.
For best results when printing this announcement, please click on the link below:
http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20100622:nRSV0582Oa
RNS Number : 0582O
Cape PLC
22 June 2010
22 June 2010
For immediate release
Cape plc
("Cape" or "the Company")
On 17 June, Cape announced that it had received a very preliminary approach from a third party that may or may not lead
to
an offer for the Company.
Cape announces that, following subsequent discussions with that third party, all talks have now been terminated by the
Company. As required by the Takeover Panel, the third party has confirmed to Cape that it is no longer actively
considering making an offer for the Company and, accordingly, Cape is no longer in an offer period for the purposes of
the
Takeover Code.
- Ends -
For further information please contact:
Cape plc
Martin May, Chief Executive Officer
Richard Bingham, Chief Financial Officer
Tel. +44 (0)20 3178 5498
Numis Securities Limited
Nominated Adviser: John Harrison, Managing Director Corporate Finance
Corporate Broker: James Serjeant, Director Corporate Broking
Tel. +44 (0)20 7260 1000
Merrill Lynch International
Andrew Tusa, Managing Director Corporate Broking Europe
Tel. +44 (0)20 7628 1000
M: Communications
Patrick d'Ancona or Ben Simons
Tel. +44 (0)20 7920 2340
Disclosure requirements of the Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an
offeree
company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that
its
offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening
Position
Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any
relevant
securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person
to
whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day
following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure
must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant
securities
of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant
securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of
each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been
disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30
pm
(London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or
control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must
also
be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2
and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and
Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period
commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an
Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44
(0)20
7638 0129.
In accordance with Rule 19.11 of the Code, a copy of this announcement will be published on the Company's website at
www.capeplc.com.
About Cape:
Cape plc (www.capeplc.com), which is listed on AIM (CIU), provides a range of non-mechanical industrial services
including
access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both
industrial
plant operators and major international engineering and construction companies.
As a single source provider Cape is able to provide a range of specialist multi-disciplinary services specifically
tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for our
customers non-mechanical in-plant maintenance and capital needs.
In the year ended 31 December 2009, Cape reported revenues of £655.1 million. With scale and leading market positions
across its international footprint Cape employs over 17,000 people in 28 countries and safely delivered over 41 million
man
hours in 2009.
This information is provided by RNS
The company news service from the London Stock Exchange
|