CHS Chrysalis

 

TIDMCHS 
 
RNS Number : 3418V 
Chrysalis PLC 
01 November 2010 
 

 Not for release, publication or distribution (in whole or in part) in, into or 
    from any jurisdiction where to do so would constitute a violation of the 
                      relevant laws of such jurisdiction. 
 
 
FOR IMMEDIATE RELEASE 
 
 1 November 2010 
 
                                  Chrysalis plc 
                         Statement re Press Speculation 
 
The board of directors of Chrysalis plc ("Chrysalis" or the "Company") notes the 
recent press speculation regarding the possibility of an offer being made for 
the Company and confirms that it is in early stage discussions with a number of 
parties regarding merger opportunities which may or may not lead to an offer 
being made for the entire issued and to be issued share capital of the Company. 
The discussions are at a very preliminary stage and there can be no certainty 
that an offer will be made for Chrysalis or as to the terms on which any offer 
would be made. 
 
A further announcement will be made if and when appropriate. 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 
"Code"), the Company confirms that it has 67,143,213 ordinary shares of 2 pence 
each in issue and admitted to trading on the London Stock Exchange's market for 
listed securities under the UK ISIN code GB00B28TMS45. 
 
This announcement will be made available on Chrysalis' website shortly at: 
www.chrysalis.com. 
 
                                     -ends- 
 
Enquiries: 
 
+-------------------------------------------+-----------------+ 
|  Chrysalis plc                            |                 | 
| Jeremy Lascelles, Group Chief Executive   |   Tel: 020 7465 | 
| Andy Mollett, Group Finance Director      |            6170 | 
|                                           |   Tel: 020 7465 | 
|                                           |            6321 | 
|                                           |                 | 
+-------------------------------------------+-----------------+ 
| Jefferies                                 |   Tel: 020 7029 | 
| Julian Culhane                            |            8000 | 
| Sarah McNicholas                          |                 | 
|                                           |                 | 
| Brunswick (PR Adviser to Chrysalis)       |   Tel: 020 7404 | 
| Tim Burt & Damia Saidam                   |            5959 | 
|                                           |                 | 
+-------------------------------------------+-----------------+ 
 
Jefferies International Limited, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Chrysalis 
and no one else in connection with the possible offer and accordingly will not 
be responsible to anyone other than Chrysalis for providing the protections 
afforded to clients of Jefferies International Limited nor for providing advice 
in relation to the possible offer or any other matter referred to in this 
announcement. 
 
Dealing Disclosure Requirements 
 
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes 
"interested" (directly or indirectly) in 1% or more of any class of "relevant 
securities" of Chrysalis, all "dealings" in any "relevant securities" of 
Chrysalis (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 p.m. (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 
Chrysalis 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 Chrysalis by the potential offeror, or Chrysalis, 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.takeoverpanel.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 
   END 
 
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