Offer Update

27 Mar 2006 11:04

Inditherm PLC27 March 2006 27 March 2006 On 9th December 2005, Inditherm announced that an approach had been made to theCompany which may or may not lead to an offer being made. Since that time we have conducted meaningful talks with the party that made theinitial approach. As a result of our discussions, they have informed us thattheir conclusion is that opportunities exist for deals to exploit Indithermtechnology. These include license and royalty agreements, technicalcollaboration and joint venturing. However, the other party has also indicatedit prefers exploring these alternative structures to an outright purchase of thebusiness. Accordingly, offer talks have now terminated. Meanwhile discussions continue onthe other opportunities. This information is provided by RNS The company news service from the London Stock Exchange