Statement re: share price movementNordAnglia Education PLC05 October 2006 Statement regarding Nord Anglia Education plc ('Nord Anglia') Further to the recent rise in Nord Anglia's share price, Principle Capital Partners Limited ('Principle Capital') which, through Bulldog Financial Limited ('Bulldog'), an investment vehicle which it manages, and together with its concert parties, currently holds a significant interest in the issued share capital of Nord Anglia, announces that it is considering all its options relating to its holding in Nord Anglia which could include an offer being made for the entire issued and to be issued share capital of Nord Anglia. Principle Capital's considerations in respect of any such offer are at a very early stage. Whilst not restricting the price at which any offer might be made, given the present level of Nord Anglia's share price, it is currently unlikely that an offer will be made. No approach has been made to the board of Nord Anglia relating to any such offer. A further announcement will be made as appropriate. 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 Nord Anglia, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 Nord Anglia, 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 Nord Anglia by Principle Capital or Nord Anglia, 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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