Total Voting Rights and Rule 2.10
October 07 2010 - 6:22AM
UK Regulatory
TIDMSHDP
RNS Number : 0243U
Shed Media PLC
07 October 2010
Shed Media plc ("Shed" or the "Company")
Total Voting Rights and Rule 2.10
Following the announcement dated 1 October 2010 and in accordance with Rule
2.10 of the City Code on Takeovers and Mergers (the "City Code"), the Company
confirms that it has 88,350,572 ordinary shares of 0.1 pence each (the "Ordinary
Shares") in issue. No Ordinary Shares are held in treasury. Therefore, the
total number of Ordinary Shares carrying voting rights in Shed is 88,350,572.
The UK ISIN code of these Ordinary Shares is GB00B05MGS05.
The above figure (88,350,572 Ordinary Shares) 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, Shed
under the FSA's Disclosure and Transparency Rules.
Enquiries:
+--------------------------+--------------------------+
| Shed Media plc | |
+--------------------------+--------------------------+
| Nick Southgate, Chief | Tel: +44 (0)207 239 1010 |
| Executive | |
+--------------------------+--------------------------+
| | |
+--------------------------+--------------------------+
| Altium Capital | |
+--------------------------+--------------------------+
| Ben Thorne / Melanie | Tel: +44 (0)207 484 4187 |
| Szalkiewicz | |
+--------------------------+--------------------------+
Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1 per cent. or more of any class of
"relevant securities" of an offeree or a paper offeror, that person must make an
"Opening Position Disclosure" following the commencement of the "offer period"
and, if later, following the announcement in which any paper 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 and (ii) the paper offeror. An "Opening Position
Disclosure" by a person to whom Rule 8.3(a) applies must be made by no later
than 3.30 p.m. (London time) on the 10th Business Day following the commencement
of the Offer Period and, if appropriate, by no later than 3.30 p.m. (London
time) on the 10th Business Day following the announcement in which the paper
offeror is first identified. Relevant persons who deal in the "relevant
securities" of the offeree or of the paper offeror prior to the deadline for
making an "Opening Position Disclosure" must instead make a "Dealing
Disclosure".
Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in
1 per cent. or more of any class of "relevant securities" of the offeree or of
the paper offeror must make a "Dealing Disclosure" if the person deals in any
"relevant securities" of the offeree or of the paper 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 the offeree and the paper 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 no later than
3.30 p.m. (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 an "interest" in "relevant securities" of
the offeree, they will be deemed to be a single person for the purpose of Rule
8.3 of the City Code.
"Opening Position Disclosures" must also be made by the offeree and by the paper
offeror and "Dealing Disclosures" must also be made by the offeree, by the paper
offeror and by any persons acting in concert with any of them (see Rules 8.1,
8.2 and 8.4 of the City Code).
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. If you are in any doubt as to whether you are required to make
an Opening Position Disclosure or a Dealing Disclosure, you should contact the
Panel's Market Surveillance Unit on +44 (0)20 7638 0129.
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 of the City Code, you should
contact an independent financial adviser authorised under FSMA or consult the
Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone
number +44 (0)20 7638 0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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