Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Distil Plc
[{"type":"text","content":"\n Blavod Extreme Spirits PLC\n28 November 2006\n\n\nBlavod Extreme Spirits PLC ('Blavod' or the 'Company')\n\n28 November 2006\n\nStatement re. Possible Offer\n\nBlavod Extreme Spirits plc (BES) announces it has received and signed a 'Letter\nof Intent' from an unnamed (NASDAQ) OTC:BB listed company that may or may not\nlead to an offer being made for the Company. The approach, which is subject to\na number of pre-conditions, is an all share offer of shares in the (NASDAQ)\nOTC:BB listed company. At close of business on 24 November 2006, the indicative\noffer valued Blavod at approx £12.83 million or 17.97p per share. If a share\noffer is made for the company by that (NASDAQ) OTC:BB listed company it will\nhave a value of a minimum of 17.97p per share.\n\nThis announcement is made with the agreement of the potential offeror. A\nfurther announcement will be made in due course.\n\nDealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any\nperson is, or becomes, 'interested' (directly or indirectly) in 1% or more of\nany class of 'relevant securities' of Blavod, all 'dealings' in any 'relevant\nsecurities' of that company (including by means of an option in respect of, or\na derivative referenced to, any such 'relevant securities') must be publicly\ndisclosed by no later than 3.30 pm (London time) on the London business day\nfollowing the date of the relevant transaction. This requirement will continue\nuntil the date on which the offer becomes, or is declared, unconditional as to\nacceptances, lapses or is otherwise withdrawn or on which the 'offer period'\notherwise ends. If two or more persons act together pursuant to an agreement or\nunderstanding, whether formal or informal, to acquire an 'interest' in\n'relevant securities' of Blavod, they will be deemed to be a single person for\nthe purpose of Rule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of Blavod 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\nin issue, can be found on the Takeover...