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Last checked at 
6 Nov 2008 12:21
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,Β INΒ WHOLE OR INΒ PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION |
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6Β NovemberΒ 2008 |
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FOR IMMEDIATE RELEASE |
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FiltronicΒ plcΒ ("Filtronic"Β orΒ the "Company")Β |
On 30 May 2008 the Carlyle Group ("Carlyle")Β announced that it was reviewing its options in respect ofΒ Filtronic, which could include an offerΒ for the Company. Carlyle can now confirmΒ that itΒ has no present intention ofΒ makingΒ an offer forΒ Filtronic.
For the purposes of Rule 2.8 of theΒ Takeover Code (theΒ "Code"), Carlyle, or any person who has acted in concert with it or any person who is subsequently acting in concert withΒ it, reserves the right to announce or participate in an offer or a possible offer for FiltronicΒ and/or take any other action which would otherwise be restricted under Rule 2.8 of theΒ Code within six months of today's date if there isΒ a material change of circumstances orΒ in the event that:
(i) the agreement or recommendation of the boardΒ of Filtronic is given to the making of such an announcementΒ or the taking of any such other action; orΒ
(ii) there is an announcement of an offer or possible offer forΒ FiltronicΒ by a third party; orΒ
(iii) Filtronic announces a "whitewash"Β proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the City Code) or a reverse takeover (as described in Note 2 on Rule 3.2 of the City Code).
Enquiries:
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CECP Investment Advisors LimitedΒ Emma ThorpeΒ |
Telephone:Β 020 7894Β 1630 |
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