Titan International Inc. wishes to draw to the attention of its shareholders certain disclosure requirements applicable to the possible offer by Titan International for Titan Europe plc, which was announced July 17, 2012.
(See "Will Titan International buy Titan Europe?")
The requirements are set out in Rule 8 of the UK City Code on "Takeovers and Mergers," which is published and administered by the Takeover Panel. In particular, Rule 8.3 requires that any person who is interested (directly or indirectly) in 1% or more of any class of relevant securities of any party to the offer must make (a) an Opening Position Disclosure and (b) a Dealing Disclosure if he deals in any relevant securities of any party to the offer during an offer period.
The Titan International shares (Titan's common stock is traded on the New York Stock Exchange) are relevant securities for the purposes of the possible offer, according to Titan.
Further information about the Takeover Panel’s disclosure regime is available at www.thetakeoverpanel.org. If you have any questions, the Takeover Panel’s Market Surveillance Unit can be contacted on +44(0)20 7638 0129.
