HYDG.L Regulatory News (HYDG)

26 Feb 2008 07:01

Hydrogen Group PLC26 February 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO ORFROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THERELEVANT LAWS OF SUCH JURISDICTION26 February 2008 Recommended proposals for the acquisition of Imprint Plc ("Imprint") by Hydrogen Group Plc ("Hydrogen") Extension of Partial Cash Alternative On 13 February 2008 Hydrogen announced its increased recommended proposals forthe acquisition of Imprint, comprising the Basic Offer of 0.461 New HydrogenShares for each Imprint Share and a Partial Cash Alternative enabling ImprintShareholders to elect for 110 pence in cash for each Imprint Share, subject toan aggregate maximum amount of cash payable under the Partial Cash Alternativeof £37.3 million. Hydrogen today announces that the Partial Cash Alternative has been extendeduntil 1.00pm on 18 March 2008. The latest time and date for lodging of the blueForms of Proxy in relation to the adjourned Court Meeting and the white Forms ofProxy in relation to the adjourned Imprint EGM remains 11.00am on 27 February2008. Enquiries: Hydrogen Group plc Telephone: 020 7240 2500Ian TempleTim Smeaton Dresdner Kleinwort (Financial adviser to Telephone: 020 7623 8000Hydrogen)Chris TrenemanRob Dawson Oriel Securities (NOMAD and broker to Telephone: 020 7710 7600Hydrogen)David ArchLuke Webster Hudson Sandler (Financial PR adviser to Telephone: 020 7796 4133Hydrogen)Andrew HayesKate Hough This announcement does not constitute an offer to sell, or an invitation topurchase, any securities or the solicitation of any vote or approval in anyjurisdiction. Dresdner Kleinwort and Oriel Securities, who are authorised and regulated in theUnited Kingdom by the Financial Services Authority, are acting exclusively forHydrogen and for no one else in connection with the matters referred to in thisannouncement and will not be responsible to anyone other than Hydrogen forproviding the protections afforded to each of their customers in connection withthe matters referred to in this announcement. Dealing disclosure requirements Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,"interested" (directly or indirectly) in 1 per cent. or more of any class of"relevant securities" of Imprint or Hydrogen, all "dealings" in any "relevantsecurities" of Imprint or Hydrogen (including by means of an option in respectof, or a derivative referenced to, any such "relevant securities") must bepublicly disclosed by no later than 3.30 p.m. (London time) on the Business Dayfollowing the date of the relevant transaction. This requirement will continueuntil the Effective Date (or such later date(s) as the Panel may specify). Iftwo or more persons act together pursuant to an agreement or understanding,whether formal or informal, to acquire an "interest" in "relevant securities" ofImprint or Hydrogen, they will be deemed to be a single person for the purposesof Rule 8.3 of the City Code. Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevantsecurities" of Imprint or Hydrogen by Imprint or Hydrogen, or by any of theirrespective "associates", must be disclosed by no later than 12.00 noon (Londontime) on the 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 Panel's website at www.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 City Code, which can also be foundon the Panel's website. If you are in any doubt as to the application of Rule 8of the Code to you, please contact an independent financial adviser authorisedunder the Financial Services and Markets Act 2000, consult the Panel's websiteat www.thetakeoverpanel.org.ukor contact the Panel on telephone number +44 (0)20 7382 9026; fax +44 (0) 20 7236 7005. This information is provided by RNS The company news service from the London Stock Exchange