| Mon 5 Oct 2009, 8:12 | | DMC - DiamondCorp plc - Announcement regarding possible offer and cautionary |
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DMC
DMC
DMC - DiamondCorp plc - Announcement regarding possible offer and cautionary
announcement
DiamondCorp plc
JSE share code: DMC & AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
(`DiamondCorp` or `the Company`)
Announcement regarding possible offer and cautionary announcement
The board of Diamondcorp notes the recent press speculation and announces that
it is in preliminary discussions with a third party which may or may not lead to
an offer being made for the entire issued share capital of the Company.
Shareholders of the Company should be aware that there is no certainty that an
offer will be forthcoming.
A further announcement will be made in due course. Accordingly shareholders are
advised to exercise caution when dealing in their Diamondcorp shares until a
further announcement is made.
Rule 2.10 Requirement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers,
Diamondcorp confirms that it currently has in issue 41,086,995 ordinary shares
of 3p each. The International Securities Identification Number for the ordinary
shares is GB00B183ZC46.
Contact:
Paul Loudon
DiamondCorp plc +44 20 7256 2651
Ivonne Cantu/Liz Bowman 020 7397 8900
Cenkos Securities plc
Johannesburg
5 October 2009
Sponsor:Investec Bank 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
one per cent. or more of any class of "relevant securities" of the 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 3.30pm (London time) on
the London business day following the date of the relevant transaction. This
requirement will continue until the date on which any 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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 Company or by the potential offeror, 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 UK Panel on Takeovers and Mergers` (the "Panel")
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.
The Company`s Directors accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Company`s
Directors (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Date: 05/10/2009 08:12:01 Produced by the JSE SENS Department.
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