Shanks Group plc (ticker: SKS.L, exchange: London Stock Exchange (.L))
News Release -
Rule 2.10 Announcement
RNS Number : 1993E
Shanks Group PLC
16 December 2009
Shanks Group Plc
Rule 2.10 announcement - relevant securities in issue
16 December 2009
In accordance with Rule 2.10 of The City Code on Takeovers and Mergers (the 'Code'), Shanks Group Plc ('Shanks' or 'the Group') confirms that, as at 15 December 2009, it had 396,790,642 ordinary shares of 10 pence each in issue. The International Securities Identification Number (ISIN) for these securities is GB0007995243.
In accordance with Rule 19.11 of the Code, a copy of this announcement will be published on Shanks'
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Shanks, all 'dealings' in such 'relevant securities' (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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 Shanks, 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 Shanks by Shanks or 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 Takeover Panel's website at
'Interests in securities' arise, in summary, when a person has long economic exposure, whether absolute or conditional, 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 Panel.
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