Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 8641V Focus Solutions Group PLC 09 November 2010 \n \n\n \n \n\n\n\n\nPress Release\n\n\n9 November 2010\n\n\n\n\n \n \nNOT FOR RELEASE IN OR INTO ANY JURISDICTION WHERE TO DO SO MIGHT VIOLATE THE\nLAWS OF SUCH JURISDICTION\n \n \nFocus Solutions Group plc \n('Focus Solutions' or the 'Company')\n \nStatement regarding possible offer\n \nThe Board of Focus Solutions notes the recent movement in its share price and confirms that it is in preliminary discussions which may or may not lead to an offer being made for the entire issued share capital of the Company. Discussions are at an early stage and there can be no certainty that an offer will be made or as to the terms on which an offer might be made.\n \nThe Board, which is being jointly advised by Cavendish Corporate Finance LLP and Capital Strategy Corporate Finance Limited, will make a further announcement when appropriate.\n \nIn accordance with Rule 2.10 of The City Code on Takeovers and Mergers (the 'Code'), the company confirms that it has 29,753,010 ordinary shares of pence each in issue and admitted to trading on the London Stock Exchange under ISIN code GB0001505303.\n \nDealing Disclosure Requirements \n \nUnder Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of ...