Last checked at 12 Nov 2009 10:05
12 November 2009
Critical Information Group plc ("CIG" or the "Company")
Statement regarding Centaur Media plc ("Centaur")
On 20 October 2009, Critical Information Group plc (LSE-AIM: CIG) announced that on 17 September 2009 it had made an approach to Centaur to acquire the entire issued and to be issued share capital of Centaur, which was subsequently rejected by the Centaur board.
The Board and its advisers have reviewed the current situation and circumstances in respect of its approach to Centaur and the Board has concluded that it does not wish to proceed with an offer.
CIG's investment strategy remains to acquire public or private media companies and businesses which have the potential for operational improvement and would generate long term shareholder value though further consolidation.
For the purposes of Rule 2.8 of the Code, CIG reserves the right to make or participate in an offer for Centaur, and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code, within the next six months following the date of this announcement:
* with the agreement or recommendation from the board of Centaur;
* following the announcement of an offer by a third party for Centaur;
* following the announcement by or on behalf of Centaur of a "whitewash" proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as set out in Note 2 on Rule 3.2 of the Code); or
* if there is a material change of circumstances.
Enquiries:
| Critical Information Group plc David Smith / Tony Foye | +44 (0)20 8906 6707 |
| Singer Capital Markets Limited James Maxwell / Richard Savage | +44 (0)20 3205 7500 |
| Financial Dynamics Charlie Palmer / Matt Dixon / Emma Appleton | +44 (0)20 7831 3113 |