NES Netstore

    RNS Number : 9133E
  NetStore PLC
  02 October 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                                                                                      2 October 2008



    RECOMMENDED CASH ACQUISITION

    OF

    NETSTORE PLC

    BY

    2E2 LIMITED

    Rule 2.10 Announcement

    In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Netstore plc confirms that it currently has in issue 180,311,023
ordinary shares of 20p each. 
    The International Securities Identification Number for the ordinary shares is GB0004123609.
    Enquiries:

 2e2
 Terry Burt                                        +44 (0) 1635 568000
 Nick Grossman

 Dresdner Kleinwort (financial adviser to 2e2)
 Simon Russell                                     +44 (0) 20 7623 8000
 Ben Bailey

 Netstore
 Graham Kingsmill                                  +44 (0) 870 300 6600
 Paul Barry-Walsh  

 Cenkos (financial adviser to Netstore)
 Beth McKiernan                                    +44 (0) 20 7397 8900

 Buchanan Communications (PR adviser to Netstore)
 Charles Ryland                                    +44 (0) 20 7466 5000
 Jeremy Garcia

    Dealing Disclosure Requirements

    Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, "interested" (directly or indirectly) in one per cent. or
more of any class of "relevant securities" of Netstore, all "dealings" in any "relevant securities" of Netstore (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which the Scheme becomes effective, lapses or is otherwise withdrawn or if made by an offer until the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn, or in any case on which the "offer period" otherwise ends.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 Netstore, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code.

    Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Netstore by 2e2 or Netstore, or by any of their
respective "associates", must be disclosed by no later than 12 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 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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