Business
Further re possible offer
Further re possible offer.
About this update from Truetide Plc
[{"type":"text","content":"\n Braveheart Investment Group plc\n10 April 2008\n\n\nNot for release, publication or distribution in whole or in part, in or into the\nUnited States, Canada, Australia, Japan or the Republic of Ireland\n\n Braveheart Investment Group plc ('Braveheart' or the 'Company')\n Possible Offer\n\nFurther to the announcement released by Braveheart on 9th April 2008, the\nCompany wishes to confirm the following revised dealing disclosure requirements\nand Rule 2.10 information on Braveheart.\n\nDealing Disclosure Requirements\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the\n'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in\n1 per cent. or more of any class of 'relevant securities' of ANGLE or\nBraveheart, all 'dealings' in any 'relevant securities' of that company\n(including by means of an option in respect of, or a derivative referenced to,\nany such 'relevant securities') must be publicly disclosed by no later than 3.30\npm (London time) on the London business day following the date of the relevant\ntransaction. This requirement will continue until the date on which the offer\nbecomes, or is declared, unconditional as to acceptances, lapses or is otherwise\nwithdrawn or on which the 'offer period' otherwise ends. If two or more persons\nact together pursuant to an agreement or understanding, whether formal or\ninformal, to acquire an 'interest' in 'relevant securities' of ANGLE or\nBraveheart, they will be deemed to be a single person for the purpose of Rule\n8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of ANGLE or Braveheart, by ANGLE or Braveheart or by any of their\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. A disclosure\ntable, giving details of the companies in whose 'relevant securities' 'dealings'\nshould be disclosed, and the number of such securities in issue, can be found on\nthe Takeover Panel's website at www.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 will be treated as having an 'interest' by\nvirtue of the ownership or control of securit...