Regent Inns PLC - Statement re Possible Offer

RNS Number:7799L
Regent Inns PLC
15 January 2008

15 January 2008

REGENT INNS PLC

Potential offer approaches and trading update

Regent Inns PLC ("Regent Inns" or "the Company") notes the recent increase in
its share price and reports that it has received a number of preliminary
approaches in respect of potential offers for the Company and is in very early
stage discussions with some of these potential offerors. The Board emphasises
that these approaches are at an early stage and may or may not lead to an
offer or offers being made for the entire issued share capital of the Company.

In addition, Regent Inns reports that, since the AGM statement of 3 December
2007, it continues to experience more challenging market conditions against a
background of a difficult consumer market generally.

Any further announcements will be made as appropriate.

In accordance with Rule 2.10 of the City Code Regent Inns confirms that as at
the close of business on 14 January 2008 it has 113,349,499 ordinary shares of
5p each in issue. The ISIN reference for the ordinary shares is GB0007304156.

Enquiries:

Merlin 020 7653 6620
Paul Downes 07900 244 888
Vanessa Maydon 07802 961 902

Dawnay, Day Corporate Finance Limited
Jonathan Garbett 020 7509 2317

Panmure Gordon
Tim Linacre 020 7459 3600

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 Regent Inns, 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 Regent Inns, 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 Regent Inns by a potential offeror or by Regent Inns, 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.

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

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