Offer Update

12 Nov 2007 10:57

Huveaux PLC12 November 2007 Not for release, publication or distribution, in whole or in part, in or intoany jurisdiction where to do so would constitute a violation of the relevantlaws of that jurisdiction For immediate release 12 November 2007 Huveaux plc ("Huveaux" or the "Company") Offer update Following its announcement on 22 October 2007 that it had received preliminaryapproaches from a number of private equity houses, Huveaux confirms that it isin detailed discussions with August Equity LLP as regards a possible offer forthe Company. Discussions are continuing and due diligence has commenced. However, thereremains no certainty that an offer will be made, nor as to the level at whichany offer might be made, should it be forthcoming. A further announcement will be made in due course, as appropriate. Contacts: Dresdner Kleinwort 020 7623 8000Charlie BattenJoe Thompson 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 Huveaux PLC, all "dealings" in any "relevant securities" of thatcompany (including by means of an option in respect of, or a derivativereferenced to, any such "relevant securities") must be publicly disclosed by nolater than 3.30 pm (London time) on the London business day following the dateof the relevant transaction. This requirement will continue until the date onwhich the offer becomes, or is declared, unconditional as to acceptances, lapsesor is otherwise withdrawn or on which the "offer period" otherwise ends. If twoor more persons act together pursuant to an agreement or understanding, whetherformal or informal, to acquire an "interest" in "relevant securities" of HuveauxPLC, they will 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 Huveaux PLC by Huveaux PLC, or by any of its "associates", mustbe disclosed by no later than 12.00 noon (London time) on the London businessday 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. Dresdner Kleinwort Limited: Dresdner Kleinwort Limited, which is authorised and regulated by the FinancialServices Authority, is acting for Huveaux PLC and for no-one else in connectionwith the contents of this announcement and will not be responsible to anyoneother than Huveaux PLC for providing the protections afforded to customers ofDresdner Kleinwort Limited, or for affording advice in relation to the contentsof this document or any matters referred to herein. Dresdner Kleinwort Limitedhas given and not withdrawn its written consent to the issue of thisannouncement with the inclusion of the reference to its name in the form andcontext in which it is included. END This information is provided by RNS The company news service from the London Stock Exchange