GlobalData Regulatory News (DATA)

20 Dec 2007 17:30

Internet Business Group20 December 2007 Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction RECOMMENDED OFFER BY TMN GROUP PLC FOR INTERNET BUSINESS GROUP PLC to be effected by means of a Scheme of Arrangement under section 425 of the Companies Act 1985 Posting of the Scheme Document Further to the announcement made by TMN and IBG on 14 December 2007 of arecommended offer for IBG to be made by TMN, the Board of IBG is pleased toannounce that the Scheme Document has been posted to Shareholders. The Offer is being implemented by way of a scheme of arrangement under section425 of the Companies Act 1985. The Court Meeting and the General Meeting toapprove the Scheme will both be held on 23 January 2008. Terms defined in the offer announcement dated 14 December 2007 shall have thesame meaning in this announcement. Enquiries: INTERNET BUSINESS GROUP PLCMaziar Darvish, CEO 07967 039 693 STRAND PARTNERS(Financial adviser to IBG)James Harris 020 7409 3494Braden Saunders ST HELEN'S CAPITAL(Broker to IBG)Ruari McGirr 020 7628 5582 TAVISTOCK COMMUNICATIONSMatt Ridsdale 020 7920 3150 Strand Partners Limited, which is authorised and regulated in the United Kingdomby the Financial Services Authority, is acting exclusively for IBG and no-oneelse in connection with the Acquisition and the Scheme and will not beresponsible to anyone other than IBG for providing the protections afforded toclients of Strand Partners Limited nor for providing advice in relation to theAcquisition and the Scheme, or any other matter or arrangement referred to inthis announcement. This information is provided by RNS The company news service from the London Stock Exchange