Notice of cancellation of trading

    RNS Number : 4990H
  SPG Media Group Plc
  05 November 2008
   


    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN


    5 NOVEMBER 2008


    SPG Media Group Plc ("SPG Media")

    Notice of cancellation of trading of securities on AIM 

    On 6 October 2008, Progressive Capital Limited ("Progressive") announced the terms of a recommended cash offer for the entire issued and
to be issued share capital of SPG Media at a price of 13 pence per SPG Media Share. The formal offer document containing details of the
offer was posted to SPG Media shareholders on 6 October 2008 (the "Offer Document").

    Pursuant to this morning's announcement declaring the recommended cash offer unconditional in all respects, SPG Media has notified the
London Stock Exchange that it wishes to cancel the admission of SPG Media Shares to trading on AIM.

    The cancellation of trading of SPG Media shares on AIM is expected to take effect at 7.00 a.m. on 4 December 2008, being not less than
20 business days from the date of the notice submitted to the London Stock Exchange.

    Terms used in this announcement shall have the same meaning given to them in the Offer Document, unless the context requires otherwise.

    Appointment and resignation of directors

    In addition, SPG Media announces the appointment of Michael Danson (45) and Simon Pyper (42), effective from the release of the
announcement declaring the offer wholly unconditional.  As at 1.00 p.m. on 4 November 2008, Progressive owns or has received valid
acceptances for 79,588,511 shares in SPG Media representing approximately 92.7% of the existing issued share capital of SPG Media.  Michael
Danson and Simon Pyper are directors of Progressive which itself is wholly owned by Michael Danson.

    Michael Danson has been a director of the following companies within the last five years:

 Name                                              Further details

 Estel Property Investments Limited
 New Statesman Limited
 Progressive Capital Limited
 Business Insights Limited                         Resigned
 Business Review Limited                           Resigned
 Butler Direct Limited                             Resigned
 Butler Research Group Limited                     Resigned
 Butler Research Limited                           Resigned
 Computerwire Limited                              Resigned
 Datamonitor Limited (previously Datamonitor plc)  Resigned
 Datamonitor Secretaries Limited                   Resigned
 Datamonitor Trustee Limited                       Resigned
 Ebenchmarkers Limited                             Resigned
 Orbys Consulting Limited                          Resigned
 Ovum Est Limited                                  Resigned
 Ovum Europe Limited                               Resigned
 Ovum Farnham Limited                              Resigned
 Ovum Limited                                      Resigned
 Research for Libraries Limited                    Resigned
 Techmark Research Limited                         Resigned
 Verdict Research Limited                          Resigned

    Simon Pyper has been a director of the following companies within the last five years:

 Name                                              Further details
 Estel Property Investments Limited
 Estel Investments Limited
 New Statesman Limited
 Progressive Capital Limited
 Progressive Media Group Limited
 Dewberry Redpoint Limited
 ETP Limited
 Office Solutions Media Limited
 Progressive Media Markets Limited
 Progressive Media Publishing Limited
 Redpoint Marketing Limited
 Progressive Titles Limited
 Budgens Stores Limited                            Resigned
 Budgens Quest Limited                             Resigned
 Bishop's Group Limited                            Resigned
 Budgens Holdings Limited                          Resigned
 Budgens Card Services Limited                     Resigned
 Budgens Distribution Services Limited             Resigned
 Budgens Nominees Limited                          Resigned
 Carter and Son (Faringdon) Limited                Resigned
 L.C. Seward & Sons Limited                        Resigned
 Local Convenience Stores Limited                  Resigned
 Murdoch Norton Limited                            Resigned
 Teleshop Direct Limited                           Resigned
 Teleshop Trade Limited                            Resigned
 Linnco Limited                                    Resigned
 Neighbourhood Stores plc                          Resigned
 Teleshop Services Limited                         Resigned
 Budgens Jupiter Limited                           Resigned
 Londis Developments Limited                       Resigned
 Budgens Property Investments Limited              Resigned
 Business Insights Limited                         Resigned
 Business Review Limited                           Resigned
 Butler Direct Limited                             Resigned
 Butler Research Group Limited                     Resigned
 Butler Research Limited                           Resigned
 Datamonitor Limited (previously Datamonitor plc)  Resigned
 Datamonitor Secretaries Limited                   Resigned
 Datamonitor Trustee Limited                       Resigned
 Ebenchmarkers Limited                             Resigned
 Research for Libraries Limited                    Resigned
 Verdict Limited                                   Resigned

    Stephen Davidson, Keith Sadler, Christopher Haines and Adrian Howe have resigned as directors of SPG Media, effective from the release
of the announcement declaring the offer wholly unconditional.  

    No further details are required to be disclosed according to Rule 17, Schedule Two, paragraph (g) of the AIM Rules.

    Change of Accounting Reference Date

    The accounting reference date of SPG Media is to be changed to 31 December from 31 March.
      
    ENQUIRIES

 Progressive
 Simon Pyper                     Tel: + 44 (0) 20 7336 5200

 Singer Capital Markets Limited
 Nicholas How                    Tel: + 44 (0) 20 3205 7500
 James Maxwell                   Tel: + 44 (0) 20 3205 7500
 Richard Savage                  Tel: + 44 (0) 20 3205 7500

 SPG Media Group Plc
 Kenneth Appiah                  Tel: + 44 (0) 20 7915 9600

 Blue Oar Securities Plc
 Mike Coe                        Tel: + 44 (0) 117 933 0020
 Marc Davies                     Tel: + 44 (0) 117 933 0020

    This announcement is not intended to and does not constitute, or form any part of, any offer to sell or any solicitation of any offer to
purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction. Any acceptance of or other
response to the Offer should be made only on the basis of the information contained or referred to in the Offer Document and (in the case of
SPG Media Shares held in certificated form) the Form of Acceptance.

    The availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of their relevant
jurisdiction. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction.
Further details in relation to overseas shareholders will be contained in the Offer Document.

    Unless otherwise determined by Progressive, and subject to any dispensation required from the Panel, the Offer is not being made,
directly or indirectly, in or into or by the use of the mails of, or by any means or instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or through any facilities of a national securities exchange of, the
United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such
jurisdiction. Accordingly, copies of this announcement are not being, and must not be mailed or otherwise forwarded, distributed or sent in,
into or from the United States, Canada, Australia or Japan and all persons receiving this announcement (including nominees, trustees and
custodians) must not mail or otherwise forward, distribute or send it in, into or from the United States, Canada, Australia or Japan. Doing
so may render invalid any purported acceptance of the Offer. Notwithstanding the foregoing, Progressive retains the right to permit the Offer to be accepted and any sale of securities pursuant to the
Offer to be completed if, in its sole discretion, it is satisfied that the transaction in question can be undertaken in compliance with
applicable law and regulation.

    Blue Oar Securities plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting
exclusively as financial adviser to SPG Media and no one else in connection with the Offer and will not be responsible to anyone other than
SPG Media for providing the protections afforded to clients of Blue Oar Securities plc or for providing advice in relation to the Offer.

    Singer Capital Markets Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting
exclusively as financial adviser to Progressive and no one else in connection with the Offer and will not be responsible to anyone other
than Progressive for providing the protections afforded to clients of Singer Capital Markets Limited or for providing advice in relation to
the Offer.


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