Clarification of statements
03 Março 2009 - 12:27PM
UK Regulatory
TIDMGNE
RNS Number : 2468O
GNE Group PLC
03 March 2009
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| Press Release | 3 March 2009 |
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GNE Group plc
('GNE or 'the Company')
Clarification of statements
Following queries raised by the Shareholder Action Group the Directors wish to
clarify certain statements contained in their letter to shareholders dated 24
February 2009.
With regard to the statement 'The GNE share price peaked at GBP1.90 as a result
of Mr Ratcliffe's acquisition of his stake', having reviewed trading for the
week commencing Monday 8 December 2008, the Directors note that the closing
price for ordinary shares was 181 pence on Monday 8 December 2008 increasing to
187.5 pence on Friday 12 December 2008 the day Mr. Ratcliffe acquired his
ordinary shares. The closing price for the ordinary shares peaked at 190
pence on Tuesday 9 December 2008.
The Directors wish to clarify the statement that "at least 38% of the shares in
the Company have changed hands and been acquired by new shareholders since Mr.
Ratcliffe became involved" includes the acquisition of 28.7% of the ordinary
shares by the concert party.
- Ends -
For further information:
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| GNE Group plc | |
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| David Port, Executive Chairman | Tel: +44 (0) 20 7398 7702 |
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| | |
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| Seymour Pierce | |
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| Richard Feigen / Sarah Jacobs | Tel: +44 (0) 20 7107 8000 |
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| | www.seymourpierce.com |
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Media enquiries:
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| Abchurch | |
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| Henry Harrison-Topham / Monique Tsang | Tel: +44 (0) 20 7398 7702 |
+------------------------------------------+----------------------------+
| monique.tsang@abchurch-group.com | www.abchurch-group.com |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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