Further Information re: Possible Offer (1505P)
29 Septembre 2011 - 8:00AM
UK Regulatory
TIDMHAR
RNS Number : 1505P
Harvard International PLC
28 September 2011
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
PRESS ANNOUNCEMENT
FOR IMMEDIATE RELEASE
29 September 2011
Harvard International plc
("Harvard" or "the Company")
FURTHER ANNOUNCEMENT IN RELATION TO A POSSIBLE OFFER UNDER RULE
2.4 OF THE TAKEOVER CODE
Further to the earlier announcement of the possible offer from
Chengdu Geeya Technology Co. Ltd., the announcement of which is
being made without the Offeror's consent, the Board of Harvard
announces, in accordance with Rule 2.6(a) of the Code, that Chengdu
Geeya Technology Co. Ltd. must, by not later than 5.00pm on 26
October 2011, either announce a firm intention to make an offer for
the company in accordance with Rule 2.7 of the Code or announce
that it does not intend to make an offer, in which case the
announcement will be treated as a statement to which Rule 2.8 of
the Code applies.
This offer will be a cash offer but there can be no certainty
that an offer will be made for the Company nor as to the terms on
which any offer may be made.
Shareholders of Harvard are urged to take no action at this
time. A further announcement will be made in due course.
Rule 2.10 Requirement
In accordance with Rule 2.10 of the Code, Harvard confirms that,
as of the date of the announcement, it has in issue 51,275,685
ordinary shares of 10 pence each (excluding ordinary shares held in
treasury). The International Securities Identification Number
("ISIN") number of the ordinary shares is GB0000130756 (erroneously
previously stated as GB000130756).
Enquiries:
Harvard International plc Tel: 020 8238 7650
Bridget Blow, Chairman
Mike Ashley, Chief Executive Officer
Investec Tel: 020 7597 4000
James Grace
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any paper offeror (being any offeror other than an
offeror in respect of which it has been announced that its offer
is, or is likely to be, solely in cash) must make an Opening
Position Disclosure following the commencement of the offer period
and, if later, following the announcement in which any paper
offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in,
and rights to subscribe for, any relevant securities of each of (i)
the offeree company and (ii) any paper offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business
day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any paper offeror
is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any paper offeror must make a Dealing
Disclosure if the person deals in any relevant securities of the
offeree company or of any paper offeror. A Dealing Disclosure must
contain details of the dealing concerned and of the person's
interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any
paper offeror, save to the extent that these details have
previously been disclosed under Rule 8. A Dealing Disclosure by a
person to whom Rule 8.3(b) applies must be made by no later than
3.30 pm (London time) on the business day following the date of the
relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a paper
offeror, they will be deemed to be a single person for the purpose
of Rule 8.3.
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
Investec, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively
for Harvard and for no one else in connection with the possible
offer and will not be responsible to anyone other than Harvard for
providing the protections afforded to clients of Investec nor for
providing advice in relation to the possible offer or any other
matters referred to in this announcement.
A copy of this announcement will be available on the website of
the Company at www.harvardplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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