CHLD Chloride Grp.

    RNS Number : 2586U
  Chloride Group PLC
  13 May 2008
   

    13 May 2008


    Chloride Group PLC
    ("Chloride")

    In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Chloride confirms that, as at close of business on 12 May 2008,
it had in issue 257,829,848 ordinary shares of 25 pence each, admitted to trading on the London Stock Exchange under the ISIN code
GB0001952075. 

    Enquiries:

 Hudson Sandler
 Andrew Hayes         +44 (0)20 7796 4133
 Kate Hough

 Dresdner Kleinwort 

 Chris Treneman       +44 (0)20 7623 8000
 Keith Welch

    Dresdner Kleinwort Limited, which is authorised and regulated by the Financial Services Authority, is acting for Chloride Group PLC and
for no-one else in connection with any potential offer and will not be responsible to anyone other than Chloride Group PLC for providing the
protections afforded to customers of Dresdner Kleinwort Limited or for affording advice in relation to any potential offer.

    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 Chloride, 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date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer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 Chloride, 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 Chloride by Emerson or Chloride, 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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