Mayflower Acq. Regulatory News (MAY)

28 Mar 2008 07:02

Mapeley Limited28 March 2008 Mapeley Limited ("Mapeley") OFFER TALKS TERMINATED Mapeley announced on 26 February 2008 that, following an approach, it was indiscussions relating to a possible offer for the company. These discussions havenow ceased. Since receiving the approach, Mapeley has announced its 2007 results whichincluded details of the successful refinancing of the company's £257 millionrevolving Delta acquisition facility. Jamie Hopkins, Chief Executive of Mapeley, commented as follows: "Our robust business model and the resilience of our income streams position uswell to continue to deliver consistent returns." Enquiries: Lazard & Co., Limited Tel: +44 (0) 20 7187 2000William RuckerPatrick Long Brunswick Tel: +44 (0) 20 7404 5959Fiona LaffanPavla Shaw Lazard & Co., Limited is acting for Mapeley and no one else in connection withthe matter referred to in this announcement and will not be responsible to anyother person for providing the protections afforded to clients of Lazard & Co.,Limited or for providing advice in relation to the matter referred to in thisannouncement. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevantsecurities" of Mapeley, all "dealings" in any "relevant securities" of thatcompany (including by means of an option in respect of, or a derivativereferenced to, any such "relevant securities") must be publicly disclosed by nolater than 3.30 pm (London time) on the London business day following the dateof the relevant transaction. This requirement will continue until the date onwhich the offer becomes, or is declared, unconditional as to acceptances, lapsesor is otherwise withdrawn or on which the "offer period" otherwise ends. If twoor more persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an "interest" in "relevant securities" ofMapeley, 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 "relevantsecurities" of Mapeley, or by any of their respective "associates", must bedisclosed by no later than 12.00 noon (London time) on the London business dayfollowing 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 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 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. This information is provided by RNS The company news service from the London Stock Exchange