecurities" of Burren, they will be deemed to be a single person for the purposeof Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of Burren by Burren, or by any "associates", must be disclosed by nolater than 12.00 noon (London time) on the London business day following thedate of the relevant transaction. 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 at www.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 theTakeover Panel's website. If you are in any doubt as to whether or not you arerequired to disclose a "dealing" under Rule 8, you should consult the TakeoverPanel. This information is provided by RNS The company news service from the London Stock Exchange