We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Shed Media | LSE:SHDP | London | Ordinary Share | GB00B05MGS05 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 114.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSHDP RNS Number : 1011U Shed Media PLC 08 October 2010 Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. FOR IMMEDIATE RELEASE 8 October 2010 Recommended proposals for the acquisition by WB Bidco plc ("Bidco") of Shed Media plc ("Shed") to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 Result of the First Court Hearing Further to the announcement of 23 September 2010, Shed is pleased to announce that the Court has today sanctioned the Scheme in connection with the recommended proposals for the acquisition of Shed by Bidco. The Scheme remains subject to the satisfaction or waiver of the other conditions to the Scheme including the Court confirming the Capital Reduction at the Second Court Hearing. This hearing is expected to take place on 12 October 2010. Dealings in Shed Shares on the London Stock Exchange will be suspended with effect from 7:00 a.m. (London time) on 12 October 2010. Subject to the Capital Reduction being sanctioned and confirmed on this date, it is currently expected that the Scheme will become effective on 13 October 2010 and that the cancellation of the admission to trading of Shed Shares on AIM will take place at 7:00 a.m. (London time) on 13 October 2010. Cheques and settlement through CREST in respect of the Cash Consideration and cash element of the Partial Alternative and certificates in respect of the Bidco Consideration Securities will be dispatched / effected (as applicable) within 14 days of the Scheme becoming effective. If any of the expected dates change, Shed will give notice of the change by issuing an announcement through a Regulatory Information Service. Unless the context otherwise requires, terms defined in this announcement have the same meaning as those terms defined in the announcement dated 5 August 2010 by the Bidco Directors and the Independent Directors in relation to the Proposals. Enquiries: +------------------------------------------------+-----------------+ | Shed Media plc | +44 (0) 20 | | | 7239 1010 | +------------------------------------------------+-----------------+ | Heather Rabbatts | | +------------------------------------------------+-----------------+ | Altium Capital Limited (Financial Adviser and | +44 (0) 20 | | Nominated Adviser to Shed) | 7484 4040 | +------------------------------------------------+-----------------+ | Ben Thorne | | +------------------------------------------------+-----------------+ | Sam Fuller | | +------------------------------------------------+-----------------+ | Melanie Szalkiewicz | | +------------------------------------------------+-----------------+ | Hudson Sandler (Public Relations Adviser to | + 44 (0) 20 | | Shed) | 7796 4133 | +------------------------------------------------+-----------------+ | Nick Lyon | | +------------------------------------------------+-----------------+ | Michael Sandler | | +------------------------------------------------+-----------------+ | Wendy Baker | | +------------------------------------------------+-----------------+ | Warner Bros. (Media Enquiries) | | +------------------------------------------------+-----------------+ | Scott Rowe | +1 818 954 5806 | +------------------------------------------------+-----------------+ | Deborah Lincoln | +44 (0) 7879 | | | 484944 | +------------------------------------------------+-----------------+ | Morgan Stanley (Financial Adviser to Time | | | Warner Inc. and Joint Financial Adviser to | | | Bidco) | | +------------------------------------------------+-----------------+ | Max Herrnstein | +1 212 761 4000 | +------------------------------------------------+-----------------+ | Laurence Hopkins | +44 (0) 20 | | | 7425 8000 | +------------------------------------------------+-----------------+ | Antoine Dresch | +44 (0) 20 | | | 7425 8000 | +------------------------------------------------+-----------------+ | Ingenious Corporate Finance Limited (Financial | +44 (0) 20 | | Adviser to the Senior Management Team and | 7319 4000 | | Joint Financial Adviser to Bidco) | | +------------------------------------------------+-----------------+ | Tom Manwaring | | +------------------------------------------------+-----------------+ | Chris Graves | | +------------------------------------------------+-----------------+ Further Information This announcement does not constitute, or form any part of, any offer for, or solicitation of any offer for, securities or the solicitation of any vote or approval in any jurisdiction, pursuant to the Proposals or otherwise. Altium Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority (the "FSA"), is acting exclusively for Shed and no-one else in connection with the Proposals and will not be responsible to anyone other than Shed for providing the protections afforded to the clients of Altium Capital Limited, nor for providing advice in relation to the Proposals or any matter referred to herein. Ingenious Corporate Finance Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting for the Senior Management Team and Bidco and no-one else in connection with the Proposals and will not be responsible to anyone other than the Senior Management Team and Bidco for providing the protections afforded to the clients of Ingenious Corporate Finance Limited, nor for providing advice in relation to the Proposals or any matter referred to herein. Morgan Stanley & Co. Incorporated and Morgan Stanley & Co. Limited are acting for Time Warner and Bidco and no -one else in connection with the Proposals and will not be responsible to anyone other than Time Warner and Bidco for providing the protections afforded to the clients of Morgan Stanley & Co. Incorporated and Morgan Stanley & Co. Limited, nor for providing advice in relation to the Proposals or any matter referred to herein. Disclosure Requirements Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of an offeree or a paper offeror, that person must make an "Opening Position Disclosure" following the commencement of the "offer period" and, if later, following the announcement in which any paper offeror is first identified. An "Opening Position Disclosure" must contain details of the person's interests and short positions in, and rights to subscribe for, any "relevant securities" of each of (i) the offeree and (ii) the paper offeror. An "Opening Position Disclosure" by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th Business Day following the commencement of the Offer Period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th Business Day following the announcement in which the paper offeror is first identified. Relevant persons who deal in the "relevant securities" of the offeree or of the paper offeror prior to the deadline for making an "Opening Position Disclosure" must instead make a "Dealing Disclosure". Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1 per cent. or more of any class of "relevant securities" of the offeree or of the paper offeror must make a "Dealing Disclosure" if the person deals in any "relevant securities" of the offeree or of the paper offeror. A "Dealing Disclosure" must contain details of the "dealing" concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of the offeree and the paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A "Dealing Disclosure" by a person to whom Rule 8.3(b) applies must be made no later than 3.30 p.m. (London time) on the Business Day following the date of the relevant dealing. 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 the offeree, they will be deemed to be a single person for the purpose of Rule 8.3 of the City Code. "Opening Position Disclosures" must also be made by the offeree and by the paper offeror and "Dealing Disclosures" must also be made by the offeree, by the paper offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the City Code). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. 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 of the City Code, you should contact an independent financial adviser authorised under FSMA or consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone number +44 (0)20 7638 0129. Publication on Website A copy of this announcement will be available free of charge for inspection on the following website: www.shed-media.com This information is provided by RNS The company news service from the London Stock Exchange END OUPFSUFSAFSSEES
1 Year Shed Media Chart |
1 Month Shed Media Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions