LIN Litcomp

 

TIDMLIN TIDMLINC 
 
RNS Number : 6018Z 
LitComp Plc 
24 September 2009 
 

 
 
LitComp Plc 
 
 
("LitComp" or the "Company") 
 
 
Statement Re:  Share Price Movement 
 
 
The Board of Litcomp notes the recent rise in the Company's share price and 
announces that the Company is in advanced discussions with a potential offeror 
regarding a possible offer for the Company at 33 pence per share in cash. 
 
 
No final agreement has been reached and so there can be no certainty as to 
whether an offer for the Company will or will not be made. 
 
 
This anouncement is being made without the approval of the potential offeror. 
 
 
A further announcement will be made in due course. 
 
 
For further information, please contact: 
+-----------------------------------------+------------------------------+ 
| LitComp Plc                             |                              | 
+-----------------------------------------+------------------------------+ 
| Jason Smart, Chief Executive Officer    |    Tel: +44 (0) 147 656 0113 | 
+-----------------------------------------+------------------------------+ 
| Paul Lavender, Finance Director         |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Seymour Pierce Limited (Financial       |    Tel: +44 (0) 207 107 8000 | 
| Adviser)                                |                              | 
+-----------------------------------------+------------------------------+ 
| Richard Feigen / Chris Howard /         |                              | 
| Christopher Wren                        |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
 
 
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 
of the Company (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 impact the import of this 
announcement. 
 
 
Dealing Disclosure Requirements 
 
 
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any 
person is, or becomes, "interested" (directly or indirectly) in 1% or more of 
any class of "relevant securities" of LitComp, 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 LitComp, 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 LitCompby an offeror or LitComp, 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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