De-listing from AIM
15 Juin 2010 - 9:00AM
UK Regulatory
TIDMTPH
RNS Number : 5949N
Telephonetics PLC
15 June 2010
Telephonetics plc ("Telephonetics")
15 June 2010
De-listing from AIM
Further to the announcement made on 1 June 2010, cancellation of admission to
trading and dealing of ordinary shares of 1p each in Telephonetics ("Ordinary
Shares") on AIM will occur on 30 July 2010, subject to successful completion of
the scheme of arrangement, which in turn is dependant, inter alia, on the
approval by a majority in number representing not less than 75 per cent of the
holders of Ordinary Shares at the court meeting to be held on 8 July 2010.
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 Telephonetics or Netcall PLC ("Netcall"),
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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 Telephonetics or Netcall, 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 Telephonetics or of Netcall by Netcall or Telephonetics, 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.
Contacts:
+----------------------------------+--------------------------+
| Telephonetics plc | +44 (0) 1442 242 242 |
+----------------------------------+--------------------------+
| James Ormondroyd, Finance | |
| Director | |
+----------------------------------+--------------------------+
| | |
+----------------------------------+--------------------------+
| Brewin Dolphin Corporate | +44 (0) 845 213 4726 |
| Advisory & Broking | |
| Nominated Adviser & Broker | |
+----------------------------------+--------------------------+
| Neil Baldwin | |
| | |
+----------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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