Business
Miscellaneous Rule 8 ftn 6(b)
Miscellaneous Rule 8 ftn 6(b).
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n European Motor Hldgs PLC\n11 December 2006\n\n\n\n\n11 DECEMBER 2006\n\n EUROPEAN MOTOR HOLDINGS PLC (\"EMH\")\n\nRule 8 ftn 6 (b)\n\nIn accordance with note 6(b) to Rule 8 of the Takeover Code, EMH announced on 6\nDecember 2006 that, in anticipation of its strategic review which was announced\non 18 October 2006, EMH had entered into a standstill arrangement on 27\nSeptember 2006 with one of its shareholders, UBS AG, which will expire at the\nlatest on 31 December 2006.\n\nEMH announces that on 8 December 2006, EMH and UBS AG agreed that such\nstandstill arrangement be extended to 31 January 2007. The standstill (as\namended) will automatically terminate upon the termination, release or waiver,\nsuspension or relaxation of any obligation of Trefick Limited under the\nstandstill agreement between EMH and Trefick Limited dated 26 September 2006 (as\namended on 6 December 2006) which restricts Trefick Limited from disposing of\nany interest in any security issued by EMH or entering into any derivative or\nother transaction referable to any securities in EMH, including for the\navoidance of doubt, entering into or closing out any derivative transaction in a\nmanner which has equivalent economic effect to a disposal of an interest in such\nsecurities. The standstill was not amended in any other respect.\n\nThis announcement is required by Rule 8 of the Takeover Code.\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 EMH, 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 p.m. (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the date on which the \"offer period\" ends, or is declared unconditional as\nto acceptances, lapses or is otherwise withdrawn or on which the \"offer\" period\"\notherwise ends.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 \"relevant\nsecurities\" of EMH, they will be deemed to be ...