Acorn Group PLC - Rule 8 Disclosure

RNS No 8353h
ACORN GROUP PLC

 
Date of disclosure    25 MAY 99

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of dealing 21 MAY 99.

Dealing in ACORN PLC (Name of company)

(1) Class of securities (e.g. ordinary shares) ORDINARY

(2) Amount bought             Amount sold         Price per unit

175,000                            0                  253.5p
52,200                             0                  250p

(3) Resultant total of the same class owned or controlled 
(and percentage of class) 8,631,450 (9.32 % ) 

(4)  Party making disclosure WARBURG DILLON READ

(5) EITHER (a) Name of vendor (Note 1) 
    OR     (b) If dealing for discretionary client(s), name of fund
               management  organisation


(6) Reason for disclosure (Note 2)
    (a) associate of        (i) offeror (Note 3)            NO 
                            (ii)offeree company            YES

     Specify which category or categories of associate (1- 8 overleaf)

      If category (8), explain
     (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
         of the class of relevant securities dealt in)     YES
    
* See attached Rider.


Signed, for and on behalf of the party named in (4) above SENT VIA RNS

(Also print names of signatory) KAREN HALES    MELANIE TITMAN

Telephone and extension number 0171-568 5846

Note 1. Specify owner, not nominee or vehicle company.  If relevant,
also identify controller of owner, e.g. where an owner normally acts on
instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so, state
all reasons
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree compnay in relation to
relevant securities, details of such arrangement must be disclosed, as
required  Note 6 on Rule 8 


For full details of disclosure requirements, see Rule 8 of the Code.  If in
doubt, contact the Panel on Takeovers and Mergers.  Tel No: 0171-382 9026
 


             Warburg Dillon Read Rider 25 May 1999

                  Previous Trading in Acorn PLC

Date  Quantity Bought    Sold  Price per unit Resultant Total Held  % of Class

29 Apr        37,500    18,750       253          7,103,750           7.67

30 Apr        25,500        0        261          7,129,250           7.70

14 May        816,700       0        255.25       7,945,950           8.58

17 May        58,300        0        249
              50,000        0        250
              50,000        0        252
              150,000       0        251          8,254,250           8.91

18 May         50,000       0        249          8,304,250           8.97

19 May         50,000       0        251          8,354,250           9.02

20 May         50,000       0        252          8,404,250           9.07


END

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