Stratmin Global Resources Regulatory News (STGR)

22 Aug 2007 07:01

Interactive Prospect TargetingHdgs22 August 2007 Press Release 22 August 2007 Interactive Prospect Targeting Holdings Plc ("IPT" or "the Group") STATEMENT RE POSSIBLE OFFER The Board of IPT confirms that it is in preliminary discussions with certainparties which may or may not lead to an offer being made for the Company. Afurther announcement will be made in due course. The Board is being advised by Canaccord Adams Limited and Petsky Prunier LLC. In accordance with Rule 2.10 of the City Code of Takeovers and Mergers, as atthe close of business on 21 August 2007 it had 44,835,205 ordinary shares of 0.4pence each in issue. The ISIN reference number for these securities isGB00B01B0B28. - Ends - For further information:IPT Holdings plcLionel Thain, Chief Executive Tel: +44 (0) 20 7932 4101 Canaccord AdamsRory O' Sullivan, Corporate Finance Tel: +44 (0) 20 7050 6500Mark Williams, Corporate Financemark.williams@canaccordadams.com www.canaccordadams.com Petsky Prunier LLC:Michael Petsky, Partner Tel: +1 (212) 842-6001Matthew Kratter, Vice President Tel: +1 (212) 842-6024 Media enquiries:AbchurchCharlie Jack Tel: +44 (0) 20 7398 7700charlie.jack@abchurch-group.com www.abchurch-group.com Canaccord Adams Limited, which is authorised and regulated by the FinancialServices Authority, is acting exclusively for IPT and for no-one else inconnection with the matters referred to in this announcement and will not beresponsible to anyone other than IPT for providing the protections afforded tocustomers of Canaccord Adams Limited nor for giving advice in relation to thematters referred to in this announcement. Petsky Prunier LLC, a New York Limited Liability Corporation, is actingexclusively for IPT and for no-one else in connection with the matters referredto in this announcement and will not be responsible to anyone other than IPT forproviding the protections afforded to customers of Petsky Prunier LLC nor forgiving advice in relation to the matters referred to in this announcement. 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 IPT, all 'dealings' in any'relevant securities' of IPT (including by means of an option in respect of, ora derivative referenced to, any such 'relevant securities') must be publiclydisclosed by no later than 3.30 pm (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continueuntil the date on which the offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the 'offer period'otherwise ends. If two or more persons act together pursuant to an agreement orunderstanding, whether formal or informal, to acquire an ' interest' in'relevant securities' of IPT, they will be deemed to be a single person for thepurpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevantsecurities' of IPT by IPT or by any of its 'associates', must be disclosed by nolater than 12.00 noon (London time) on the London business day following thedate 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