Rule 2.10 Announcement


 

TIDMRNOW 
 
RNS Number : 7274B 
Research Now plc 
30 October 2009 
 

RULE 2.10 ANNOUNCEMENT - RELEVANT SECURITIES IN ISSUE 
Further to the announcement made by Research Now Plc ("Research Now" or the 
"Company") on 26 October 2009 regarding the exercise of options and in 
accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 
"Takeover Code"), Research Now confirms that, as at 30 October 2009, it has 
18,987,306 ordinary shares of 2 pence each in issue and admitted to trading on 
AIM. The ISIN reference for these shares is GB00B0CTWT77. 
Dealing disclosure requirements 
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or 
becomes, "interested" (directly or indirectly) in 1 per cent. or more of any 
class of "relevant securities" of Research Now, all "dealings" in any "relevant 
securities" of Research Now (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 p.m. (London time) on the Business Day following 
the date of the relevant transaction. This requirement will continue until the 
Effective Date or until the date on which the Scheme lapses or is otherwise 
withdrawn or on which the "offer period" otherwise ends, (or if e-Rewards elects 
to effect the Proposals by way of a takeover offer, until the date on which such 
offer becomes or is declared unconditional as to acceptances, lapses or is 
otherwise withdrawn or on which the "offer period" otherwise ends) (or in any 
event such later date(s) as the Panel may specify). 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 Research Now, 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 Takeover Code, all "dealings" in 
"relevant securities" of Research Now, by e-Rewards or Research Now, or by any 
of their respective "associates", must be disclosed by no later than 12.00 noon 
(London time) on the 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 Takeover 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. 
+-----------------------+ 
|                       | 
+-----------------------+ 
| In                    | 
| accordance            | 
| with Rule             | 
| 19.11, a              | 
| copy of               | 
| this                  | 
| announcement          | 
| can be found          | 
| at                    | 
| www.researchnow.co.uk | 
+-----------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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