Offer Closed
22 Giugno 2009 - 8:00AM
UK Regulatory
TIDMTLR
RNS Number : 2278U
UKRD Group Limited
22 June 2009
22 June 2009
Recommended mandatory cash offer by
UKRD Group Limited, as advised by Charles Stanley Securities,
for the entire issued and to be issued ordinary share capital of
The Local Radio Company PLC (the "Second Revised Offer")
OFFER CLOSED
Further to the announcement made on 5 June 2009, the Board of UKRD Group Limited
announces that the Second Revised Offer for the entire issued and to be issued
share capital of The Local Radio Company PLC closed at 1:00pm on Friday 19 June
2009.
The UKRD Board is pleased to announce that, as at 1.00 p.m. on 19 June 2009,
valid acceptances of the Second Revised Offer have been received in respect of a
total of 31,020,629 Local Radio Shares, representing approximately 43.08 per
cent. of the existing issued share capital of Local Radio.
UKRD owns 15,234,456 Local Radio Shares, representing approximately 21.16 per
cent. of the existing issued share capital of Local Radio. These Local Radio
Shares when taken together with acceptances of the Second Revised Offer give an
aggregate total number of 46,255,085 Local Radio Shares, representing
approximately 64.24 per cent. of the existing issued share capital of Local
Radio.
Following this, the two largest shareholders in Local Radio are UKRD which own
64.24 per cent. of the issued share capital of Local Radio and Hallwood
Financial Limited owning 28.55 per cent. of the issued share capital of Local
Radio.
For further information, please contact:
+-------------------------------------------------------+---------------+
| Charles Stanley Securities (Financial Adviser to | 020 7149 6000 |
| UKRD) | |
+-------------------------------------------------------+---------------+
| Rick Thompson | |
+-------------------------------------------------------+---------------+
| Philip Davies | |
+-------------------------------------------------------+---------------+
| Carl Holmes | |
+-------------------------------------------------------+---------------+
Charles Stanley Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for UKRD and
no one else in connection with the Second Revised Offer and will not be
responsible to anyone other than UKRD for providing the protections afforded to
its clients or for providing advice in relation to the Second Revised Offer, the
contents of the Second Revised Offer Document or this announcement or any
transaction or arrangement or other matter referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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