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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Food & Drink Gp | LSE:FDG | London | Ordinary Share | GB00B0WYV516 | 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% | 9.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 9192W Food & Drink Group (The) PLC 17 June 2008 THE FOOD AND DRINK GROUP PLC ("FDG" or the "Company") Statement re Suspension of Trading and Rule 2.10 Announcement The Company notes the recent fall in its share price. Following the continuation of challenging trading conditions, FDG confirms that it is in discussions with providers of finance to procure sufficient additional funding to secure the immediate future of the business. There can be no guarantee however that these discussions will lead to a favourable outcome for FDG. Due to the uncertainty surrounding the outcome of the discussions referred to above, the Company has today requested that the trading of its ordinary shares be suspended with immediate effect. FDG also confirms that it is in discussions with several other parties which may lead to either the reverse takeover of another business in the leisure sector for the consideration of shares in the Company, or may or may not lead to an Offer for the Company. Further updates will be provided in due course. In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, FDG confirms that as at the close of business on 16 June 2008 its issued share capital consisted of 5,672,125 ordinary shares of 1p each. 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 FDG, 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 FDG, 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 FDG by FDG, 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. Enquiries: The Food & Drink Group plc: Stephen Thomas (Chairman) 020 7349 4440 James Kowszun (Chief Executive) Steve Smith (Finance Director) College Hill (Financial PR Advisers) Justine Warren 020 7457 2020 KBC Peel Hunt (Nominated Adviser and Broker) Capel Irwin / Matt Goode 020 7418 8900 This information is provided by RNS The company news service from the London Stock Exchange END SRSEADKXFLLPEFE
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