Rule 2.10 Announcement
23 April 2010 - 9:54PM
UK Regulatory
TIDMHMF
RNS Number : 7045K
Handmade PLC
23 April 2010
23 April 2010
Handmade PLC
("Handmade" or the "Company")
Rule 2.10 Announcement - Convertible Loan Stock
Further to the announcement of the Company released on 16 April 2010, in
accordance with Rule 2.10 of the City code on takeovers and Mergers (the
"Code"), Handmade confirms that in addition to the ordinary shares detailed in
the 16 April 2010 announcement, at the close of business on 22 April 2010 it had
204 units (totalling GBP10,200,000 in aggregate nominal amount) of unlisted
fixed rate convertible redeemable secured convertible loan stock 2012
denominated in units of GBP50,000 in issue. Such loan stock being convertible,
subject to the terms of the same, into ordinary shares in the capital of the
Company of 5 pence each. The ISIN reference number for these securities is
XS0468230528.
Handmade PLC
Bob Benton, Chairman
020 7518 8230
Conduit PR
Jos Simson/Charlie Geller
020 7429 6603
IBISCapital
David Brooks
020 7070 7080
Canaccord Adams Limited
Mark Williams/Andrew Chubb
020 7050 6500
IBIS Capital ("IBIS") (which is regulated in the United Kingdom by the Financial
Services Authority) is acting exclusively for Handmade as financial adviser and
no one else (including the recipients of this announcement) in connection with
the arrangements that are the subject matter of this announcement and will not
be responsible to anyone other than Handmade for providing the protections
afforded to customers of IBIS or for advising any other person in connection
with the arrangements that are the subject matter of this announcement.
Canaccord Adams Limited ("Canaccord") (which is regulated in the United Kingdom
by the Financial Services Authority) is acting exclusively for Handmade as
nominated adviser and broker and no one else (including the recipients of this
announcement) in connection with the arrangements that are the subject matter of
this announcement and will not be responsible to anyone other than Handmade for
providing the protections afforded to customers of Canaccord or for advising any
other person in connection with the arrangements that are the subject matter of
this announcement.
Neither IBIS nor Canaccord makes any representation, express or implied, with
respect to the accuracy or completeness of any information contained in this
announcement and accept no responsibility for, nor does either firm authorise,
the contents of, or the issue of this announcement, or any other statement made
or purported to be made by Handmade, or on its behalf, in connection with
Handmade or any of the other arrangements that are the subject matter of this
announcement and, accordingly, each disclaims all and any liability whatsoever
whether arising out of tort, contract or otherwise which they might otherwise
have in respect of this announcement or any other statement.
The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be subject 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. The announcement has been prepared in accordance with English law
and the Code and information disclosed may not be the same as that which would
have been prepared in accordance with the laws of jurisdictions outside England.
Disclosure requirements of 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.
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.
Please note that any address, electronic address and certain other information
provided for the receipt of communications from the offeree company may be
provided to an offeror during the offer period as required under Section 4 of
Appendix 4 of the Code.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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