Possible Offer
26 Septembre 2007 - 9:02AM
UK Regulatory
RNS Number:4907E
Inova Holding PLC
26 September 2007
Inova Holding plc
('Inova' or 'the Company')
POTENTIAL OFFER / WORKING CAPITAL POSITION / FURTHER DELAY OF RESULTS
Inova Holding plc ('Inova' or 'the Company') announces that it is in discussions
with a third party which may or may not lead to an offer being made for the
entire share capital of the Company.
In the absence of an offer the Company would require additional funds to satisfy
its current working capital requirements.
The Board of Inova continues to work with its auditors to finalise the financial
statements for the year ended 31 December 2006 but is not yet in a position to
release them.
In the meantime, the temporary suspension of trading on AIM in Inova shares will
continue.
A further trading update along with any further developments will be made as
soon as possible.
Inova Holding confirms that it has 42,655,207 ordinary shares of 4p each in
issue with ISIN GB00B120GQ23 in accordance with Rule 2.10 of the City Code.
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 Inova Holding, 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 Inova Holding, 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 Inova Holding by Inova Holding, or by any of its 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.
ENDS
Contacts
Inova Holding plc
Rod Hoare, Chairman Tel: +44 (771) 4223452
Josef Kreidl, Chief Executive Tel: +49 (0) 8341 916265
Bankside Consultants Tel: +44 (0) 20 7367 8888
Simon Bloomfield or Steve Liebmann
Daniel Stewart and Company plc Tel: +44 (0) 20 7776 6550
Alastair Cade
This information is provided by RNS
The company news service from the London Stock Exchange
END
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