NTA.L Regulatory News (NTA)

26 Feb 2007 14:19

Northacre PLC26 February 2007 Northacre plc (the "Company" or "Group") Statement re: Possible Offer The Company notes the recent movement in its share price. In addition, theCompany notes the recent press articles regarding one of its majordevelopments. The Company also confirms that it has received a preliminaryapproach, which may or may not lead to an offer being made for all or part ofthe Group. A further announcement will be made in due course as appropriate. Enquiries: Northacre PLC Tel: (020) 7349 8000John Hunter - Chief ExecutiveManish Santilale - FinanceDirector KBC Peel Hunt Ltd +44 (0)20 7418 8900Capel IrwinNicholas Marren Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the"Code"), if any person is, or becomes, "interested" (directly or indirectly) in1% or more of any class of "relevant securities" of the Company, all "dealings"in any "relevant securities" of that company (including by means of an option inrespect of, or a derivative referenced to, any such "relevant securities") mustbe publicly disclosed by no later than 3.30 pm (London time) on the Londonbusiness day following the date of the relevant transaction. This requirementwill continue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an"interest" in "relevant securities" of the Company, they will be deemed to be asingle person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of the Company by the Company, or by any of its respective"associates", must be disclosed by no later than 12.00 noon (London time) on theLondon 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 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. 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. Disclosure in accordance with Rule 2.10 of the City Code: In accordance with Rule 2.10 of the City Code, the Company confirms that it hasin issue and admitted to trading on the market operated by London Stock Exchangeplc for listed securities, 22,713,644 ordinary shares of 2.5 pence each underthe ISIN code: GB0006877939. This information is provided by RNS The company news service from the London Stock Exchange