IDO Idmos

RNS Number:4160O
IDMoS plc
20 February 2008


For Immediate Release                                           20 February 2008

                           IDMoS plc (the "Company")
                                     Update

IDMoS plc (AIM: IDO) ('IDMoS' or the 'Group'), the specialist in disease
detection and monitoring technology, announces that with current capital
resources, and in the absence of additional capital from a financing, a
corporate transaction or an alternative form of funding, the Board estimates the
Company's current reserves will finance the Company's operations until 1st March
2008.

Since the Company's announcement on 8th February that it was contemplating a
range of transactions with a private, profitable company, the Company's
Directors have identified a number of potential opportunities to release value
for the Company's shareholders. The Directors are actively pursuing all such
opportunities including seeking buyers for the entire issued share capital of
the Company, although there can be no certainty that an offer or any other
transaction will be forthcoming.

The City Code on Takeovers and Mergers (the "City Code")


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 IDMoS plc, 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acceptances, lapses or is otherwise withdrawn or on which the "offer period"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
IDMoS plc, 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 IDMOS plc by IDMoS plc 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."


ENDS


For further information please contact:
IDMoS plc                                                        01382 598440
Graham Lay, Chief Executive Officer

Buchanan Communications
Diane Stewart                                             +44 (0)131 226 6150
Tim Anderson                                              +44 (0)207 466 5000
James Montgomerie                                         +44 (0)131 225 9864



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

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