Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n RNS Number : 4806W Arc International PLC 29 July 2009 \n \nNot for release, publication or distribution (in whole or in part) in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.\n\n\nFOR IMMEDIATE RELEASE\n\n29 July 2009\n\nARC International plc\nStatement re Share Price Movement\n\nThe board of directors of ARC International plc (\"ARC\" or the \"Company\") notes today's movement in the Company's share price and confirms that it is in discussions with a third party which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company. \n\nThe discussions are at a preliminary stage and there can be no certainty that an offer will be made for ARC or as to the terms on which any offer would be made.\n\nA further announcement will be made if and when appropriate.\n\nIn accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the \"Code\"), the Company confirms that it has 154,433,499 ordinary shares of 0.1 pence each in issue and admitted to trading on the London Stock Exchange plc's market for listed securities under the UK ISIN code GB0009645481. \n\nThis announcement will be made available on ARC's website shortly at: www.arc.com\n\nEnquiries: \n\n\n\n\n\nARC International plc\nRichard Barfield - Chairman \n\n\n\n\nTel: +44 (0)7802 611428\n\n\n\n\n\nJefferies International Limited \n(Financial Adviser and Corporate Broker to ARC)\nSarah McNicholas (Investment Banking)\nChris Snoxall (Corporate Broking)\n\n\n\n\n\nTel: +44 (0)20 7029 8000\n\n\n\n\nFinancial Dynamics\n(PR Advisers to ARC)\nJuliet Clarke\nMatt Dixon \nErwan Gouraud\n\n\n\n\n\nTel: +44 (0)20 7831 3113\n\n\n\n\n\nJefferies International Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for ARC and no one else in connection with the possible offer and accordingly will not be responsible to anyone other than ARC for providing the protections afforded to clients of Jefferies International Limited...