Business
Statement on approach
Statement on approach.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n Regal Petroleum PLC\n04 July 2006\n\n\nFor Immediate Release 4 July 2006\n\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR\nFROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION\nWHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT\nJURISDICTION\n\n\n REGAL PETROLEUM PLC\n\n (THE 'COMPANY')\n\n STATEMENT ON APPROACH\n\n\nPursuant to Rule 2.2 of the City Code on Takeovers and Mergers, the Board\nannounces that it is currently in very early stage discussions which may or may\nnot lead to an offer being made for the Company.\n\nA further announcement or announcements will be made in due course.\n\n\nFor further information, please contact:\n\nRegal Petroleum Plc Tel: 020 7408 9500\nPaul Morgan, Chairman & CEO\n\nBuchanan Communications Tel: 020 7466 5000\nBobby Morse\n\n\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 the Company, all 'dealings' in any\n'relevant securities' of the Company (including by means of an option in respect\nof, or a derivative referenced to, any such 'relevant securities') must be\npublicly disclosed by no later than 3.30 pm (London time) on the London business\nday following the date of the relevant transaction. This requirement will\ncontinue until the date on which the offer becomes, or is declared,\nunconditional as to acceptances, lapses or is otherwise withdrawn or on which\nthe 'offer period' otherwise ends.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 the Company, 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 the Company by the offeror or the Company, or by any of their\nrespective 'associates', must be disclosed by no later than 12.00 noon (London\ntime) on the London business day following 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 fo...