HMF Handmade

 

TIDMHMF 
 
RNS Number : 3081K 
Handmade PLC 
16 April 2010 
 

16 April 2010 
 
                                  Handmade PLC 
                          ("Handmade" or the "Company") 
 
                                   Correction 
 
 Further to the announcement of the Company released on 15 April 2010, there is 
  an additional disclosure requirement under rule 2.10 of the Takeover Code to 
disclose that the offer would be likely to be solely in cash. The full corrected 
                             text is set out below. 
 
 
                    Correction Statement Re. Possible Offer 
 
The Company (AIM:HMF) has received an approach from Almorah Services Limited 
("Almorah"), which may or may not lead to a firm offer being made for the issued 
share capital of the Company. At this stage no formal offer has been made and 
there can be no certainty that an offer (which would be likely to be solely in 
cash) will be made or as to the terms on which any offer might be made. 
 
It has been confirmed to the Company by Almorah that neither Cartier Investments 
Inc., nor Patrick Meehan, the Company's former Deputy Chairman and Joint Chief 
Executive is involved in the potential bid. 
 
A further announcement will be made in due course. 
 
This announcement triggers the commencement of an offer period for the purposes 
of the City Code on Takeovers and Mergers (the "Code"). 
 
In accordance with Rule 2.10 of the Code, Handmade confirms that as at the close 
of business on 6 April 2010 it had 232,986,845 ordinary shares of 5 pence each 
in issue. The ISIN reference number for these securities is GB0006508476. 
 
 
Handmade PLC 
Bob Benton, Chairman 
       020 7518 8230 
 
Conduit PR 
Jos Simson/Charlie Geller 
       020 74296603 
 
Canaccord Adams 
Mark Williams/Andrew Chubb 
020 7050 6500 
 
Canaccord Adams Limited ("Canaccord") (which is regulated in the United Kingdom 
by the Financial Services Authority) is acting exclusively for Handmade as 
nominated adviser and broker and no one else (including the recipients of this 
announcement) in connection with the arrangements that are the subject matter of 
this announcement and will not be responsible to anyone other than Handmade for 
providing the protections afforded to customers of Canaccord or for advising any 
other person in connection with the arrangements that are the subject matter of 
this announcement. Canaccord makes no representation, express or implied, with 
respect to the accuracy or completeness of any information contained in this 
announcement and accepts no responsibility for, nor does it authorise, the 
contents of, or the issue of this announcement, or any other statement made or 
purported to be made by Handmade, or on its behalf, in connection with Handmade 
or any of the other arrangements that are the subject matter of this 
announcement and, accordingly, disclaims all and any liability whatsoever 
whether arising out of tort, contract or otherwise which it might otherwise have 
in respect of this announcement or any other statement. 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be subject 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 announcement has been prepared in accordance with English law 
and the Code and information disclosed may not be the same as that which would 
have been prepared in accordance with the laws of jurisdictions outside England. 
DEALING DISCLOSURE REQUIREMENTS 
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 
'interested' (directly or indirectly) in 1% or more of any class of 'relevant 
securities' of  Handmade, 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 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 
Handmade, 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 Almorah or of Handmade by Almorah or Handmade, 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 
   END 
 
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