Strip Tinning Regulatory News (STG)

2 May 2006 07:01

Solitaire Group PLC02 May 2006 Solitaire Group plc Offer approach The Company announces that it has received an approach which may or may not leadto an offer being made for the issued and to be issued ordinary share capital ofthe Company. A further announcement will be made in due course as appropriate. Enquiries: KBC Peel Hunt Ltd 020 7418 8900James BrittonDavid Anderson Binns & Co PR Limited 020 7786 9600Tarquin Edwards Additional Information In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, theCompany confirms that as at the close of business on 28 April 2006, its issuedshare capital consisted of 4,999,667 ordinary shares of 10 pence each. The ISIN for the Company's ordinary shares is GB0001580066. 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until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends.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. This information is provided by RNS The company news service from the London Stock Exchange