Coretx Holdings Regulatory News (COR)

6 Apr 2006 13:14

Planet Acquisitions Limited06 April 2006 For immediate release NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN 6 April 2006 PLANET ACQUISITIONS LIMITED A COMPANY FORMED AT THE DIRECTION OF 3i ADDITIONAL PURCHASE OF CHORION PLC SHARES Further to the announcement on 5 April 2006, 3i Investors announces that it haspurchased an additional 1,801,000 Chorion shares, representing 7.1 per cent ofthe entire existing issued ordinary share capital of Chorion, at a price of 430pence per Chorion Share. 3i Investors and the Management Team now have a combined holding of 7,137,911Chorion Shares, representing approximately 28.0 per cent of the existing issuedordinary share capital of Chorion. Terms defined in the document posted to Chorion Shareholders on 28 February 2006have the same meanings as in this announcement. Enquiries: 3i Telephone: +44 (0) 20 7928 3131 Chris Williams Inaki Echave UBS Investment Bank Telephone: +44 (0) 20 7567 8000 Jonathan Rowley James Simpson Maitland (3i PR enquiries) Telephone: +44 (0) 20 7379 5151 Colin Browne Liz Morley Chorion is a leading brand development and management business which owns andexploits crime and children rights, generating revenue through the licensing andmerchandising of toys, publishing of books and TV. The Chorion portfolioincludes classic brands such as Noddy, Mr. Men, Famous Five and other Blytoncharacters, Agatha Christie (Miss Marple and Poirot), Simenon (Maigret) andChandler (Marlowe). 3i is a world leader in private equity and venture capital and invests acrossEurope, the United States and Asia. 3i was established in 1945, listing on theLondon Stock Exchange in 1994. It is a constituent of the FTSE 100 index. 3imanages over £6.2 billion of assets (as at 31 March 2005) comprising its ownbalance sheet of around £4.3 billion and private equity limited partnerships of£1.9 billion, invested alongside 3i. Recent investments made by 3i include NCP,the UK's leading parking services company, Giochi Preziosi, the leading Italiantoy company, Daalderop, a leading supplier of innovative heating equipment inthe Netherlands and NordNav, a Swedish company which develops next generationglobal navigation satellite systems. 3i has identified media as a key area offocus and is Europe's most active private equity investor in the European mediasector. Recent transactions in the media sector include Yellow Brick Road,Hallmark Channel's international TV assets, Trinity Mirror's Northern Irishnewspapers, Boxer TV in Scandinavia, 1-2-3 TV in Germany, Poliris in France andNimbus in India. The availability of the Proposals or the distribution of this Announcement topersons who are not resident in the UK may be affected by the laws of therelevant jurisdictions in which they are located. Persons who are not residentin the UK should inform themselves of, and observe, any applicable requirements. The Proposals will not be available, directly or indirectly, in or into and willnot be capable of acceptance, approval or participation in or from the UnitedStates, Canada, Australia or Japan. In addition, it is not currently intendedthat the Proposals will be made, directly or indirectly, in or into, or by useof the mails or by any means or instrumentality (including, without limitation,by means of telephone, facsimile, telex, internet or other forms of electroniccommunication) of interstate or foreign commerce of, or by any facilities of anational securities exchange of, the United States and it is not currentlyintended that the Proposals will be capable of acceptance by any such use,means, instrumentality or facility or from within the United States.Accordingly, copies of this announcement are not being, and must not be, mailedor otherwise forwarded, distributed or sent in, into or from the United States.Custodians, nominees and trustees should observe these restrictions and shouldnot send or distribute the announcement in or into the United States, Canada,Australia or Japan. Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,"interested" (directly or indirectly) in one per cent. or more of any class of"relevant securities" of Chorion, all "dealings" in any "relevant securities" ofChorion (including by means of an option in respect of, or a derivativereferenced to, any such "relevant securities") must be publicly disclosed by nolater than 3.30 p.m. (London time) on the business day following the date of therelevant transaction. This requirement will continue until the Effective Dateof the Scheme (or such later date(s) as the Panel may specify). If two or morepersons act together pursuant to an agreement or understanding, whether formalor informal, to acquire an "interest" in "relevant securities" of Chorion, theywill deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the City Code, all dealings in "relevantsecurities" of Chorion by Planet Acquisitions or Chorion, or any of theirrespective "associates", must also be disclosed by no later than 12.00 noon(London time) on the business day following the date of the relevanttransaction. A disclosure table, giving details of the companies whose "relevant securities"and "dealings" should be disclosed, and the number of securities in issue, canbe found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of or derivative referenced to, securities. Terms in quotation marks are defined in the City Code, which can also be foundon the Panel's website. If you are in any doubt as to whether or not you arerequired to disclose a dealing under Rule 8, you should consult the Panel. If you are in any doubt as to the application of Rule 8 to you, please contactan independent financial adviser authorised under the Financial Services andMarkets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk orcontact the Panel on telephone number +44 (0) 20 7638 0129; fax number +44 (0)20 7236 7013. UBS Limited ("UBS" or "UBS Investment Bank") is acting exclusively for 3i andPlanet Acquisitions and no one else in connection with the Proposals and willnot be responsible to anyone other than 3i and Planet Acquisitions for providingthe protections afforded to clients of UBS Limited nor for providing advice inrelation to the Proposals, the content of this Announcement, or any matterreferred to herein. KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulatedby the Financial Services Authority for investment business activities, isacting exclusively for the Management Team as financial adviser in relation tothe Proposals and is not acting for any other person in relation to suchProposals. KPMG Corporate Finance will not be responsible to anyone other thanthe Management Team for providing the protections afforded to its clients or forproviding advice in relation to the contents of this Announcement or any matterreferred to herein. This information is provided by RNS The company news service from the London Stock Exchange