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Thursday 10 September, 2009

Central Afr. Min&Exp

Rule 2.10 Announcement

RNS Number : 8559Y
Central African Mining&Exploration
10 September 2009
 

FOR IMMEDIATE RELEASE

Central African Mining & Exploration Company plc

('CAMEC' or the 'Company')

Rule 2.10 announcement

Following the recent issue of shares announced on 4 September 2009, CAMEC confirms, in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, confirms that it has 2,870,932,753 ordinary shares of 0.1 pence each in issue and admitted to trading on the AIM Market of the London Stock Exchange under the UK ISIN code GB0031253643.


Contacts:


Jonathan Wright

Seymour Pierce Limited     020 7107 8000


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of CAMEC, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 CAMEC, 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 CAMEC by the offeror or CAMEC, 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.'


Seymour Pierce Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to CAMEC and no one else in connection with this announcement and will not be responsible to anyone other than CAMEC for providing the protections afforded to clients of Seymour Pierce or for providing advice in connection with this announcement or any other matter referred to herein.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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