REG - Network Intnl Hldgs - Transfer of Treasury Shares & 2.9 Announcement

Network International HoldingsAnnouncement

16/09/2024 07:00

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RNS Number : 2305E  Network International Holdings PLC  16 September 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

16 September 2024

Network International Holdings Plc ("Network")

Transfer of Treasury Shares

and Rule 2.9 Announcement

Pursuant to UK Listing Rule 9.8.2, Network confirms that 1,104,230 ordinary
shares of 10 pence each were transferred on 13 September 2024 from treasury to
Diagonal Nominees Limited (to hold on behalf of Ocorian Limited as trustee of
the Network International Employee Benefit Trust) for nil consideration to
satisfy awards under Network's employees' share schemes.

Network's issued share capital as at close of business on 13 September 2024
consisted of 533,852,823 ordinary shares of 10 pence each, of which 3,895,770
ordinary shares are held in treasury, leaving a balance of 533,852,823 shares
with voting rights of one vote per share. The latter figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in Network, under the Disclosure Guidance and Transparency
Rules.

In accordance with Rule 2.9 of the City Code on Takeover and Mergers (the
"Code"), Network confirms that, as at the date and time of this announcement,
it had in issue 533,852,823 shares of 10 pence each (excluding ordinary shares
held in treasury). The International Securities Identification Number (ISIN)
for the ordinary shares of Network is GB00BH3VJ782.

END

Enquiries:

 Network International Holdings Plc  InvestorRelations@Network.Global

 Jay Razzaq (Company Secretary)

 

 

Disclosure Requirements

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 securities
exchange 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 securities
exchange 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 securities exchange
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 securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of the
offeree company or of a securities exchange 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
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange 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 securities exchange offeror(s), 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 securities exchange 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 www.thetakeoverpanel.org.uk (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 +44 (0) 207 638 0129 if you
are in any doubt as to whether you are required to make an Opening Position
Disclosure or a Dealing Disclosure.

 

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