Stmnt re Share Price Movement/Rule 2.10
16 May 2009 - 2:37AM
UK Regulatory
TIDMDSY
RNS Number : 3780S
DawMed Systems PLC
15 May 2009
FOR IMMEDIATE RELEASE
15 May 2009
Dawmed Systems plc
("Dawmed" or the "Company")
Statement regarding share price movement
The Board of Dawmed notes the recent rise in the Company's share price and
confirms that it has received an approach from a third party that may lead to an
offer being made for the Company (the "Approach"). The Approach is preliminary
in nature and there can be no certainty that an offer will ultimately be
forthcoming.
In relation to this announcement, shareholders are advised to take no action in
relation to their shareholdings in the Company. A further announcement will be
made in due course as appropriate.
The following information is provided in accordance with Rule 2.10 of the City
Code on Takeovers and Mergers (the "Code").
Relevant Securities in Issue
The Company confirms that it has 20,613,292 Ordinary Shares of 5 pence each in
issue at the close of business on 15 May 2009 and the Ordinary Shares in the
Company are admitted to trading on AIM under the UK ISIN code GB0030032881.
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 the offeror or Target (the offeree
company), 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withdrawn or on which the "offer period" otherwise ends.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 the offeror or
Target (the offeree company), 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 the offeror or of Target (the offeree company) by the offeror or
Target (the offeree 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.
ENDS
Enquiries:
+------------------------------------+------------------------------------+
| Dawmed Systems plc | |
+------------------------------------+------------------------------------+
| Kevin M Gilmore, Executive | Tel: 01608 682244 |
| Chairman | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Beaumont Cornish Limited | |
+------------------------------------+------------------------------------+
| Roland Cornish | Tel: 0207 628 3396 |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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