I don't think you're right. AFAIK our shares aren't traded on a regulated market.....

3 COMPANIES, TRANSACTIONS AND PERSONS SUBJECT
TO THE CODE
This section (except for sections 3(d) and (e)) sets out the rules as to the
companies, transactions and persons to which the Code applies.

(a) Companies
(i) UK, Channel Islands and Isle of Man registered and traded companies
The Code applies to all offers for companies (including, where appropriate,
statutory and chartered companies and UK Societas) which have their registered
offices* in the United Kingdom, the Channel Islands or the Isle of Man if any of their securities are admitted to trading on a UK regulated market or a UK multilateral trading facility# or on any stock exchange in the Channel Islands or the Isle
of Man.

(ii) Other companies
The Code also applies to all offers (not falling within paragraph (i) above) for
public and private companies† (and, where appropriate, statutory and chartered
companies and UK Societas) which have their registered offices* in the United
Kingdom, the Channel Islands or the Isle of Man and which are considered by
the Panel to have their place of central management and control in the United
Kingdom, the Channel Islands or the Isle of Man, but in relation to private
companies only when:

(A) any of their securities have been admitted to trading on a UK regulated
market or a UK multilateral trading facility# or on any stock exchange in the
Channel Islands or the Isle of Man at any time during the 10 years prior to the
relevant date; or

(B) dealings and/or prices at which persons were willing to deal in any of their securities have been published on a regular basis for a continuous period of
at least six months in the 10 years prior to the relevant date, whether via a
newspaper, electronic price quotation system or otherwise; or

(C) any of their securities have been subject to a marketing arrangement as
described in section 693(3)(b) of the Act at any time during the 10 years prior
to the relevant date; or

(D) they have filed a prospectus for the offer, admission to trading or issue of
securities with the registrar of companies or any other relevant authority in
the United Kingdom, the Channel Islands or the Isle of Man (but in the case
of any other such authority only if the filing is on a public record) at any time
during the 10 years prior to the relevant date.

In each case, the relevant date is the date on which an announcement is made
of a proposed or possible offer for the company or the date on which some other
event occurs in relation to the company which has significance under the Code.

Posted By: JD3, Feb 13, 20:54:40