Eckoh Technologies Regulatory News (ECK)

21 Dec 2007 10:06

Eckoh PLC21 December 2007 21 December 2007 Eckoh Plc ('Eckoh or the 'Group') Statement re: Possible Offer The Board of Eckoh has noted the recent press speculation and confirms that ithas received preliminary approaches from more than one party regarding variousproposed corporate transactions. Certain of these approaches may or may not leadto an offer being made for the entire issued share capital of Eckoh. Discussionswith one of the parties are ongoing but are at an early stage and that there isno certainty that they will lead to an offer being made. Further announcements will be made in due course as and when necessary.In accordance with Rule 2.10 of the City Code Eckoh confirms that it has 199,759,576 ordinary shares of 0.25p each in issue and admitted to trading on the AIM market of the London Stock Exchange under the ISIN code GB0033359141. 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) in1% 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 inrespect of, or a derivative referenced to, any such "relevant securities") mustbe publicly disclosed by no later than 3.30 pm (London time) on the Londonbusiness day following the date of the relevant transaction. This requirementwill continue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an"interest" in "relevant securities" of the Company, they will be deemed to be asingle person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of the offeree by the offeror, or by any of their respective"associates", must be disclosed by no later than 12.00 noon (London time) on theLondon business day following the date 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 atwww.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 thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel. Enquiries Eckoh plcNik Philpot, Chief Executive OfficerAdam Moloney, Group Finance DirectorJim Hennigan, Executive Directorwww.eckoh.com Tel: 01442 458 300 Seymour Pierce LimitedJonathan Wright Tel: 020 7107 8000 Corfin CommunicationsHarry Chathli, Neil Thapar Tel: 020 7977 0020 This information is provided by RNS The company news service from the London Stock Exchange