🕐17.09.09 - 21:24 Uhr

Hidefield Gold PLC - News Release



Hidefield Gold - News Release ( http://cp20.com/Tracking/t.c?83To-5Que-5CrcK9 ) September 17, 2009 Statement regarding share price movement Hidefield Gold plc ("the Company" or "Hidefield") notes the recent rise in the share price of the Company and confirms that it is in discussions with a third party which may or may not lead to an offer, which would be on an all share basis, being made for the Company.

This announcement has been made with the agreement of the potential offeror.

A further announcement will be made in due course.

In accordance with Rule 2.10 of the Takeover Code, the Company confirms that it has 410,235,511 ordinary shares of 1p each in issue and admitted to trading on the AIM market of the London Stock Exchange under the ISIN reference GB0003644506.

Enquiries: Hidefield Gold Plc Ken Judge, Chairman: + 44 773 300 1002
Investor Relations Jon Bey (North America): + 1 800 689 2599
Hanson Westhouse Limited (Financial Adviser to Hidefield) Tim Feather / Matthew Johnson: + 44 113 246 2610 Hanson Westhouse Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Hidefield and no else in relation to matters described in this announcement and will not be responsible to anyone other than Hidefield for providing the protections afforded to customers of Hanson Westhouse Limited.

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% or more of any class of "relevant securities" of Hidefield, "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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends.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 Hidefield, 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 Hidefield by Hidefield, or by any of its "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 the 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 Panels website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has a 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 Takeover Panels 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 Takeover Panel.

The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe, such restrictions.

Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this announcement or otherwise in any jurisdiction. For more information on Hidefield go to: www.hidefieldgold.com ( http://cp20.com/Tracking/t.c?83To-5Quf-5CrcK0 ) Join our Email List ( http://cp20.com/Tracking/t.c?83To-5Qug-5CrcK1 ) | Home ( http://cp20.com/Tracking/t.c?83To-5Quh-5CrcK2 ) | Corporate ( http://www.hidefieldgold.com/s/CorporateInfo.asp ) | News ( http://www.hidefieldgold.com/s/NewsReleases.asp ) | Projects ( http://www.hidefieldgold.com/s/MineralProperties.asp ) | Investors ( http://www.hidefieldgold.com/s/InvestorInfo.asp ) | Contact ( http://www.hidefieldgold.com/s/ContactUs.asp ) | You are subscribed to this newsletter as .

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