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[According to posters on various messageboards, it was reported that Flavio Briatore will be talking to the press today re QPR at 1pm (London time)]
QPR Official Site - CLUB STATEMENT Posted on: Fri 24 Aug 2007
QPR Holdings Limited - Statement in respect of a possible offer
Following the recent comments in the press, the Board of QPR announces that it is engaged in discussions with a number of parties that may or may not lead to an offer being made for the entire issued share capital of the Company.
The Board will advise shareholders of any further significant developments.
For enquiries, contact: QPR Holdings Limited, Gianni Paladini, Director, 020 8743 0262 / 020 8740 2525. QPR
OFFICIAL SITE STATEMENT UPDATED TO INCLUDE
Relevant Securities in Issue
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, QPR confirms that as at the close of business on 23 August 2007 it had 100,000,000 ordinary shares of 1 pence each in issue.
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 per cent. or more of any class of 'relevant securities' of QPR, 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until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 QPR, 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 QPR by QPR or by the potential offeror, or by any of their respective 'associates', must be disclosed by no later than 12.00noon (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. QPR Official Site
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2007
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August
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- Ex-QPRs Signing for New Clubs: Santos and Cochrane
- Ian Holloway on Martin Allen Sacking...Ray Jones D...
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- After Many Months QPR's Tony Roberts Finally No Lo...
- Additional Report but Not Yet an Announcement
- Ex-QPR Paul Furlong Still Enjoying His Football
- Further Board Departures
- QPR International Call Ups
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- Bircham, Curtis and Paul Parker on Ray Jones (Birc...
- Looking to Saturday
- Eccelstone and Briatore - Profiles
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- Bernie Ecclestone on Investing in QPR
- QPR Takeover - Ecclestone and Briatore in Joint Co...
- Ray Jones Remembered by Joe Gallen, Gary Waddock, ...
- Ray Jones Update: Minute of Applause...FIFA's Sepp...
- Dexter Blackstock on Being in the U-21 Squad and Q...
- Nostalgia: 40 Years Ago Victory and Topped Divisio...
- Local Account of the Crash and All the Victims
- Bernie Ecclestone Reportedly Confirms Has Discusse...
- Former QPR Youth Coach Joe Gallen Remembers and Ta...
- Reported Briatore Philosophy re Running QPR
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- Colchester Remember Nearly Signing Ray Jones As Y...
- QPR Remember and Honour Ray Jones - Retire His #31...
- PFA Tribute to QPR's Ray Jones
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- Nardiello Again in the Welsh Squad
- Tributes and Kind Words Pour In...No Date Yet for ...
- QPR's Briatore Takeover - One Supposedly Involved
- Ray Jones RIP- Additional Tributes, Reports, Memories
- Expressions of Condolences
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- Briatore and QPR - Further Details on Takeover Sta...
- The Potential QPR Takeover - Who's Possibly Involved
- Burnley Preview QPR...QPR Preview Burnley...
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- Briatore Confirms QPR Interest...But Denies QPR Deal
- Briatore Earlier Today - No QPR Deal Completed
- Briatore to Make Statement on QPR
- Statement by QPR Holdings re "Possible Offer"
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- re Briatore QPR Buy and Avoiding Administration
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