The RNS content of this site is owned, managed and hosted by UK-Wire Ltd.
Search
Latest FTSE100 FTSE250 AIM Company Category Sector All Archives


click here to view a printable version of this article click here to view a landscape printable version of this article click here to mail this article to a friend
Stanley Leisure PLC
04 September 2006



FOR IMMEDIATE RELEASE

                                                                4 September 2006

                              Stanley Leisure plc

                                 Offer approach


Stanley Leisure plc notes the recent movement in its share price and confirms
that it has received a proposal concerning a possible offer which the Board is
currently evaluating.



A further announcement will be made in due course.

Enquiries
Hudson Sandler         020 7796 4133
Michael Sandler/Sandrine Gallien



Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of Stanley Leisure plc ('Stanley'), all '
dealings' in any 'relevant securities' of that company (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 the 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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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
acquire an 'interest' in 'relevant securities' of Stanley, they will be deemed
to be a single person for the purpose of Rule 8.3.



Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Stanley by Stanley, or by any of their respective 'associates',
must be disclosed by no later than 12.00 noon (London time) on the London
business day following the date of the relevant transaction.



A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
.



'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.










                      This information is provided by RNS
            The company news service from the London Stock Exchange