Engage Xr Regulatory News (EXR)

29 Feb 2008 12:42

Expro International Group PLC29 February 2008 Expro International Group PLC29 February 2008 For Immediate Release EXPRO INTERNATIONAL GROUP PLC Expro International Group PLC ("Expro", the "Company") notes the recent movementin its share price and confirms that it has received a very preliminary proposalwhich may or may not lead to an offer for the Company. The preliminary nature ofthe proposal is such that there can be no certainty that any offer will beforthcoming or as to the terms of any offer. A further announcement will be made when appropriate. - Ends - For further information please contact: Expro International Group PLC 0118 959 1341Graeme Coutts, Chief ExecutiveMichael Speakman, Finance DirectorEd Cutts, Investor Relations JPMorgan Cazenove 020 7588 2828Barry WeirGuy Marks Weber Shandwick Financial 020 7067 0700Nick Oborne / Rachel Taylor / Stephanie Badjonat JPMorgan Cazenove Limited ("JPMorgan Cazenove"), which is authorised andregulated in the United Kingdom by the Financial Services Authority, is actingfor Expro and no-one else in connection with this announcement and will not beresponsible to anyone other than Expro for providing the protections afforded toits clients or for providing advice in relation to the contents of thisannouncement, or for any other transaction, arrangement or matters referred toin this announcement. Dealing disclosure requirements Under the provisions of Rule 8.3 of the Takeover Code, if any person is, orbecomes, "interested" (directly or indirectly) in 1% or more of any class of"relevant securities" of Expro, all "dealings" in any "relevant securities" ofExpro (including by means of an option in respect of, or a derivative referencedto, any such "relevant securities") must be publicly disclosed by no later than3.30 pm (London time) on the London business day following the date of therelevant transaction. This requirement will continue until the date on whichany offer becomes, or is declared, unconditional as to acceptances, lapses or isotherwise withdrawn or on which the "offer period" otherwise ends. If two ormore persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an "interest" in "relevant securities" of Expro,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 Takeover Code, all "dealings" in"relevant securities" of Expro by any potential offeror or Expro, or by any oftheir respective "associates", must be disclosed by no later than 12.00 noon(London time) on the London business day following the date of the relevanttransaction. 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. This information is provided by RNS The company news service from the London Stock Exchange