Response to Share Price Movement (0065M)

TIDMCOO

RNS Number : 0065M

Coolabi PLC

09 August 2011

Coolabi plc ("Coolabi" or the "Company")

Response to Share Price Movement

In response to the movement in its share price, Coolabi confirms that it has received an approach regarding a possible offer from a third party which may or may not lead to an offer being made for the Company. Discussions are at a very early stage and there can be no certainty that these discussions could lead to an offer for the Company.

A further announcement will be made when appropriate.

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Coolabi announces that, as at the close of business on 8 August 2011, its issued share capital consisted of 55,517,449 ordinary shares of 1p each.

The International Securities Identification Number for Coolabi's ordinary shares is GB00B28PL418.

9 August 2011

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 Coolabi, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 Coolabi, 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 Coolabi by Coolabi, or by the potential offerors, 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 http://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.

For further information, please contact:

 
 Coolabi plc                                  Tel: 01962 850 274 
 Stuart Lindsay, 
  Senior Independent Non-executive Director 
 
 Evolution Securities                         Tel: 020 7071 4300 
 Bobbie Hilliam / Chris Clarke

This information is provided by RNS

The company news service from the London Stock Exchange

END

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