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Real-Time news about Trl Elec (London Stock Exchange): 0 recent articles
|advfn_1: RNS Number:1457A TRL Electronics plc 21 March 2006
TRL Electronics plc 21 March 2006
TRL Electronics plc ("TRL" or "the Company")
Statement regarding share price movement
The board of the Company notes the recent share price movement and announces that it has received a preliminary approach from a third party that may or may not lead to an offer being made for the Company. There can be no certainty that
an offer will be made. A further announcement will be made as appropriate.
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 1% or more of any class of "relevant securities" of TRL, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 TRL, 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 TRL by TRL, or by any of its "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.
Disclosure in accordance with Rule 2.10 of the City Code:
In accordance with Rule 2.10 of the City Code, TRL confirms that it has in issue and admitted to trading on the AIM market of the London Stock Exchange 24,916,686 ordinary shares of one penny each under the ISIN code GB00B01NP247.|
|diogenesj: The buys and sells are just the ADVFN computer's guess, C. I wouldn't attach too much importance to them. It's the way the share price is moving that counts.|
|kenmill: SCSW state that they have sold the portfolio holding because the share price is treading water but repeat the good news from the AGM. Given they have made 48% on the share, they advise taking "some profits". Not quite a sell recommendation.|
|m.t.glass: Take no notice of advfn chart above today - all advfn chart and other data in a mess.
Share price (I think!) is 212-217p up 10p.
Hope the charts come right on Monday, and that chart history for today is then corrected|
|bangor: Share price on the move again.|
|ilostamillion: Comments in Investors Chronicle and Shares Magazine within the month watch this space.
I don't call a 10p drop on light selling a collapse in the share price, give us a break company was only floated in July.|
Trl Electronics share price data is direct from the London Stock Exchange