Statement re Autogrill
31 May 2007 - 12:42AM
UK Regulatory
RNS Number:4476X
Alpha Airports Group PLC
30 May 2007
Alpha Airports Group Plc
("Alpha" or the "Company")
Statement re: Autogrill S.p.A ("Autogrill")
The Board of Alpha has noted today's announcement by Autogrill that it has
acquired 21,995,200 shares in Alpha. The Board further notes that Autogrill is
currently reviewing its options including whether or not to make an offer for
the entire issued and to be issued share capital of the Company.
The Board is consulting with its advisers and, as at the time of this
announcement, the Board has not entered into any discussions with Autogrill in
respect of their future intentions.
The Board will make a further announcement when appropriate.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "
Code"), the Company confirms that, as at the close of business on 29 May 2007,
the Company's issued share capital consisted of 175,939,373 ordinary shares of
10p each. The ISIN of these ordinary shares is GB0000281328.
30 May 2007
Enquiries
Close Brothers 020 7655 3100
David Bezem
Henry Wells
College Hill 020 7457 2020
Mark Garraway
The directors of Alpha accept responsibility for this announcement. To the best
of the knowledge and belief of the directors of Alpha (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 affect the import of such information.
Close Brothers Corporate Finance Limited ("Close Brothers"), which is authorised
and regulated in the United Kingdom by the Financial Services Authority, is
acting as financial adviser to Alpha and no-one else in connection with the
matters referred to in this announcement and will not be responsible to anyone
other than Alpha for providing the protections afforded to clients of Close
Brothers, nor for providing advice in relation to the matters referred to
herein.
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 Alpha, 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 Alpha,
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 Alpha by the offeror or the 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
END
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