SOR Supporta

    RNS Number : 6456W
  Romac Investments Limited
  13 June 2008
   
    
    For immediate release
    13 June 2008
    Supporta plc ("Supporta" or the "Company")
    Statement re. Possible Offer by Romac Investments Limited
    On 23 April 2008, Romac Investments Limited ("Romac"), a 28.2% shareholder in Supporta through its wholly owned subsidiary Ginkgo
Investments Limited, sent a letter to the Board of Supporta outlining the terms and conditions of an indicative offer for the entire issued
and to be issued share capital of Supporta (the "Proposal"). On 5 June 2008 Romac received a formal rejection of that Proposal.
    Romac's primary concern is the protection of its investment in Supporta and consequently it is currently reviewing its options to assess
what course of action to pursue to best safeguard the value of that investment and to develop the business of Supporta. The options under
consideration include a possible offer for the Company.

 Enquiries:
 Deloitte Corporate Finance, financial adviser to Romac  020 7936 3000
 Jonathan Hinton
 James Lewis
 Commercial Management Limited, UK agent to Romac        01444 472 530
 Nigel Welby

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date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer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