Result of Tender Offers

RNS Number:6315R
Freedom4 Communications PLC
04 April 2008

4 April 2008





                          FREEDOM4 Communications plc

                                (the "Company")



                   Result of Tender Offers and Tender Price





The Board of the Company today announces the result of the Tender Offers made by
Collins Stewart and the Tender Price.



Tender Price



The Tender Price has been set at 10.39 pence per Ordinary Share (the "Tender
Price").



Result of the Tender Offers



Under the Tender Offers, which closed at 1.00 pm on 3 April 2008, the Company
has received valid tenders in respect of an aggregate of 1,489,775,339 Ordinary
Shares, as follows:


                                                             Ordinary Shares


In respect of First Tender Offer:                              1,459,600,083
                                          
In respect of Second Tender Offer:                                30,175,256

Total                                                          1,489,775,339



Assuming that Collins Stewart exercises the Call Options (see below), (i) the
aggregate consideration payable by the Company under the Tender Offers would be
£154.788 million; (ii) valid tenders were received in respect of 95.8% of the
Ordinary Shares (other than Option Shares and Warrant Shares) comprised in the
Basic Entitlement (being equivalent to 58.0%) of Qualifying Shareholders on the
Record Date; (iii) following completion of the Tender Offers, the Company would
have in issue 1,070,541,017 Ordinary shares.



The Conditions to the Tender Offers have been satisfied and accordingly all the
Ordinary Shares validly tendered in respect of the First Tender Offer will be
purchased by Collins Stewart from Qualifying Shareholders today, 4 April 2008,
by means of an on-market transaction.



The Second Tender Offer remains conditional on the exercise of the Call Options.
  Assuming the exercise by Collins Stewart of the Call Options, the purchase by
Collins Stewart of Ordinary Shares tendered under the Second Tender Offer will
take place no earlier than 7 April 2008 and no later than 4.00 p.m. on 11 April
2008.  A further announcement informing Qualifying Shareholders whether or not
the Call Options are exercised shall be made no later than 4.00 pm on 11 April
2008.



Pursuant to the Tender Offers, Collins Stewart will then sell all of the
Ordinary Shares acquired by it pursuant to the Tender Offers by way of on-market
transaction(s) to the Company, for cancellation, at the Tender Price.



The timing of the despatch of cheques and payments through CREST for
consideration due under the Tender Offers will be dependent upon the timing of
Collins Stewart exercising (or not) the Call Options.  The latest date for such
payment is expected to be 18 April 2008.



For further details, contact:


FREEDOM4 Communications plc                              Tel: [phone]
Mike Read, Chief Executive
Stewart Porter, Finance Director


Collins Stewart, Nomad to the Company                    Tel: [phone]
Hugh Field / Chris Wells


Financial Dynamics                                       Tel: [phone]
Juliet Clarke / Edward Bridges



The definitions used in this announcement are the same as the ones used in the
Circular to Shareholders dated 15 March 2008 (the "Circular").



Collins Stewart Europe Limited, which is authorised and regulated by the
Financial Services Authority, is acting exclusively for FREEDOM4 Communications
plc and no one else in connection with the Tender Offers and will not be
responsible to any person other than the Company for providing the protections
afforded to customers of Collins Stewart Europe Limited or for providing advice
in relation to the Tender Offers or any matter referred to or contained in the
Circular.




                      This information is provided by RNS
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