Regulatory Announcement
REG-Marwyn Materials Ltd Statement Re: Press Comment
Released: 20/11/2008
Released: 20/11/2008
http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20081120:RnsT6088I
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RNS Number : 6088I
Marwyn Materials Limited
20 November 2008
Marwyn Materials Limited ("Marwyn Materials")
STATEMENT REGARDING
Ennstone PLC ("Ennstone")
Further to recent speculation, Marwyn Materials confirms that it has made an
approach to the board of Ennstone in order to explore a possible transaction
which may or may not be an offer.
Shareholders should be aware that there is no certainty that any transaction
will occur and a further announcement will be made as and when appropriate.
For the purposes of Rule 2.10 of the City Code on Takeovers and Mergers, Marwyn
Materials confirms that it has 136,000,000 ordinary shares of no par value in
issue at the close of business on 19 November 2008. The ISIN reference for these
securities is JE00B2419D89.
Enquiries:
For further information, please contact:
Marwyn Materials Limited
Peter Tom 020 7389 6800
Simon Vivian 020 7389 6800
Collins Stewart Europe Limited (Nominated Adviser)
Stewart Wallace, Lorraine Delannoy 020 7523 8350
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Marwyn Materials or of Ennstone all
dealings in any relevant securities of that company (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 3:30 pm (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the "offer period" otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of Marwyn Materials or of
Ennstone, 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 "relevant
securities" of Marwyn Materials or of Ennstone by Marwyn Materials or Ennstone,
or by any of their respective "associates", must be disclosed by no later than
12:00 noon (London time) on the London business day following the date of the
relevant transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to 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
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