Business
Response to Mandatory Offer a
Response to Mandatory Offer a.
About this update from Science Group Plc
[{"type":"text","content":"\n RNS Number : 8464J Sagentia Group PLC 07 April 2010 \n \n\nSAGENTIA GROUP PLC\n(\"Sagentia\" or the \"Company\")\n \nResponse to mandatory Offer by Martyn Ratcliffe and directorate change\n \nThe board of directors of Sagentia (the \"Sagentia Board\") announces that it has today posted a response document to Sagentia shareholders setting out the Sagentia Board's opinion on the offer announced by Martyn Ratcliffe for the entire issued and to be issued share capital of the Company and the reasons why the Sagentia Board recommends that Sagentia shareholders reject the Offer and take no action in respect of their shareholdings.\n \nA copy of the response document is available from the Company's website at www.sagentiagroup.com.\n \nIn addition, on 15 April 2010 if no competing bona fide offer for the Company has been announced by that time, as previously announced, Mr Martyn Ratcliffe will be appointed to the Sagentia Board as a non-executive director. On the same date the Sagentia Board also intends to appoint him as Chairman of the Company, following which the existing non-executive directors of Sagentia, Lars Kylberg, Staffan Ahlberg and Dr Christopher Masters, will step down from the Sagentia Board.\n \nEnquiries:\n\n\n\n\nSagentia Group plc \n\n\nArbuthnot Securities\n\n\n\n\nBrent Hudson\nGuy McCarthy\n\n\nAntonio Bossi \nJohn Prior\n\n\n\n\n+44 1223 875 200\n\n\n+44 20 7012 2000\n\n\n\n\n \n \nDealing disclosure requirements \n \nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the \"Code\"), if any person is, or becomes, \"interested\" (directly or indirectly) in 1% or more of any class of \"relevant securities\" of Sagentia, all \"dealings\" in any \"relevant securities\" of Sagentia (including by means of an option in respect of, or a derivative referenced to, any such \"relevant securities\") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the \"offer period\" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to a...