Dispatch of Offer Document

 

TIDMPNE 
 
RNS Number : 7128N 
Preston North End PLC 
16 June 2010 
 

Not for release, publication or distribution in whole or in part in or into the 
United States, Canada, Australia or Japan or any jurisdiction if to do so would 
        constitute a violation of the relevant laws of such jurisdiction. 
 
                              Preston North End plc 
                     ("Preston North End" or the "Company") 
 
Mandatory Offer under Rule 9 of the City Code, by way of Cash Offer, to acquire 
           shares in PNE to be made by Deepdale PNE Holdings Limited. 
 
                           Dispatch of Offer Document 
 
On 4 June 2010, it was announced that under Rule 9 of the City Code on Takeovers 
and Mergers (the "Code"), as Deepdale PNE Holdings Limited ("DPNE") held more 
than 29.9% of the issued share capital of the Company, DPNE was obliged to make 
a mandatory unconditional offer for the Ordinary Shares not already held by it 
at a price of 5 pence per Share in cash, being a price not less than the highest 
price paid for the Shares by DPNE, in the 12 months prior to the announcement of 
such mandatory offer (the "Offer"). 
 
The Company is able to confirm that an Offer Document setting out the full terms 
of the Offer (the "Offer Document") has today been dispatched to shareholders. 
The Offer Document also incorporates a circular from the board of Preston North 
End (together the "Document") 
 
In accordance with Rule 19.11 of the Code and Rule 26 of the AIM Rules for 
Companies, a copy of the Document will be published, subject to certain 
restrictions relating to persons resident in any Restricted Jurisdiction (as 
defined in the Offer Document), on the Preston North End website at 
http://www.pnefc.net/page/companydetails by no later than 12 noon on 17 June 
2010 and will also be available during the course of the Offer. 
 
The Document can be inspected at the offices of Halliwells LLP at 1 Threadneedle 
Street, London, EC2R 9AY, during normal business hours and further copies can be 
obtained from Equiniti Limited, Aspect House, Spencer Road, Lancing, West 
Sussex, BN99 6DA. 
 
The Offer will initially remain open until 1.00pm on 7 July 2010. 
 
For further information please contact: 
 
+-------------------------------+-------------------------------+ 
| Paul Newsham, Preston North   | Tel: [phone]            | 
| End plc                       |                               | 
+-------------------------------+-------------------------------+ 
| Katy Mitchell, WH Ireland     | Tel: [phone]            | 
| Limited                       |                               | 
+-------------------------------+-------------------------------+ 
 
 
 
DEALING DISCLOSURE REQUIREMENTS 
Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or 
more of any class of "relevant securities" of Preston North End must make an 
"Opening Position Disclosure" following the commencement of the Offer Period. 
An "Opening Position Disclosure" must contain details of the person's 
interests and short positions in, and rights to subscribe for, any relevant 
securities of Preston North End. An "Opening Position Disclosure" by a person 
to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London 
time) on the 10th business day following the commencement of the Offer Period. 
Relevant persons who deal in the relevant securities of Preston North End prior 
to the deadline for making an "Opening Position Disclosure" must instead make 
a "Dealing Disclosure". 
 
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 
per cent. or more of any class of relevant securities of Preston North End must 
make a "Dealing Disclosure" if the person deals in 
any "relevant securities" of Preston North End. A "Dealing Disclosure" must 
contain details of the dealing concerned and of the person's interests and short 
positions in, and rights to subscribe for, any relevant securities of Preston 
North End, save to the extent that these details have previously been disclosed 
under Rule 8. A "Dealing Disclosure" by a person to whom Rule 8.3(b) applies 
must be made by no later than 3.30 p.m. (London time) on the business day 
following the date of the relevant dealing. 
 
If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire or control an interest in relevant 
securities of Preston North End, they will be deemed to be a single person for 
the purpose of Rule 8.3. 
 
"Opening Position Disclosures" must also be made by Preston North End and by 
Deepdale and "Dealing 
Disclosures" must also be made by Preston North End and Deepdale and by any 
persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details 
of the companies in respect of whose relevant securities "Opening Position 
Disclosures" and "Dealing Disclosures" must be made can be found in the 
Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, 
including details of the number of relevant securities in issue, when the Offer 
Period commenced. If you are in any doubt as to whether you are required to make 
an "Opening Position Disclosure" or a "Dealing Disclosure", you should 
contact the Panel's Market Surveillance Unit on [phone]. 
 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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