Rule 2.10 Announcement

 

TIDMSAM 
 
RNS Number : 8735S 
Syndicate Asset Management PLC 
27 May 2009 
 
Syndicate Asset Management Plc 
 
 
Rule 2.10 
 
 
Relevant Securities in Issue 
 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, 
Syndicate Asset Management plc confirms that it has 647,579,042 ordinary shares 
of 0.2 pence each in issue. The International Securities Identification Number 
for the ordinary shares is GB00B0GR9291. 
 
 
 
 
Enquiries : 
 
 
Syndicate Asset Management plc 
David Pinckney                 (Chairman) Tel: [phone] 
Jonathan Freeman           (Interim Joint CEO) 
Peter Dew                    (Interim Joint CEO) 
 
 
Cenkos Securities 
Stephen KeysTel: 020 7397 8900 
 
 
 
 
 
 
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 the Company, all "dealings" in any 
"relevant securities" of the 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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 the Company, 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 Company by the offeror or the offeree company, 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 
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." 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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