Statement re Possible Offer
April 17 2007 - 3:02AM
UK Regulatory
RNS Number:9507U
Europasia Education PLC
17 April 2007
17 April 2007
EUROPASIA EDUCATION plc
("EPE" or "the Company")
Statement re Possible Offer
The Board of EPE confirms that it has entered into discussions with another
party, which may or may not lead to an offer being made for the entire issued
share capital of the Company.
The indicative offer price is at 5p per ordinary share although discussions are
at a preliminary stage.
This statement in relation to the terms of any offer is not being made with the
agreement or approval of the potential offeror. Furthermore, there can be no
certainty that an offer will be made nor as to the terms on which any offer
might be made.
A further announcement will be made as appropriate.
For further information visit www.europasiaeducation.com or contact:
James Holmes, Chairman
EuropAsia Education plc
020 7355 7928
Paul Quade
City Road Communications
020 7248 8010
Insinger de Beaufort
Nandita Sahgal
Tel: 020 7190 7000
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 the offeree 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 offeree company, 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 offeree company by the offeror or the offeree 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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