Water Hall Group plc : Rule 2.10 Announcement

Investor relations & Rule 26 News Rule 2.10 Announcement

Water Hall Group Plc
Rule 2.10 Announcement
RNS Number : 6689I
Water Hall Group Plc
05 July 2013

FOR IMMEDIATE RELEASE

5 July 2013

Water Hall Group plc
("Water Hall" or "the Company")
Rule 2.10 announcement

As announced on 28 June 2013 in accordance with Rule 2.10 of the Code, Water Hall confirms that, as of the date of the announcement, it has in issue 79,638,755 ordinary shares of one pence each (excluding ordinary shares held in treasury). The International Securities Identification Number ("ISIN") number of the ordinary shares is GB0009418194.

In addition, the Company has in issue an unlisted 200,000 Convertible Loan Note convertible at any time up to 16 October 2015 into up to a maximum of 8,000,000 new Ordinary Shares at a conversion price of 2.5p per new ordinary share.

The attention of shareholders is drawn to the disclosure requirements of Rule 8 of the City Code on Takeovers and Mergers (the "Code"), which are summarised below.

Enquiries:

Water Hall Group plc
Raschid Abdullah (Chairman)

Tel: [phone]
Beaumont Cornish Limited
Roland Cornish
Michael Cornish
Tel: [phone]

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 an offeree company 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) the offeree company 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 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (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 the offeree company 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 the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company 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) the offeree company 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 pm (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 an offeree company 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 the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, 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 http://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. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Beaumont Cornish Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Water Hall and for no one else in connection with the possible offer and will not be responsible to anyone other than Water Hall for providing the protections afforded to clients of Beaumont Cornish Limited nor for providing advice in relation to the possible offer or any other matters referred to in this announcement.

A copy of this announcement will be available on the website of the Company at http://www.waterhallgroupplc.com

ENDS

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