Statement re Alpha Airports
May 30 2007 - 8:04AM
UK Regulatory
RNS Number:4308X
Autogrill SpA
30 May 2007
FOR IMMEDIATE RELEASE
Statement re Alpha Airports Group plc
Autogrill S.p.A.
30 May 2007
Statement re Alpha Airports Group plc
Further to recent movements in Alpha Airports Group plc's ("Alpha Airports")
share price, Autogrill S.p.A ("Autogrill") announces that it has this morning
acquired at a price of 95 pence per share and currently holds a total of
21,995,200 shares in Alpha Airports. Autogrill is currently reviewing its
options including whether or not to make an offer for the entire issued and to
be issued share capital of Alpha Airports. Autogrill's considerations are at a
preliminary stage and there is no certainty that any offer will be made. Any
offer is likely to be solely in cash.
A further announcement will be made when appropriate.
Enquiries:
Autogrill
Patrizia Rutigliano
Director of Group Communication
Tel: +39 02 4826 3224
Elisabetta Cugnasca
Investor Relations Manager
Tel: +39 02 4826 3246
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of Alpha Airports, all "dealings" in any "relevant securities" of
Alpha Airports, (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or is otherwise withdrawn or on which the "offer period" otherwise ends.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 Alpha
Airports, 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 City Code, all "dealings" in "relevant
securities" of Alpha Airports by Autogrill or Alpha Airports, 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 City 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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