Scottish Highland - Rule 8 Disclosure
19 Agosto 1999 - 4:53PM
UK Regulatory
RNS No 2563t
SCOTTISH HIGHLAND HOTELS PLC
Date of 19 AUGUST 1999
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKE-OVERS AND MERGERS
Date of dealing...18 AUGUST 1999............
Dealing in..SCOTTISH HIGHLAND HOTELS.......................(name of company)
(1) Class of securities (eg ordinary shares)..ORDINARY 5P.................
(2) Amount bought Amount sold Price per unit
3,567,971 #1.30
(3) Resultant total owned or controlled of ordinary shares
(and percentage of class)...............................0.......... (0.00%)
(4) Party making disclosure..FRAMLINGTON GROUP LTD..........................
(5) EITHER (a) Name of purchaser/vendor (Note 1)..............................
OR (b) if dealing for discretionary client(s), name of fund management
organisation
..............................FRAMLINGTON INVESTMENT MANAGEMENT................
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
Specify which category or categories of associate (1-8 overleaf)...............
If category (8), explain........................................................
................................................................................
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
of the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above.....N/A...............
(Also print name of signatory)..S DEBOURDE......................................
Telephone and extension number..0171 330 6520...................................
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on
instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in
relation to relevant securities, details of such arrangement must be
disclosed, as required by Note 6 on Rule 8...........................
.....................................................................
......................................................................
Note 5. It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that
relevant information can be given.
Note 6. In the case of an average price bargain, each underlying trade should
be disclosed.
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Take-overs and Mergers, Tel. No: 0171-382 9026.
END
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