AXD Alexandra

 

TIDMAXD 
 
RNS Number : 7148O 
Alexandra PLC 
02 July 2010 
 

                                 Alexandra PLC 
                                ("the Company") 
 
                            Bothwell Park valuation 
 
 
Further to the Company's announcement on 17 June 2010 regarding the unsuccessful 
planning application to secure a change of use designation for the Company's 
Bothwell Park factory site in Scotland ("Bothwell") to enable retail 
development, the Company commissioned an independent valuation of Bothwell, 
which has resulted in a revised valuation for the property (on both an existing 
use and market value basis) of GBP1.6 million.  In the Group's interim results 
for the six months ended 31 July 2009 Bothwell was valued at GBP8.07 million. 
 
As previously announced, the Company is taking advice in relation to next steps 
following the unsuccessful planning application, which may include an appeal or 
a revised application.   However, the Directors have been advised that it is 
highly unlikely that any further attempt to obtain a retail use designation 
would be successful.  Further updates will be made in due course. 
 
 
 
                                    -Ends- 
Enquiries: 
+------------------------------+------------------------------+ 
| Alexandra plc                |                01454 876 003 | 
| Tim Gifford, CEO             |                              | 
+------------------------------+------------------------------+ 
| Arden Partners plc           |                020 7614 5900 | 
| Richard Day, Fred Walsh      |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| Evolution Securities         |                020 7071 4300 | 
| Tim Worlledge, Adam Lloyd    |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| Pelham Bell Pottinger        |                020 7861 3159 | 
| Gavin Davis                  |                              | 
+------------------------------+------------------------------+ 
 
 
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| Disclosure requirements of the Takeover Code (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 paper 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 paper 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 10th 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 paper        | 
| offeror is first identified. Relevant persons who deal in the     | 
| relevant securities of the offeree company or of a paper 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 paper offeror must make a Dealing   | 
| Disclosure if the person deals in any relevant securities of the  | 
| offeree company or of any paper 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 paper 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.                                          | 
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| 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     | 
| paper 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. If you are in any doubt as to whether you are         | 
| required to make an Opening Position Disclosure or a Dealing      | 
| Disclosure, you should contact the Panel's Market Surveillance    | 
| Unit on +44 (0)20 7638 0129.                                      | 
+-------------------------------------------------------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCGRGDRXGGBGGD 
 

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