KEIF Kenmore Euro

 

TIDMKEIF TIDMHSTN 
 
RNS Number : 0449D 
Kenmore Euro Industrial Fund Ltd 
25 November 2009 
 

 
 
25 November 2009 
 
 
 
 
Kenmore European Industrial Fund Ltd ("KEIF" or the "Company") 
 
 
 
 
The board of KEIF notes the recent announcement by Hansteen Holdings PLC 
("Hansteen"). 
 
 
The board of KEIF can confirm that it has received a very preliminary approach 
from Hansteen expressing an interest in formulating an offer for the Company. 
No due diligence has yet taken place and there can be no certainty that an 
offer for the Company will be made. 
 
 
The primary objective of the board of KEIF is to ensure the best interests of 
all shareholders are protected and it will make a further announcement if and 
when appropriate. 
 
 
In accordance with Rule 2.10 of the Takeover Code, KEIF confirms that it has 
140,000,000 ordinary shares of no par value each in issue.The ISIN reference for 
these securities is GB00B1CH3174. 
 
 
 
 
Enquiries: 
 
 
J.P. Morgan Cazenove 
Robert Fowlds/ Bronson Albery/ Edward Gibson-Watt 
+44 (0)20 7588 2828 
 
 
Financial Dynamics 
Stephanie Highett/ Dido Laurimore/ Olivia Goodall 
+44 (0)20 7831 3113 
 
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% or more of any class of "relevant 
securities" of the Company, 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or is otherwise withdrawn or on which the "offer period" otherwise ends.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 
the Company as offeree, 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 the Company by the Investment Manager or the Company 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. 
J.P. Morgan Cazenove, which is authorised and regulated by the Financial 
Services Authority, is acting for the Company and for no one else in connection 
with the matters detailed in this announcement and will not be responsible to 
anyone other than the Company for providing the protections afforded to clients 
of J.P. Morgan Cazenove or for affording advice in relation hereto, or any other 
matters referred to herein. 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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