Can anyone give a good reason for the offer price being increased when officially there is no news?

Have you seen the announcement on UK-WIRE. Proposed consolidation and issue
of 34 million shares. I suspected something like this was afoot. thats why I
sold out or ashould I say chickened out.

2nd DEC 3.26pm - over 27 million share buys and 1 million sells. Why has the price not moved ? Anybody know.