WFC Watford Leisure

 

TIDMWFC 
 
RNS Number : 3237X 
Watford Leisure PLC 
03 December 2010 
 

 
                              Watford Leisure PLC 
                      ("Watford Leisure" or the "Company") 
 
                     Statement re: Recent Media Speculation 
 
The Board of Watford Leisure notes recent media speculation referencing 
discussions between the largest shareholder in the Company and a potential buyer 
of his shares, which acquisition would then require an offer to be made for the 
Company, and confirms that it is aware of such discussions but they are at a 
very early stage and there can be no certainty that an offer for the Company 
will be forthcoming. 
 
A further announcement will be made in due course. 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 
"Code"), Watford Leisure confirms that it currently has 43,885,693 ordinary 
shares of 1 pence each in issue and admitted to trading on the London Stock 
Exchange under the ISIN reference GB0034301217. 
 
Enquiries: 
 
Watford Leisure PLC 
Tel:  01923 496 000 
Graham Taylor, Chairman 
Julian Winter, Chief Executive Officer 
 
Strand Hanson Limited 
Tel:  020 7409 3494 
Rory Murphy / Matthew Chandler 
 
Disclosure Requirements of the Code: 
 
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any 
class of relevant securities of Watford Leisure or of any paper offeror (being 
any offeror other than an offeror in respect of which it has been announced that 
its offer is, or is likely to be, solely in cash) must make an Opening Position 
Disclosure following the commencement of the offer period and, if later, 
following the announcement in which any paper offeror is first identified. 
 
An Opening Position Disclosure must contain details of the person's interests 
and short positions in, and rights to subscribe for, any relevant securities of 
each of (i) Watford Leisure and (ii) any paper offeror(s). An Opening Position 
Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 
3.30 p.m. (London time) on the 10th business day following the commencement of 
the offer period and, if appropriate, by no later than 3.30 p.m. (London time) 
on the 10th business day following the announcement in which any paper offeror 
is first identified. Relevant persons who deal in the relevant securities of 
Watford Leisure or of a paper offeror prior to the deadline for making an 
Opening Position Disclosure must instead make a Dealing Disclosure. 
 
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% 
or more of any class of relevant securities of Watford Leisure or of any paper 
offeror must make a Dealing Disclosure if the person deals in any relevant 
securities of Watford Leisure or of any paper offeror. A Dealing Disclosure must 
contain details of the dealing concerned and of the person's interests and short 
positions in, and rights to subscribe for, any relevant securities of each of 
(i) Watford Leisure and (ii) any paper offeror, save to the extent that these 
details have previously been disclosed under Rule 8. A Dealing Disclosure by a 
person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. 
(London time) on the business day following the date of the relevant dealing. 
 
If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire or control an interest in relevant 
securities of Watford Leisure or a paper offeror, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
 
Opening Position Disclosures must also be made by Watford Leisure and by any 
offeror and Dealing Disclosures must also be made by Watford Leisure, by any 
offeror and by any persons acting in concert with any of them (see Rules 8.1, 
8.2 and 8.4). 
 
Details of the offeree and offeror companies in respect of whose relevant 
securities Opening Position Disclosures and Dealing Disclosures must be made can 
be found in the Disclosure Table on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk, including details of the number of relevant 
securities in issue, when the offer period commenced and when any offeror was 
first identified. If you are in any doubt as to whether you are required to make 
an Opening Position Disclosure or a Dealing Disclosure, you should contact the 
Panel's Market Surveillance Unit on +44 (0)20 7638 0129. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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