SPMG Sport Media

 

TIDMSPMG 
 
RNS Number : 7813N 
Sport Media Group PLC 
24 February 2009 
 

23 February 2009 
 
 
Sport Media Group plc 
 
 
("SMG," the "Company" or the "Group") 
 
 
ReSULT OF AGM AND Offer Period 
 
 
Sport Media is pleased to announce that all resolutions proposed at the Annual 
General Meeting, held earlier today, were duly passed. 
The Group continues to have constructive discussions with its bankers and the 
Board remains optimistic that an extension to facilities can be achieved. 
Following a number of unsolicited approaches, the Board is exploring all 
opportunities to sell the business, in part or whole. There can be no certainty 
that any sale of the business will proceed or that an offer will be made for the 
Company or as to the terms on which any such offer might be made. 
As a result of this announcement the Company is now in an Offer Period under the 
rules of the Takeover Code. 
A further update will be provided as soon as possible. 
 
 
For further information, please contact: 
 
 
Sport Media Group plc 
Andrew Fickling, Chief Executive OfficerTel: + 44 (0) 161 236 4466 
Andrew Fletcher, Chief Financial OfficerTel: + 44 (0) 20 8507 6965 
www.sportmediagroup.co.uk 
 
 
Daniel Stewart & Company plc 
Simon Leathers/Oliver RigbyTel: + 44 (0) 20 7776 6550 
www.danielstewart.co.uk 
 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the 
Company confirms that it has 96,851,547 ordinary shares of 0.25p each in issue 
and admitted to trading on the London Stock Exchange under UK ISIN code 
GB00B11FCP94. 
 
 
Dealing Disclosure Requirements: 
 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in 
1% or more of any class of "relevant securities" of the Company, 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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 the Company, 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 Company by the Company, or by any of its 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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