RNS Number : 4249W
  NetStore PLC
  11 June 2008
   

    Netstore plc ("Nestore" or the "Company")
    Response to Press Speculation

    The Board of Netstore notes comments made yesterday by CRN on its website in connection with a possible offer for the Company.  The
Company wishes to clarify that the comments contained in that article were attributed to an individual with no knowledge of this matter and
should be disregarded.

    Netstore confirms it is in discussions which may or may not lead to an offer being made for the Company. There can be no certainty that
any offer will be forthcoming. A further announcement will be made in due course.

    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 the Company, all "dealings" in any "relevant securities" of the 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date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer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 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 Company by the offeror or the offeree 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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