SOR Supporta

    RNS Number : 7570C
  Supporta PLC
  04 September 2008
   

    4 September 2008

    Supporta PLC ("Supporta" or the "Company")

    The Board of Supporta notes the movement in the Company's share price and wishes to inform the market that it has received an approach
which may or may not lead to an offer to acquire the issued and to be issued share capital of the Company.

    Shareholders should note however, that the approach is preliminary in nature and subject to a number of conditions which may or may not
prove capable of being satisfied.

    Accordingly, no assurances can be given that a formal offer will be forthcoming or that any transaction will occur.

    Further announcements will be made in due course. 

    For further information, please contact:
      
    Supporta PLC 
    Clive Grace, Chairman
    John Jasper, Chief Executive            01926 516600

    Brewin Dolphin Investment Banking
    Matt Davis/Andrew Emmott              0845 270 8600

    ENDS



    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 Supporta, 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 3.30pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which an offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 Supporta, 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 Supporta by Supporta, or by any of its
respective "associates", must be disclosed by no later than 12 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.

    Brewin Dolphin Investment Banking, which is authorised by the Financial Services Authority, is acting exclusively for Supporta and no
one else and will not be responsible to anyone other than Supporta for providing the protections offered to clients of Brewin Dolphin
Investment Banking or for providing advice in relation to matters referred to herein.




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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