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5 Oct 2009 07:00
DIAMONDCORP PLC
("Diamondcorp" or the "Company")
Announcement regarding possible offer
The board of Diamondcorp notes the recent press speculation and announces that it is in preliminary discussions with a third party which may or may not lead to an offer being made for the entire issued share capital of the Company.
Shareholders of the Company should be aware that there is no certainty that an offer will be forthcoming.
A further announcement will be made in due course.
Rule 2.10 Requirement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Diamondcorp confirms that it currently has in issue 41,086,995 ordinary shares of 3p each. The International Securities Identification Number for the ordinary shares is GB00B183ZC46.
Contact:
Paul Loudon
DiamondCorp plc +44 20 7256 2651
Ivonne Cantú/Liz Bowman 020 7397 8900
Cenkos Securities plc
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 one per cent. or more of any class of
"relevant securities" of the Company, 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
relevant transaction. This requirement will continue until the date
on which any offer becomes, 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acceptances, lapses or is otherwise withdrawn or on which the "offer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 the Company, 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 the Company by the Company or by the
potential offeror, or by any of 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 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 UK Panel on
Takeovers and Mergers' (the "Panel") 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 option in 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.
The Company's Directors accept responsibility for the information
contained in this announcement. To the best of the knowledge and
belief of the Company's Directors (who have taken all reasonable care
to ensure that such is the case), the information contained in this
announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.
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