HIF Hidefield Gld

 
TIDMHIF 
 
Hidefield Gold plc 
 
              Statement regarding share price movement 
 
 
Hidefield Gold plc  ("the Company" or  "Hidefield") notes the  recent 
rise in the share  price of the  Company and confirms  that it is  in 
discussions with a third party which may or may not lead to an offer, 
which would be on an all share basis, being made for the Company. 
 
This announcement has been made  with the agreement of the  potential 
offeror. 
 
A further announcement will be made in due course. 
 
In accordance  with  Rule 2.10  of  the Takeover  Code,  the  Company 
confirms that it has 410,235,511 ordinary shares of 1p each in  issue 
and admitted  to  trading on  the  AIM  market of  the  London  Stock 
Exchange under the ISIN reference GB0003644506. 
 
 
Enquiries: 
 
Hidefield Gold plc 
Ken Judge (Chairman) 
Tel: + 44 773 300 1002 
 
Investor Relations 
Jon Bey (North America) 
Tel: + 1 604 638 3948 
 
Hanson Westhouse Limited (Financial Adviser to Hidefield) 
Tim Feather / Matthew Johnson 
Tel: + 44 113 246 2610 
 
 
Hanson Westhouse Limited, which is regulated in the United Kingdom by 
the Financial Services Authority, is acting for Hidefield and no else 
in relation to matters described in this announcement and will not be 
responsible  to  anyone  other  than  Hidefield  for  providing   the 
protections afforded to customers of Hanson Westhouse Limited. 
 
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 Hidefield, "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is otherwise  withdrawn  or on  which  the "offer  period"  otherwise 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 Hidefield, 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  Hidefield by  Hidefield, or by  any of  its 
"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  the 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 a 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 Takeover 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 Takeover Panel. 
 
The distribution of this announcement in jurisdictions other than the 
United Kingdom may be  restricted by law  and therefore persons  into 
whose possession  this announcement  comes should  inform  themselves 
about and observe, such restrictions.  Any failure to comply with the 
restrictions may constitute a violation of the securities laws of any 
such jurisdiction.  This announcement does not constitute an offer or 
an invitation  to  purchase or  subscribe  for any  securities  or  a 
solicitation of  an offer  to  buy any  securities pursuant  to  this 
announcement or otherwise in any jurisdiction. 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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