Business
Rule 8.1- Newbury Racecourses
Rule 8.1- Newbury Racecourses.
About this update from Coats Group Plc
[{"type":"text","content":"\n Guinness Peat Group PLC\n01 February 2008\n\n\n\nNewbury Racecourse plc\n\nThe following is the text of a letter which is being sent today by Guinness Peat \nGroup plc (\"GPG\") to Newbury Racecourse plc (\"Newbury\") in connection with GPG's \npurchase of shares in Newbury.\n\n\"Disclosure of Interest in Shares pursuant to Rule 8.1 of the Takeover Code \n(\"the Code\") \n\nGuinness Peat Group plc and its subsidiary companies (\"the Group\") hereby notify \nNewbury Racecourse plc (\"Newbury\") that, following the on-market acquisitions on\n31 January 2008 of 5,000 Ordinary shares of Newbury (\"Shares\") at £11.50 per \nShare, and 5,500 Shares at £11.50 the Group's direct interest now amounts to \n797,972 Shares representing 26.21% of the issued share capital of Newbury.\n\nThe Group has no interest in options or derivatives in the shares of Newbury. \nTherefore, following the above transactions, in accordance with its disclosure \nobligations under Rule 8.1 of the Code, the Group has a long interest in \nrelevant securities (as defined in the Code) in aggregate totalling 26.21% of \nthe issued shares of Newbury.\n\nThe Group has an interest by virtue of being a Rule 8.1 shareholder of Newbury. \nNo member of the Group is party to any agreement or arrangement relating to the \nexercise of any rights conferred by holding the Shares the subject of this \nnotification.\"\n\n\nRichard Russell \nCompany Secretary \nGuinness Peat Group plc \nTel: (0)20 7484 3370\n1 February 2008\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1595,"tagName":"div"}]