Business
Update on potential offer
Update on potential offer.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0298L Holidaybreak PLC 26 July 2011 \n \n\nThis is an announcement falling under Rule 2.4 of the City Code on Takeovers and Mergers (the \"Code\"). It does not represent a firm intention to make an offer under Rule 2.5 of the Code. Accordingly, there can be no certainty that any offer will ultimately be made.\n26 July 2011\nHolidaybreak plc (\"Holidaybreak\")\nUpdate on potential offer and recent press speculation\nFurther to the announcement on 25 July 2011 and recent press speculation, the Board of Holidaybreak confirms that it is in discussions with Cox & Kings Limited which may or may not lead to an offer for Holidaybreak at a price of 432.1 pence in cash per ordinary share. At this stage there can be no certainty that any offer for the Company will be forthcoming.\nThis announcement has been made without the consent of Cox & Kings Limited.\nA further announcement will be made as appropriate.\nEnquiries:\n\n\n\n\nHolidaybreak \nMartin Davies, Group Chief Executive\nNeil Bright, Group Finance Director\n\n\n\n+44 (0) 1606 787000\n\n\n\n\nCiti\n(Financial adviser to Holidaybreak)\nJan Skarbek\n \n\n\n+44 (0) 20 7986 4000\n\n\n\n\nPeel Hunt\n(Corporate broker to Holidaybreak)\nDan Webster \n\n\n\n+44 (0) 20 7418 8900\n\n\n\n\nBrunswick\nCatherine Hicks\n\n\n\n+44 (0) 20 7404 5959\n\n\n\n\n \nDealing disclosure requirements\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 da...