FDT 1ST Dental Labs

    RNS Number : 7662A
  1st Dental Laboratories PLC
  06 August 2008
   

    Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where it would be unlawful to do so.

    FOR IMMEDIATE RELEASE
    6 August 2008
    1ST DENTAL LABORATORIES PLC (THE "COMPANY")
    Response to recent share price movement
    In response to the recent movement in the Company's share price, the Company's Board confirms that it has received an approach for cash
at a price of not more than 8.5 pence per share and is currently in preliminary discussions which may or may not lead to an offer for the
entire issued and to be issued share capital of the Company.
    There can be no certainty that any offer will be made nor as to the terms of any such offer. Shareholders are advised to take no action
at this time.
    Pursuant to Note 7 to Rule 2.4 the Company notes that this announcement is made without the agreement or approval of the potential
offeror.
    Further announcements will be made as appropriate.
    Pursuant to Rule 2.10 of the City Code, the Company announces that it has 42,017,444 ordinary shares of 10 pence each in issue (ISIN
GB0031547002).
    Enquiries:
    1st Dental Laboratories PLC
    Andrew Garner    01509 650111
    Saffery Champness Corporate Finance Limited
    Charles Simpson    0207 841 4000

    The distribution of this announcement to 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.

    The Directors of the Company accept responsibility for the information contained in this announcement.  To the best of the knowledge and
belief of the Directors, who have taken all reasonable care to ensure that such is the case, the information contained in this announcement
is in accordance with the facts and does not omit anything likely to affect the import of such information.

    Saffery Champness Corporate Finance Limited, which is authorised and regulated in the United Kingdom by The Financial Services
Authority, is acting exclusively for the Company and no one else in connection with this announcement and will not be responsible to anyone
other than the Company for providing the protections afforded to clients of Saffery Champness Corporate Finance Limited or providing advice
in relation to the contents of this announcement. 

    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 the Company, 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 p.m. (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 the Company, 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 the potential offeror or of the Company by the
potential offeror or the Company 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 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.


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