DCD.L Regulatory News (DCD)

19 Mar 2008 11:46

DCD Media PLC19 March 2008 DCD Media plc ("DCD Media") Response to press speculation The Board of DCD Media plc confirms that it is conducting acquisitiondiscussions with a number of companies in the independent television productionsector and, in light of today's press speculation, confirms that it has hadpreliminary discussions with Boomerang Plus plc ("Boomerang"), which may or maynot lead to a transaction. There can be no certainty that an offer will be made for Boomerang or the termson which such an offer may be made. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, DCDMedia confirms that, as at the close of business on 18 March 2008, it has53,104,503 ordinary shares of 10 pence each in issue and has outstanding 800,634options to acquire ordinary shares. The International Securities IdentificationNumber for the ordinary shares is GB00B236PC52. Further announcements will be made as appropriate. 19 March 2008 Enquiries: DCD Media plc Tel: +44 (0) 20 7297 8000Chris Hunt, Chief Executive Evolution Securities Tel: +44 (0) 20 7071 4300Tom Price / Jeremy Ellis M: Communications Tel: +44 (0) 20 7153 1540Ben Simons / Eleanor Williamson 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) in1% or more of any class of 'relevant securities' of Beowulf or of Dante, all'dealings' in any 'relevant securities' of that company (including by means ofan option in respect of, or a derivative referenced to, any such 'relevantsecurities') must be publicly disclosed by no later than 3.30pm (London time) onthe London business day following the date of the relevant transaction. Thisrequirement will continue until the date on which an offer becomes, or isdeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the 'offer period' otherwise ends. If two or more persons act togetherpursuant to an agreement or understanding, whether formal or informal, toacquire an 'interest' in 'relevant securities' of Beowulf or Dante, they will bedeemed 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 'relevantsecurities' of Beowulf or Dante by Beowulf or Dante, or by any of theirrespective 'associates', must be disclosed by no later than 12.00 noon (Londontime) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevantsecurities' 'dealings' should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has a 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 Code, which can also be found on thePanel's website. If you are in any doubt as to whether or not you are requiredto 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