IDO Idmos

RNS Number:0194P
IDMoS plc
29 February 2008


For Immediate Release                                        29 February 2008

                                   IDMoS plc


   Update on financial position of the Company, suspension of trading in the
                 Company's shares on the London Stock Exchange

IDMoS plc (AIM: IDO) ('IDMoS' or the 'Company'), the specialist in disease detection 
and monitoring technology, announces that while it will continue its commercial 
operations for a short period beyond 1 March, in order to continue its attempts 
to secure a transaction, trading in its equity securities on the London Stock 
Exchange will be suspended with immediate effect.  This is further to the Company's 
announcement on 20 February 2008 in which it stated that it did not have sufficient 
funds to finance its operations beyond 1 March 2008, in the absence of any additional 
capital from a financing, a corporate transaction or an alternative form of 
funding.

Discussions currently being held with a number of interested parties concerning
a range of possible transactions are progressing such that, following advice,
the Directors have decided the Company should continue its operations for a
short period to attempt to secure a transaction, which may include an offer for
the entire share capital of the Company. While discussions with potential
counter parties have progressed, the Directors reconfirm that they 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.

As a result of the above financial uncertainty, the Directors have requested
that trading in the Company's shares be suspended, pending further updates from
the Company as discussions progress.


The City Code on Takeovers and Mergers

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."


For further information please call:

IDMoS plc                                                       01382 598 440
John Pool / Graham Lay

Buchanan Communications                         0131 226 6150 / 020 7466 5000
Diane Stewart/Tim Anderson/
James Montgomerie

Nomura Code Securities                                          020 7776 1200
Charles Walker / Giles Balleny







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

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