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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldshield Grp | LSE:GSD | London | Ordinary Share | GB0002893823 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 486.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGSD RNS Number : 5124Z Midas Bidco Limited 23 September 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION FOR IMMEDIATE RELEASE 22 September 2009 Goldshield Management Team: possible offer for Goldshield Group plc The management team of Goldshield Group plc ("Goldshield"), comprising the executive directors of Goldshield, Rakesh Patel, Kirti Patel, Ram Swamy and Ajay Patel, ("the Management Team"), notes the announcement on 21 September 2009 by Goldshield. The Management Team can confirm it has secured the backing of investment funds managed by HGCapital LLP to provide equity funding for any possible offer, has final credit approval from a consortium of lenders and confirms that any possible offer will be in excess of 440p per share. The Management Team continues to urge shareholders to take no action in respect of the offer by AIT. This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Takeover Code and there can be no certainty that any offer will ultimately be made for Goldshield nor as to the terms and conditions on which any offer might be made. +--------------------------------------------------+-------------------------+ | | +--------------------------------------------------+ | Enquiries: | | +--------------------------------------------------+-------------------------+ | HGCapital | | +--------------------------------------------------+-------------------------+ | Lindsay Dibden | Tel: 020 7089 7888 | | Philipp Schwalber | Tel: 020 7089 7888 | | | | +--------------------------------------------------+-------------------------+ | Ernst & Young (Financial Adviser to the | | | Management Team) | | +--------------------------------------------------+-------------------------+ | Tim Medak | Tel: 020 7951 2000 | | Ken Williamson | Tel: 020 7951 2000 | | | | +--------------------------------------------------+-------------------------+ | Altium Capital Limited (Broker to the Management | | | Team) | | +--------------------------------------------------+-------------------------+ | Stephen Georgiadis | Tel: 0207 484 4040 | | Tim Richardson | Tel: 0207 484 4040 | | | | +--------------------------------------------------+-------------------------+ | Maitland | | +--------------------------------------------------+-------------------------+ | Neil Bennett | Tel: 020 7379 5151 | | | | +--------------------------------------------------+-------------------------+ | Enquiries: | | +--------------------------------------------------+-------------------------+ | HGCapital | | +--------------------------------------------------+-------------------------+ | Lindsay Dibden | Tel: 020 7089 7888 | | Philipp Schwalber | Tel: 020 7089 7888 | | | | +--------------------------------------------------+-------------------------+ | Ernst & Young (Financial Adviser to the | | | Management Team) | | +--------------------------------------------------+-------------------------+ | Tim Medak | Tel: 020 7951 2000 | | Ken Williamson | Tel: 020 7951 2000 | | | | +--------------------------------------------------+-------------------------+ | Altium Capital Limited (Broker to the Management | | | Team) | | +--------------------------------------------------+-------------------------+ | Stephen Georgiadis | Tel: 0207 484 4040 | | Tim Richardson | Tel: 0207 484 4040 | | | | +--------------------------------------------------+-------------------------+ | Maitland | | +--------------------------------------------------+-------------------------+ | Neil Bennett | Tel: 020 7379 5151 | | | | +--------------------------------------------------+-------------------------+ Dealing Disclosure Requirements: Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Goldshield, 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 Goldshield 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 Goldshield by the Management Team or Goldshield, 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 http://www.thetakeoverpanel.org.uk/new/. "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. Ernst & Young LLP, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Management Team and no one else in connection with subject matter of this announcement and will not be responsible to anyone other than the Management Team and for providing the protections afforded to the clients of Ernst & Young LLP, or for giving advice in relation to the subject matter of this announcement. Altium Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Management Team and no one else in connection with subject matter of this announcement and will not be responsible to anyone other than the Management Team and for providing the protections afforded to the clients of Altium Capital Limited, or for giving advice in relation to the subject matter of this announcement. This information is provided by RNS The company news service from the London Stock Exchange END OUPCKNKKOBKKDCB
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