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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Local Radio | LSE:TLR | London | Ordinary Share | GB00B0108C60 | ORD 4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTLR RNS Number : 2952Q UKRD Group Limited 07 April 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO 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 "Offer") OFFER UPDATE The board of directors of UKRD Group Limited ("UKRD") has noted and considered the announcement released by The Local Radio Company PLC ("Local Radio") on Wednesday 1 April 2009 and particularly the statement that "the company's cash flow projections show it requires an injection of funds by the end of April 2009 in order to continue trading". In light of that announcement the UKRD Board reiterates that it has funding available to allow an injection of working capital from UKRD into Local Radio as soon as practicable once the Offer is declared wholly unconditional. Accordingly, the UKRD Board strongly urges Local Radio Shareholders to accept the Offer without delay to hasten the availability of much needed funding from UKRD to Local Radio to enable it to continue trading after the end of April 2009. The UKRD Board would remind Local Radio Shareholders that the First Closing Date is 1 p.m. on Tuesday 21 April 2009. A copy of this announcement, together with the announcement referred to above released by Local Radio on 1 April 2009, is being posted to Local Radio Shareholders today. Copies of the Offer Document and the Form of Acceptance are available for inspection during normal business hours on any weekday (UK public holidays excepted) at the offices of Charles Stanley Securities, 131 Finsbury Pavement, London EC2A 1NT throughout the period during which the Offer remains open for acceptance. Additional Forms of Acceptance are available from Capita Registrars, by telephoning 0871 664 0321 or +44 20 8639 3399 (if telephoning from outside the UK). A copy of the Offer Document and this announcement is also available on UKRD's website, www.ukrd.com. Terms defined in the Offer Document have the same meaning in this announcement. 7 April 2009 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 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 Offer, the contents of the Offer Document or this announcement or any transaction or arrangement or other matter referred to herein. This announcement is not intended to, and does not, constitute or form any part of an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to purchase or subscribe for any securities pursuant to the Offer or otherwise. The Offer has been made solely through the Offer Document and (in respect of Local Radio Shares held in certificated form) the Form of Acceptance, which together contain the full terms and conditions of the Offer, including details of how to accept the Offer. Any acceptance or other response to the Offer should be made only on the basis of the information contained in the Offer Document and (in respect of Local Radio Shares held in certificated form) the Form of Acceptance. The Offer will be subject to the applicable requirements of the City Code, the Panel, the London Stock Exchange and the Financial Services Authority. The release, publication or distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are nor resident in the UK or who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. Any failure to comply with the applicable requirements may constitute a violation of the securities laws of any such jurisdiction. This announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed herein may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK. The Offer is not being made, directly or indirectly, or by the use of the mails of, or by any means or instrumentality (including, without limitation, facsimile or other electronic transmission, telex or telephone) of inter-state or foreign commerce or any facility of, a national securities exchange of any jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction ("Restricted Jurisdiction") (including the United States, Canada, Australia or Japan), and the Offer is not capable of acceptance by any such use, means, instrumentality or facility or from within a Restricted Jurisdiction. Accordingly, copies of the Offer Document, the Form of Acceptance (in respect of certificated Local Radio Shares) and this announcement are not being, and must not be, directly or indirectly, mailed, transmitted or otherwise forwarded, distributed or sent in or into or from a Restricted Jurisdiction and persons receiving such documents (including, without limitation, custodians, nominees and trustees) must not mail, transmit, or otherwise forward, distribute or send them in or into or from a Restricted Jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END OUPIRMITMMMMBPL
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