GDYO Gibbs & Dandy

RNS Number:0801O
Gibbs & Dandy PLC
15 February 2008



                                    Gibbs & Dandy plc
                           ("Gibbs & Dandy plc" or the "Company")

                                   Preliminary Approach

The board of Gibbs & Dandy plc notes the press speculation and movement in its
share price and announces that it is  currently in early stage discussions which
may or may not lead to an offer for the entire issued share capital of the 
Company.  At this stage, there can be no certainty that an offer will be made.

A further announcement will be made in due course.

Enquiries:

Gibbs & Dandy PLC
Michael Dandy
01582 798 893

Panmure Gordon
Andrew Godber
020 7614 8385

Panmure Gordon (UK) Limited, which is authorised and regulated in the United
Kingdom by the Financial Services  Authority, is acting as financial adviser and
broker to Gibbs & Dandy plc and no one else in connection with the  matters
referred to in this announcement and will not be responsible to any person other
than Gibbs & Dandy plc for  providing the protections afforded to the clients of
Panmure Gordon or for providing advice in relation to the matters  referred to
herein.

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 Gibbs & Dandy plc, 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 an offer for Gibbs & Dandy
plc 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otherwise  withdrawn or on which the 'offer period' otherwise ends.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 Gibbs &
Dandy plc,  they will be deemed to be a single person for the purpose of Rule
8.3 of the Code.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Gibbs & Dandy plc by the  offeror or Gibbs & Dandy plc, 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 website of The Panel on Takeovers and Mergers (the
'Panel'), 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 of the Code, you should consult the  Panel.



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

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