AGM Statement

    RNS Number : 6676B
  Business Direct Group Plc
  20 August 2008
   

    Wednesday 20 August 2008

    BUSINESS DIRECT GROUP PLC

    AGM Statement 


    At the Company's Annual General Meeting to be held at 10.00 a.m. today, the Chairman, Russell Hodgson, will provide the following update
to shareholders:  

    'Further to the announcement on 30 July 2008 that the Directors were seeking the sale of all or part of the Group, expressions of
interest have been received from various interested parties. However, discussions are yet to reach an advanced stage and there can be no
certainty that they will be successfully concluded. Meanwhile, the Group continues to trade normally.'

    Enquiries: 

    Arden Partners (NOMAD and Broker)                  0121 423 8900 
    Steve Douglas 

    Bankside Consultants Limited                        
    Charles Ponsonby                                                   020 7367 8851   


    Dealing disclosure requirements

    Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers, if any person is, or becomes, "interested" (directly or
indirectly) in 1 per cent. or more of any class of "relevant securities" of Business Direct, all "dealings" in any "relevant securities" of
Business Direct (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. 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 Business Direct, 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 City Code, all "dealings" in "relevant securities" of Business Direct 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. If you are in any doubt as to the
application of Rule 8, please consult an independent financial adviser authorised under the Financial Services and Markets Act 2000 and/or
consult the Takeover Panel on telephone number [phone]; fax [phone].

    "Interests in securities" arise, in summary, when a person has a 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 City 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.



This information is provided by RNS
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