Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Billington Holdings Plc
[{"type":"text","content":"\n AMCO Corporation PLC\n11 August 2006\n\n\nAMCO Corporation PLC\n\nISIN: GB0000332667\n\n11 August 2006\n\n\nStatement re Possible Offer\n\nThe Board of AMCO has received a preliminary approach from management which may\nor may not lead to an offer being made for the Company. The approach, which is\nsubject to a number of pre-conditions including funding for the proposal, is at\na price of 275 pence per share, which is below current market price and values\nthe share capital at approximately £35.6 million. The Independent Directors of\nAMCO, Stuart Gordon and Michael Speakman, have given management permission to\npursue the possible offer.\n\nThis announcement is made with the agreement of the potential offeror. A further\nannouncement will be made in due course.\n\nDealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the\n'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in\n1% or more of any class of 'relevant securities' of AMCO, all 'dealings' in any\n'relevant securities' of that company (including by means of an option in\nrespect of, or a derivative referenced to, any such 'relevant securities') must\nbe publicly disclosed by no later than 3.30 pm (London time) on the London\nbusiness day following the date of the relevant transaction. This requirement\nwill continue until the date on which the offer becomes, or is declared,\nunconditional as to acceptances, lapses or is otherwise withdrawn or on which\nthe 'offer period' otherwise ends. If two or more persons act together pursuant\nto an agreement or understanding, whether formal or informal, to acquire an\n'interest' in 'relevant securities' of AMCO, they will be deemed to be a single\nperson for the purpose of Rule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of AMCO by the Company, or by any of its 'associates', must be\ndisclosed by no later than 12.00 noon (London time) on the London business day\nfollowing the date of the relevant transaction.\n\nA disclosure table, giving details of the companies in whose 'relevant\nsecurities' 'dealings' should be disclosed, and the number of such securities in\nissue, can be found on the Takeover Panel's website at\nwww.thetakeoverpanel.org.uk .\n\n'Interests in securities' arise, in summary, ...