Rasmala Regulatory News (RMA)

3 Jul 2009 07:00



European Islamic Investment Bank PLC ("EIIB" or "the Company")

Announcement of Approach

The board of EIIB notes the recent movement in its share price and announces that it has received a number of preliminary approaches from third parties. These preliminary approaches may or may not lead to an offer being made for the Company.

Further announcements will be made in due course as and when necessary.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), EIIB confirms that, as at the close of business on 2 July 2009, it has 1,825,562,531 ordinary shares of 1 pence each ("Ordinary Shares") in issue and has outstanding 3,116,844 options to acquire Ordinary Shares. The International Securities Identification Number for the Ordinary Shares is GB00B126GW60.

3 July 2009

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 'relevant securities' of the Company, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of the Company, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provision of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of the Company, by the Company or by any of its 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at .

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.

If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial advisor authorised under the Financial Services and Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013.

For further information please contact:

European Islamic Investment Bank plc  Tel: +44(0)20 7847 9900 

John Weguelin, Managing Director 

Keith McLeod, Finance Director 

Evolution Securities Limited  Tel: +44(0)20 7071 4300

(Financial Advisor & Nominated Advisor)

Chris Sim / Bobbie Hilliam