Business
Offer Update
Offer Update.
About this update from Character Group Plc
[{"type":"text","content":"\n Character Group PLC\n16 February 2006\n\n\n16 Feb 2006\n\n The Character Group plc ('Character' or 'the Company')\n\n Rule 8\n\nFollowing the announcement made by the Company on 15 February 2006, which\nconfirmed that it had received approaches which may or may not lead to an offer\nor offers for the Company, Character is providing the following information in\naccordance with Rule 8 of the City Code on Takeovers and Mergers.\n\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 Character, all 'dealings' in\nany ' 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until the date on which the offer becomes, or is declared,\nunconditional as to acceptances, lapses or is otherwise withdrawn or on which\nthe 'offer period' otherwise ends.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 '\ninterest' in 'relevant securities' of Character, they will be deemed to be a\nsingle person for the purpose of Rule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of Character by Character, 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\n\nwww.thetakeoverpanel.org.uk \n\n\n'Interests in securities' arise, in summary, when a person has long economic\nexposure, whether conditional or absolute, to changes in the price of\nsecurities. In particular, a person will be treated as having an 'interest' by\nvirtue of the ownership or control of securities, or by virtue of any option in\nrespect of, or derivative referenced to, securities.\n\nTer...