The
MTL Instruments Group plc
8 January 2008
The MTL Instruments Group plc - Rule 2.10 Disclosure
In accordance with Rule 2.10 of the City Code on Takeovers
and Mergers, The MTL Instruments Group plc ("MTL")
confirms that it has 19,617,673 ordinary shares of 10 pence
each in issue, being relevant securities of MTL for the purpose
of Rule 2.10 of the City Code on Takeovers and Mergers.
The International Securities Identification Number (ISIN)
for MTL's ordinary shares is GB0005507768.
Enquiries:
The MTL Instruments Group plc Tel: 01582 407534
Graeme Philp - Chief Executive
Bill Greenhalgh - Finance Director
Arden Partners plc Tel: 020 7398 1632
Richard Day
Adrian Trimmings
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the City Code, if any
person is, or becomes, "interested" (directly or
indirectly) in 1 per cent. or more of any class of "relevant
securities" of MTL, all "dealings" in any "relevant
securities" of MTL (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 p.m. (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withdrawn or on which the "offer period" otherwise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
MTL, 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 City Code, all "dealings"
in "relevant securities" of MTL by the offeror or
MTL, 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
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