Closing date of offer
19 Abril 2010 - 2:00AM
UK Regulatory
TIDMSIN
19 April 2010
Proposed Cancellation of Admission to AIM,
Proposed Re-registration as a Private Limited Company,
General Meetings
Cancellation of Share Premium Account
and
Offer To Buy Back 13,208,072 Shares of GBP0.01
At 7 pence per Spectrum Interactive Share
Closing Date of the Offer
On 26 March 2010, the Company made an Offer to Shareholders other than the
Majority Group, conditional on the De-listing and Re-registration occurring and
no Cancellation Application having been made by the applicable Condition Date,
to buy back 13,208,072 Shares of 1p each at a price of 7p per Spectrum
Interactive Share in accordance with the provisions of the Act.
The Company announces that as at 1.00 p.m. on 16 April 2010, the closing date of
the Offer, valid acceptances of the Offer had been received in respect of a
total of 6,156,909 Shares, representing approximately 18.2 per cent. of the
Company's issued share capital. The Offer is now closed and it is anticipated
that De-Listing will take effect from 7.00 a.m. on 28 April 2010 following which
the Ordinary Shares of the Company will not be tradeable on AIM or any
recognised investment exchange but may be transferred in accordance with the
Company's Articles of Association.
Certain terms used in this announcement are defined and have the same meaning as
in the Company's announcement of 26 March 2010 and in the document posted to
Shareholders on the same day, both of which may be accessed at
www.spectruminteractive.co.uk
For further information please contact:
Spectrum Interactive plc Tel: 01442 205 511
Mark Lewarne, Chief Executive Officer
Philip Congdon, Chief Financial Officer
Arbuthnot Securities Tel: 020 7012 2000
Alasdair Younie/Ben Wells
Arbuthnot Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority is acting exclusively for Spectrum
Interactive and is acting for no one else in connection with the Offer and will
not be responsible to anyone other than Spectrum Interactive for providing the
protections afforded to clients of Arbuthnot Securities Limited or for providing
advice in relation to the Offer or any other matter referred to herein.
This announcement is not intended to, and does not, constitute an offer or an
invitation to purchase or subscribe for any securities or the solicitation of an
offer to purchase any securities, pursuant to the Offer or otherwise. Any
response in relation to the Offer should be made only on the basis of the
information in the Offer Document or any document by which the Offer and Scheme
are made. Shareholders are advised to read the Offer Document when it becomes
available because it will contain important information relating to the Offer.
The distribution of this announcement in jurisdictions in or into certain
jurisdictions may be restricted by the laws of those jurisdictions. Accordingly,
copies of this announcement and all other documents relating to the Offer are
not being, and must not be, released, published, mailed or otherwise forwarded,
distributed or sent in, into or from any Excluded Territories.
Persons receiving such documents (including, without limitation, nominees,
trustees and custodians) should observe these restrictions. Failure to do so may
constitute a violation of the securities laws of any such jurisdiction.
The Spectrum Interactive Directors accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
Spectrum Interactive Directors (who have taken all reasonable care to ensure
that such is the case) the information contained in this announcement for which
they are responsible is in accordance with the facts and does not omit anything
likely to affect the import of such information.
END
[HUG#1404877]
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