Business
Statement re: UK Coal
Statement re: UK Coal.
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n RNS Number : 7466K Hargreaves Services PLC 26 April 2010 \n \n\n\n\n\n\nFor Immediate Release\n\n\n26 April 2010\n\n\n\n\n \nHARGREAVES SERVICES PLC\nStatement in response to UK Coal plc announcement\nHargreaves Services plc (\"Hargreaves\") notes today's announcement of preliminary financial results for the year ended December 2009 by UK Coal plc (\"UK Coal\").\nDue to the other commitments of UK Coal, there have been unavoidable delays to the commencement of the due diligence process. Consequently, discussions remain at a very preliminary stage and there is no certainty that any transaction will result. Hargreaves is aware of the uncertainty that these delays cause and Hargreaves remains committed to progress discussions with minimum further delay.\nA further announcement will be made when appropriate. \nA copy of this announcement will be available at http://www.hargreavesservices.co.uk. \nFor further details: \nBuchanan Communications\nTim Anderson, Catherine Breen, Stasa Filiplic\n0207 466 5000\n \nBrewin Dolphin Investment Banking\nMatt Davis, Andrew Emmott\n0845 270 8610 \nDisclosure requirements of the Takeover Code (the \"Code\")\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. \n \nAn 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 the offeree company or of a paper offeror prior to the dead...