Michelmersh Brick Holdings Regulatory News (MBH)

17 May 2007 10:30

Baggeridge Brick PLC17 May 2007 Thursday, 17 May 2007 Baggeridge Brick PLC ("Baggeridge") Response to statement from Michelmersh Brick Holdings PLC ("Michelmersh") The Board of Baggeridge notes the statement released this morning by Michelmershthat it is continuing to consider its position, including the possibility ofmaking an offer for Baggeridge at a price of not less than 225p in cash perBaggeridge Share. The Board of Baggeridge will appraise on behalf ofshareholders any proposal put forward by Michelmersh, in particular in terms ofits value and deliverability. Press enquiries Baggeridge Brick PLC 01902 880555Alan BaxterMartyn Haines Arbuthnot Securities Limited 0207 012 2000James Steel Bankside Consultants Limited 0207 367 8851Charles Ponsonby Arbuthnot is acting for Baggeridge Brick PLC and no-one else in connection withthe Offer from Wienerberger Finance Service B.V. and will not be responsible toanyone other than Baggeridge Brick PLC for providing the protections afforded toclients of Arbuthnot nor for providing advice in relation to the Offer or anymatter referred to in 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 per cent. or more of anyclass of "relevant securities" of Baggeridge, all "dealings" in any "relevantsecurities" of Baggeridge (including by means of an option in respect of, or aderivative referenced to, any such "relevant securities") must be publiclydisclosed by no later than 3.30 p.m. (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continueuntil the date on which the Scheme becomes effective. If two or more persons acttogether pursuant to an agreement or understanding, whether formal or informal,to acquire an "interest" in "relevant securities" of Baggeridge, they will bedeemed to be a single person for the purpose of Rule 8.3. 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 Takeover Code, which can also befound on the Panel's website. If you are in any doubt as to the application ofRule 8 to you, please contact an independent financial adviser authorised underthe Financial Services and Markets Act 2000, consult the Panel's website atwww.thetakeoverpanel.org.uk or contact the Panel on telephone number +44 (0) 207382 9026; fax +44 (0) 20 7638 1554. This information is provided by RNS The company news service from the London Stock Exchange