Business
Rule 2.10 Announcement
Rule 2.10 Announcement.
About this update from Stv Group Plc
[{"type":"text","content":"\n SMG PLC\n31 January 2007\n\n\n 31 January 2007\n\n\n For immediate release\n\n SMG plc ('SMG')\n\n Rule 2.10 Announcement\n\n\nSMG announces, in accordance with Rule 2.10 of the Takeover Code, that as at the\ntime and date of this announcement it has the following relevant securities in\nissue:\n\n315,988,607 ordinary shares of 2.5p each ('Ordinary Shares'). The ISIN reference\nnumber for these securities is GB0004325402.\n\n6.5% convertible unsecured loan stock amounting to £22,800,826, which are\nconvertible into 11,464,437 Ordinary Shares. The ISIN reference number for these\nsecurities is GB0004325626.\n\n\n'Dealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any\nperson is, or becomes, 'interested' (directly or indirectly) in 1% or more of\nany class of 'relevant securities' of UTV or of SMG, all 'dealings' in any\n'relevant securities' of that company (including by means of an option in\nrespect of, or a derivative referenced to, any such 'relevant securities') must\nbe publicly disclosed by no later than 3.30 pm (London time) on the London\nbusiness day following the date of the relevant transaction. This requirement\nwill continue until the date on which the offer becomes, or is declared,\nunconditional as to acceptances, lapses or is otherwise withdrawn or on which\nthe 'offer period' otherwise ends. If two or more persons act together pursuant\nto an agreement or understanding, whether formal or informal, to acquire an\n'interest' in 'relevant securities' of UTV or of SMG, they will be deemed to be\na single person for the purpose of Rule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of UTV or of SMG by UTV or SMG, or by any of their respective\n'associates', must be disclosed by no later than 12.00 noon (London time) on the\nLondon business day following the date of the relevant transaction.\n\nA disclosure table, giving details of the companies in whose 'relevant\nsecurities' 'dealings' should be disclosed, and the number of such securities in\nissue, can be found on the Takeover Panel's website at\nwww.thetakeoverpanel.org.uk.\n\n'Interests in securities' arise, in summary, when a person has long economic\nexposure, whether conditional or absolute, to changes in the price of\nsecurities. In particular, a person...