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SIL Silverjet

13.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Silverjet LSE:SIL London Ordinary Share GB00B1443S31 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stmnt re Share Price Movement

10/04/2008 8:01am

UK Regulatory


RNS Number:0305S
Silverjet PLC
10 April 2008


10 April 2008

                          Silverjet plc ("Silverjet")

                            Movement in Share Price


Silverjet notes the recent increase in its share price.

The Company is currently in discussions which may or may not lead to an offer
for the issued share capital of the Company.

A further announcement will be made when appropriate.


                                    - ends -


For further information, please contact:

Silverjet                                              020 7357 9477
Lawrence Hunt, Chief Executive

Hogarth Partnership Limited                            020 7357 9477
Fiona Noblet
Sarah Richardson

Arden Partners                                         020 7398 1638
Chris Fielding
Tom Fyson


Dealing disclosure requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"City Code"), if any person is, or becomes, "interested" (directly or
indirectly) in 1 per cent. or more of any class of "relevant securities" of
Silverjet, all "dealings" in any "relevant securities" of Silverjet (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 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declared unconditional as to acceptances, lapses or is otherwise withdrawn or on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 Silverjet, 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 City Code, all "dealings" in "relevant
securities" of Silverjet by Silverjet or the 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 (the "Panel") website at
www.thetakeoverpanel.org.uk. If you are in any doubt as to the application of
Rule 8, please consult an independent financial adviser authorised under the
Financial Services and Markets Act 2000 and/or consult the Takeover Panel on
telephone number +44 20 7638 0129; fax +44 20 7236 7013.

Disclosure in accordance with Rule 2.10 of the City Code:

Silverjet's ordinary shares are traded on AIM, a market of the London Stock
Exchange Plc, with ISIN No GB00B144351

Silverjet confirms that it has in issue 64,444,444 ordinary shares of £0.01
each.

"Interests in securities" arise, in summary, when a person has a 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 City 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.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE SOLICITATION OF ANY VOTE
OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUE OR TRANSFER
OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION IN
CONTRAVENTION OF APPLICABLE LAW.

The Board accepts responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the Board, who have
taken all reasonable care to ensure that this is the case, such information is
in accordance with the facts and does not omit anything likely to affect the
import of such information. This announcement does not constitute an offer or
invitation to purchase or subscribe for any securities.

Arden Partners, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Silverjet and for no one
else in connection with the matters referred to in this announcement and is not
advising any other person or treating any other person as its client in relation
thereto and will not be responsible to anyone other than Silverjet for providing
the protections afforded to clients of Arden Partners, or for giving advice to
any other person in relation to any matter or arrangement referred to in this
announcement.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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