Stmnt re Share Price Movement


 

TIDMCGNY 
 
RNS Number : 1752N 
Cagney PLC 
11 February 2009 
 

Cagney plc 
 ("Cagney" or the "Company") 
 
 
Statement re. Share Price Movement 
 
 
The Board of Cagney notes the relatively high volume of recent trades in the 
Company's shares and the associated increase in the Company's share price.  The 
Board confirms that it is currently undertaking a strategic review and assessing 
a number of options.  In particular, the Board has received a preliminary 
approach regarding a possible offer for the Company.  The Board of the Company 
wishes to stress that the approach and the resulting discussions are at an early 
stage and there can be no certainty that an offer will be made for the Company, 
or as to the terms on which any offer might be made. 
 
 
A further announcement will be made as and when appropriate. 
 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the 
Company confirms that it has 218,296,932 ordinary shares of 1 penny each in 
issue. 
 
 
The ISIN reference for these securities is GB00B0R80514. 
 
 
ENDS 
 
 
Enquiries: 
Cagney Plc                                  Tel: 020 7637 4198 
Steve Mattey, Chief Executive 
Patrick Oram, Chief Financial Officer 
Smith & WilliamsonTel: 0117 376 2213 
Nick Reeve 
David Abbott 
 Dealing disclosure requirements 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (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 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 3.30pm (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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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 the Company or by the Company or by any of its 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 price or 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 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. 
 
 
11 February 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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