Resolute Mining Regulatory News (RSG)

17 Apr 2007 16:46

Brian Kingham17 April 2007 FOR IMMEDIATE RELEASE 17 April 2007 Reliance Security Group plc ("Reliance" or the "Company") Brian Kingham notes the recent rise in the share price of Reliance SecurityGroup plc and confirms that he is at a very preliminary stage of considering thepossibility of making an offer for the issued and to be issued share capital ofReliance. A further announcement will be made in due course. 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 Reliance, all "dealings" in any "relevant securities" of Reliance(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 relevanttransaction. This requirement will continue until the date on which the offerbecomes, or is declared, unconditional as to acceptances, lapses or is otherwisewithdrawn or on which the "offer period" otherwise ends. If two or more personsact together pursuant to an agreement or understanding, whether formal orinformal, to acquire an "interest" in "relevant securities" of Reliance, theywill 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 Reliance by the potential offeror or Reliance, or by any of theirrespective "associates", must be disclosed by no later than 12.00 noon (Londontime) on the London 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 marksare defined in the Code, which can also be found on the Takeover Panel'swebsite. If you are in any doubt as to whether or not you are required todisclose a "dealing" under Rule 8, you should consult the Takeover Panel. ENQUIRIES: Brian Kingham Tel: +44 (0) 207 730 9901 This information is provided by RNS The company news service from the London Stock Exchange