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23 Sep 2008 12:05
For immediate release
23 September 2008
Bramlin Limited ("Bramlin" or the "Company")
Response to press speculation
Following market speculation, Bramlin confirms that it is in preliminary discussions with the Board of Victoria Oil and Gas plc ("VOG") which may or may not lead to a recommended all-share offer being made by VOG for the entire issued ordinary share capital of Bramlin.
There can be no certainty that a formal offer will be made or as to the terms on which such an offer will be made.
A further announcement will be released as and when appropriate.
Enquiries:
Bramlin Limited
Jim Ford/Alan Thomas
Tel: +1 713 523 6336/ +44 (0)20 7960 9629
Simon Raggett/Angela Peace
Strand Partners Limited
Tel: (020) 7409 3494
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Bramlin confirms that, as at the close of business on 22 September 2008, Bramlin's issued share capital consisted of 135,368,005 ordinary shares of 1p each. The ISIN code for Bramlin's ordinary shares is GG00B1FT7S56.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, any person who, alone or acting together with any other person(s) pursuant to an agreement or understanding (whether formal or informal) to acquire or control relevant securities of Bramlin, owns or controls, or becomes the owner or controller of, directly or indirectly, one per cent. or more of any class of securities of Bramlin is required to disclose, by not later than 12.00 noon (London time) on the London business day following the date of the relevant transaction, dealings in such securities (or in any option in respect of, or derivative referenced to, any such securities) during the period to the date on which the Offer becomes or is declared unconditional as to acceptances or lapses or is otherwise withdrawn.
Under the provisions of Rule 8.1 of the City Code, all dealings in relevant securities of Bramlin by VOG or Bramlin, or by any of their respective "associates" (within the meaning of the City Code), must also be disclosed.
The definition of "interest in securities" in Rule 8 in certain circumstances will include contracts for differences (and other cash settled derivatives) and will apply to any person who is interested in one per cent. or more of any class of relevant securities of Bramlin. The timing for public disclosure of such interests will be extended to 3.30 p.m. (London time) on the London business day following the date of the relevant transaction.
If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial adviser 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.
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