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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Internet Bus. | LSE:IBG | London | Ordinary Share | GB0003754073 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6012L Internet Business Group 11 January 2008 11 January 2008 Internet Business Group Plc ("IBG" or the "Company") Update on Recommended TMN Acquisition Subsequent to the issue of the Scheme Document on 20 December 2007 to IBG shareholders relating to the recommended proposal for TMN Group Plc ("TMN") to acquire the entire issued and to be issued share capital of IBG by way of a share-for-share exchange, to be effected by means of a scheme of arrangement (the "Scheme") under section 425 of the Companies Act 1985 (involving a reduction of capital pursuant to section 135 of the Companies Act 1985) (the "Acquisition"), TMN issued an announcement on 7 January 2008 ("TAPPS Announcement") that, pursuant to the terms of a share purchase agreement (the "TAPPS Share Purchase Agreement"), it had agreed to acquire the entire issued and to be issued share capital of TAPPS B.V., a digital direct marketing company in The Netherlands (the "TAPPS Acquisition"). IBG has posted a document to IBG shareholders which includes a copy of the TAPPS Announcement and a summary of the material terms of the TAPPS Share Purchase Agreement. The document states that the IBG Directors believe that the TAPPS Acquisition should not have a material bearing on the Acquisition or the Scheme and, therefore, the IBG Directors, who have been so advised by Strand Partners, remain of the view that the terms of the Acquisition are fair and reasonable and also continue to endorse their recommendation contained in the Scheme Document. In providing its advice to the IBG Directors, Strand Partners has taken into account the commercial assessments of the IBG Directors. The definitions used or referred to in the Scheme Document apply in this announcement, unless the context otherwise requires. Enquiries: Internet Business Group Plc Maziar Darvish, Chairman 020 7927 8102 Strand Partners Limited James Harris / Braden Saunders 020 7409 3494 St Helen's Capital Limited Ruari McGirr 020 7628 5582 Tavistock Communications Limited Matt Ridsdale 020 7920 3150 Strand Partners, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for IBG and no one else in connection with the Acquisition and the Scheme and will not be responsible to anyone other than IBG for providing the protections afforded to clients of Strand Partners nor for giving advice in relation to the Acquisition and the Scheme or any other matter or arrangement referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange END OUPFFLFFVFBZBBF
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