DiscoverIE Regulatory News (DSCV)

13 May 2008 08:05



Acal plc

13 May 2008 

Acal plc ('Acal') 

Rule 2.10 Announcement 

Acal announces, in accordance with Rule 2.10 of The City Code on Takeovers and 

Mergers, that as at the close of business on 12 May 2008 its issued share 

capital consisted of 26,418,354 ordinary shares of 5 pence each. 

The International Securities Identification Number for Acal's ordinary shares is 

GB0000055888. 

Dealing Disclosure Requirements 

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any 

person is, or becomes, 'interested' (directly or indirectly) in 1% or more of 

any class of 'relevant securities' of the offeror or of Acal, 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 3.30 pm (London time) on the London 

business day following the date of the relevant transaction. This requirement 

will continue until the date on which the 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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 offeror or Acal, 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 offeror or of Acal by the offeror or Acal, 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 Takeover Panel's website at http:// 

www.thetakeoverpanel.org.uk/new/. 

'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. 

This information is provided by RNS 

The company news service from the London Stock Exchange 

END