ERT Enter Rights.

    RNS Number : 8255K
  Entertainment Rights PLC
  29 December 2008
   


    Entertainment Rights Plc
    ('Entertainment Rights' or the 'Company')

    Statement re. Press comment

    The Board of Entertainment Rights notes the recent press speculation and confirms that it is in early stage discussions, which may or
may not lead to an offer being made for the Company.

    As announced on 8 December 2008, the board continues to work closely with its bank towards securing new, longer term, funding
arrangements to support the group past 28 February 2009. These discussions are ongoing.

    A further announcement will be made in accordance with Rule 2.10 of the City Code on Takeovers and Mergers in due course. 

    Enquiries

 Entertainment Rights Plc                  +44(0)20 8762 6200
 Edward Knighton, Chief Financial Officer

 Collins Stewart Europe Limited            +44(0)20 7523 8350
 Mark Dickenson

 M:Communications                          +44(0)20 7153 1530
 Charlotte Kirkham
 Ben Simons


    Collins Stewart Europe Limited ("Collins Stewart"), which is authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting exclusively for Entertainment Rights and no one else in connection with any offer and will not be responsible to anyone
other than Entertainment Rights for providing the protections afforded to customers of Collins Stewart, or for providing advice to any other
person in relation to any offer.

    Dealing Disclosure Requirements

    Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly)
in 1% or more of any class of "relevant securities" of Entertainment Rights, all "dealings" in any "relevant securities" of that company
(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. This requirement will
continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on
which the "offer period" otherwise ends. 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 Entertainment Rights, 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 Code, all "dealings" in "relevant securities" of the offeror or of Entertainment Rights by the offeror or Entertainment Rights, or by any
of their respective "associates", 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. 

    "Interests in securities" arise, in summary, when a person has 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 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
The company news service from the London Stock Exchange
 
  END 
 
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