ARC International plc - Statement re Share Price MovementJuly 29, 2009
-- The board of directors of ARC International plc (“ARC” or the “Company”) notes today’s movement in the Company’s share price and confirms that it is in discussions with a third party 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 preliminary stage and there can be no certainty that an offer will be made for ARC 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 154,433,499 ordinary shares of 0.1 pence each in issue and admitted to trading on the London Stock Exchange plc’s market for listed securities under the UK ISIN code GB0009645481.
This announcement will be made available on ARC's website shortly at: www.arc.com