TIDMASOG

RNS Number : 6937X

Avanta Serviced Office Group PLC

21 November 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

21 November 2014

Avanta Serviced Office Group (AIM: ASOG)

Statement re: Offer by Tosca Vehicle Limited

The board of Avanta Serviced Office Group plc ("ASOG" or the "Company") notes the announcement issued earlier today regarding the offer by Tosca Vehicle Limited for the entire issued and to be issued share capital of the Company (the "Offer").

The board of ASOG will communicate its views on the Offer to shareholders as soon as practicable.

In accordance with Rule 2.10 of the City Code on Takeovers & Mergers (the "Code"), the Company confirms that as at the date of this announcement, it has in issue 32,710,998 ordinary shares of 30 pence each. The International Securities Identification Number (ISIN) of the ordinary shares is GB00BCLYPC12.

In accordance with Rule 30.4 of the Code, a copy of this announcement will be made available on our website at http://www.avanta.co.uk/.

A further announcement will be made in due course.

 
 Enquiries 
  Avanta Serviced Office Group plc       Tel: 020 3008 6000 
  Daniel Taylor, Chairman 
   Alan Pepper, Chief Executive Officer 
 
 
  Shore Capital & Corporate              Tel: 020 7408 4090 
  Stephane Auton / Patrick Castle 
 
 
   Weber Shandwick                        Tel: 020 7367 5100 
  Nick Oborne

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10(th) business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

END

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