Statement re Share Price Movement
September 17 2009 - 6:59AM
UK Regulatory
TIDMHIF
Hidefield Gold plc
Statement regarding share price movement
Hidefield Gold plc ("the Company" or "Hidefield") notes the recent
rise in the share price of the Company and confirms that it is in
discussions with a third party which may or may not lead to an offer,
which would be on an all share basis, being made for the Company.
This announcement has been made with the agreement of the potential
offeror.
A further announcement will be made in due course.
In accordance with Rule 2.10 of the Takeover Code, the Company
confirms that it has 410,235,511 ordinary shares of 1p each in issue
and admitted to trading on the AIM market of the London Stock
Exchange under the ISIN reference GB0003644506.
Enquiries:
Hidefield Gold plc
Ken Judge (Chairman)
Tel: + 44 773 300 1002
Investor Relations
Jon Bey (North America)
Tel: + 1 604 638 3948
Hanson Westhouse Limited (Financial Adviser to Hidefield)
Tim Feather / Matthew Johnson
Tel: + 44 113 246 2610
Hanson Westhouse Limited, which is regulated in the United Kingdom by
the Financial Services Authority, is acting for Hidefield and no else
in relation to matters described in this announcement and will not be
responsible to anyone other than Hidefield for providing the
protections afforded to customers of Hanson Westhouse Limited.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and
Mergers (the "Code"), if any person is, or becomes, "interested"
(directly or indirectly) in 1% or more of any class of "relevant
securities" of Hidefield, "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is otherwise withdrawn or on which the "offer period" otherwise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 Hidefield, 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 Hidefield by Hidefield, or by any of its
"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 the 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 a 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 Takeover 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 Takeover Panel.
The distribution of this announcement in jurisdictions other than the
United Kingdom may be restricted by law and therefore persons into
whose possession this announcement comes should inform themselves
about and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of any
such jurisdiction. This announcement does not constitute an offer or
an invitation to purchase or subscribe for any securities or a
solicitation of an offer to buy any securities pursuant to this
announcement or otherwise in any jurisdiction.
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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