Business
Announcement re: preliminary approaches
Announcement re: preliminary approaches.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\nSerabi Mining plc\n\n(\"Serabi\" or the \"Company\")\nAnnouncement re: preliminary approaches\n\n\nThe board of Serabi notes the recent price movement in the Company's\nshares and announces that it is in preliminary discussions with a\nnumber of third parties which may or may not result in an offer being\nmade for the entire share capital of the Company or some other\ntransaction relating to the Company's assets taking place.\nShareholders of Serabi should be aware that there is no certainty\nthat an offer or other transaction will be forthcoming. A further\nannouncement will be made in due course.\n\nEnquiries:\n\nSerabi Mining plc\nClive Line +44 (0) 20\n7246 6830\n\nNumis Securities\nJohn Harrison (Nominated Adviser) +44 (0) 20 7260 1000\nJames Black (Corporate Broker)\n\nDealing disclosure requirements\n\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and\nMergers (the 'Code'), if any person is, or becomes, 'interested'\n(directly or indirectly) in one per cent. or more of any class of\n'relevant securities' of Serabi, all 'dealings' in any 'relevant\nsecurities' of that company (including by means of an option in\nrespect of, or a derivative referenced to, any such 'relevant\nsecurities') must be publicly disclosed by no later than 3.30 p.m.\n(London time) on the London business day following the date of the\nrelevant transaction. This requirement will continue until the date\non which any offer becomes, or is declared, unconditional as to\nacceptances, lapses or is otherwise withdrawn or on which the 'offer\nperiod' otherwise ends. If two or more persons act together pursuant\nto an agreement or understanding, whether formal or informal, to\nacquire an 'interest' in 'relevant securities' of Serabi, they will\nbe deemed to be a single person for the purpose of Rule 8.3. Under\nthe provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of Serabi by Serabi or by the potential offeror, or by\nany of their respective 'associates', must be disclosed by no later\nthan 12.00 noon (London time) on the London business day following\nthe date of the relevant transaction.\n\nA disclosure table, giving details of the companies in whose\n'relevant securities' 'dealings' should be disclosed, and the number\nof such securities in issue, can be found on the UK Panel on\nTakeovers and Mergers...