Business
Rule 8.3- Fiberweb PLC
Rule 8.3- Fiberweb PLC.
About this update from Coats Group Plc
[{"type":"text","content":"\n Guinness Peat Group PLC\n21 April 2008\n\n\n\n\nRe Fiberweb plc\n\n\nThe following is the text of a letter which is being sent today by Guinness Peat\nGroup plc (\"GPG\") to Fiberweb plc (\"Fiberweb\") in connection with GPG's purchase\nof shares in Fiberweb.\n\n\n\"Disclosure of Interest in Shares pursuant to Rule 8.3 of the Takeover Code\n(\"the Code\")\n\nGuinness Peat Group plc and its subsidiary companies (\"the Group\") hereby notify\nFiberweb plc (\"Fiberweb\") that, following the market acquisitions of 750,000\nOrdinary shares of Fiberweb (\"Shares\") on 18 April 2008 at £0.55 per Share, the\nGroup's direct interest now amounts to 2,563,300 Shares representing 2.09% of\nthe issued share capital of Fiberweb.\n\nAt the close of business on the date of the transaction disclosed above, the\nGroup also had an economic interest by way of Contracts for Difference in\nrespect of 1,340,000 Shares representing 1.09% of the issued share capital of\nFiberweb.\n\nTherefore, following the above transaction, in accordance with its disclosure\nobligations under Rule 8.3 of the City Code the Group has an economic interest\nin an aggregate 3.19% of the issued share capital of Fiberweb.\n\nThe Group has an interest by virtue of being a Rule 8.3 shareholder of Fiberweb.\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\n\nRichard Russell \nCompany Secretary \nGuinness Peat Group plc \nTel: (0) 20 7484 3370\n\n\n21 April 2008\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1655,"tagName":"div"}]