Business
Rule 2.10 Announcement
Rule 2.10 Announcement.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n RNS Number : 8318P Metals Exploration PLC 23 July 2010 \n \n\nMetals Exploration plc\n \nRule 2.10 Announcement\n \n \nIn accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Metals Exploration plc (the \"Company\") confirms that it has 269,716,344 ordinary shares of 1p each in issue. The ISIN reference for the ordinary shares is GB00B0394F60.\n \nIn addition, the Company has in issue a £2,000,000 unlisted convertible loan due to be redeemed at par on 1 August 2011. Interest on the loan is payable at 9% per annum. The loan is convertible at the option of the holder at any time prior to the date of redemption into 3,846,154 ordinary shares at 1p each, representing a conversion price of 52p.\n \nA copy of this announcement will be made available on the Company's website (www.metalsexploration.com) by no later than 12 noon (London time) on 23 July 2010.\n \n \nEnquiries:\n \n\n\n\n\nMetals Exploration plc\n\n\n+ 44 (0) 20 7963 9540\n\n\n\n\nJonathan Beardsworth (Chief Executive)\n\n\n+ 44 (0) 7747 101 552\n\n\n\n\n\n\n\n\n\n\n\n\nWesthouse Securities Limited\n\n\n\n\n\n\n\nTim Feather / Matthew Johnson\n\n\n+ 44 (0) 20 7601 6100\n\n\n\n\n\n\n\n\n\n\n\n\nConduit PR Limited\n\n\n\n\n\n\n\nLeesa Peters / Edward Portman\n\n\n+ 44 (0) 20 7429 6607\n\n\n\n\n\n\n\n\n\n\n\n\n \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 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 ...