GSD Goldshield Grp

RNS Number:7963M
Goldshield Group PLC
28 November 2006


FOR IMMEDIATE RELEASE                                          28 November 2006





                              Goldshield Group plc


                         POSSIBLE OFFER FOR THE COMPANY



Following the recent movement in share price, Goldshield Group plc ("Goldshield"
or the "Company") confirms that it is in very early stage discussions with Ajit
Patel, the CEO of Goldshield, in relation to a possible management buy out of
the Company. These discussions are at a very preliminary stage and there can be
no certainty that any offer will be forthcoming.


Goldshield is being advised by Panmure Gordon in relation to this matter.
Further announcements will be made as and when appropriate.


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of the Company, all "dealings"
in any "relevant securities" of the 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 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 Company 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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