Suspension of Timetable
22 Ottobre 2009 - 6:39PM
UK Regulatory
TIDMGSD
RNS Number : 2629B
Midas Bidco Limited
22 October 2009
?NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
22 October 2009
Midas Bidco Limited ("Bidco")
Timing of despatch of scheme document to shareholders of Goldshield Group plc
("Goldshield")
On 25 September 2009, Bidco announced the terms of a cash acquisition of
Goldshield pursuant to Rule 2.5 of the Code. The Code requires that a scheme
document should normally be sent to Goldshield Shareholders within 28 days of
the date of that announcement (i.e. by tomorrow).
The Panel has, however, suspended for the time being the timetable for sending a
scheme document to Goldshield Shareholders in connection with the Offer. The
Independent Directors of Goldshield have been consulted by the Panel in
implementing this suspension. A further announcement in relation to the timing
for despatch of the scheme document will be made in due course.
Terms used but not defined in this announcement shall have the meanings given to
them in the announcement dated 25 September 2009 in relation to the Offer. A
copy of this announcement will be published on www.midasbidco.com.
+--------------------------------------------------+-------------------------+
| Enquiries: | |
+--------------------------------------------------+-------------------------+
| Bidco | |
+--------------------------------------------------+-------------------------+
| Lindsay Dibden | Tel: 020 7089 7888 |
| Philipp Schwalber | Tel: 020 7089 7888 |
| | |
+--------------------------------------------------+-------------------------+
| Ernst & Young LLP (Financial Adviser to Bidco) | |
+--------------------------------------------------+-------------------------+
| Tim Medak | Tel: 020 7951 2000 |
| Ken Williamson | Tel: 020 7951 2000 |
| | |
+--------------------------------------------------+-------------------------+
| Altium Capital Limited (Broker to Bidco) | |
+--------------------------------------------------+-------------------------+
| Stephen Georgiadis | Tel: 020 7484 4040 |
| Tim Richardson | Tel: 020 7484 4040 |
| | |
+--------------------------------------------------+-------------------------+
| Media Enquiries: | |
+--------------------------------------------------+-------------------------+
| Maitland | |
+--------------------------------------------------+-------------------------+
| Neil Bennett | Tel: 020 7379 5151 |
+--------------------------------------------------+-------------------------+
Ernst & Young LLP, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for Bidco and HgCapital
and no one else in connection with the Offer and will not be responsible to
anyone other than Bidco and HgCapital for providing the protections afforded to
the clients of Ernst & Young LLP, or for giving advice in connection with the
Offer, the contents of this announcement, or the Forms of Proxy or any matter
referred to herein.
Altium Capital Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Bidco and
HgCapital and no one else in connection with the Offer and will not be
responsible to anyone other than Bidco and HgCapital for providing the
protections afforded to the clients of Altium Capital Limited, or for giving
advice in connection with the Offer, the contents of this announcement, or the
Forms of Proxy or any matter referred to herein.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1 per cent. or more of any class of
"relevant securities" of Goldshield, all "dealings" in any "relevant securities"
of Goldshield (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 date on which the
Scheme becomes effective or becomes, or is declared, unconditional as to
acceptances, or lapses 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
Goldshield, 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 Goldshield by Bidco or Goldshield, 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 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, please contact an independent financial
adviser authorised under the Financial Services and Markets Act 2000 or consult
the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on
telephone number +44 (0) 20 7638 0129; fax +44 (0) 20 7236 7013.
In accordance with normal UK market practice, Bidco or its nominees or brokers
(acting as agents) may from time to time make certain purchases of, or
arrangements to purchase, Goldshield Shares outside the United States, other
than pursuant to the Scheme, prior to the Scheme Effective Date. These purchases
may occur either in the open market at prevailing prices or in private
transactions at negotiated prices. Any information about such purchases will be
disclosed as required in the UK.
A copy of this announcement will be available on Bidco's website:
www.midasbidco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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