F&C Asset Management PLC Rule 2.10 Announcement (3613G)
May 06 2014 - 10:20AM
UK Regulatory
TIDMFCAM
RNS Number : 3613G
F&C Asset Management PLC
06 May 2014
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 THAT
JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.10 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE")
6 May 2014
F&C Asset Management plc (the "Company" or "F&C")
Rule 2.10 Announcement
In accordance with Rule 2.10 of The City Code on Takeovers and
Mergers, the Company announces that it has today issued 755,886
ordinary shares of 0.1 pence each, to satisfy the vesting of awards
made under the Company's Long Term Remuneration Plan.
As at 6(th) May 2014, the issued share capital of the Company
comprises 589,541,730 ordinary shares of 0.1 pence each with ISIN
Number GB0004658141. All of these shares carry voting rights of one
vote per share.
The Company does not currently hold any shares in treasury.
The above figure (589,541,730) may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FSA's Disclosure and
Transparency Rules.
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be available on the Company's website at
www.fandc.com.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any Offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10(th) business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror, save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any Offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
J.P. Morgan Limited is authorised and regulated in the United
Kingdom by the FCA. J.P. Morgan Securities plc is authorised in the
United Kingdom by the PRA and regulated by the FCA and the PRA.
J.P. Morgan Limited and J.P. Morgan Securities plc, conduct their
UK investment banking business as J.P. Morgan Cazenove ("J.P.
Morgan Cazenove"). J.P. Morgan Cazenove is acting as financial
advisor and broker exclusively for F&C and no one else in
connection with the matters set out in this announcement and will
not regard any other person as its client in relation to the
matters in this announcement and will not be responsible to anyone
other than F&C for providing the protections afforded to
clients of J.P. Morgan Cazenove, nor for providing advice in
relation to any matter referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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