Statement re Possible Offer

10 Mar 2008 12:47

TMN Group PLC10 March 2008 10 March 2008 Statement re: Possible Offer The board of directors of TMN Group plc ("TMN" or the "Company") notes therecent movement in its share price and announces that it has received apreliminary approach that may or may not lead to an offer being made to acquirethe Company. This approach is at a very early stage and there can be nocertainty that an offer will be made nor as to the terms of any such offer,should one be forthcoming. A further announcement will be made in due course, asappropriate. Enquiries: TMNwww.TMNplc.comMark Smith, CEO / Craig Dixon, CFO0207 440 9310 Investec Investment Banking, NOMAD and broker to TMNAndrew Craig / Andrew Pinder / Ben Poynter0207 597 4000 Redleaf CommunicationsSamantha Robbins / Anna Dunkin0207 822 0200 Pursuant to Rule 2.10 of the City Code, TMN confirms that it has 75,382,759ordinary shares of 0.01p each in issue and admitted to trading on the AIM marketof London Stock Exchange plc (ISIN GB00B1GCQP32). Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if anyperson is, or becomes, "interested" (directly or indirectly) in 1% or more ofany class of "relevant securities" of TMN, all "dealings" in any "relevantsecurities" of that company (including by means of an option in respect of, or aderivative referenced to, any such "relevant securities") must be publiclydisclosed by no later than 3.30 pm (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or isdeclared, unconditional as to acceptances, lapses or is otherwise withdrawn oron which the "offer period" otherwise ends.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 TMN, they will be deemed to bea single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 ofthe Code, all "dealings" in "relevant securities" of TMN by a potential offeroror by TMN, or by any of their respective "associates", must be disclosed by nolater than 12.00 noon (London time) on the London business day following thedate of the relevant transaction. A disclosure table, giving details of thecompanies in whose "relevant securities" "dealings" should be disclosed, and thenumber of such securities in issue, can be found on the Takeover Panel's websiteat www.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary,when a person has long economic exposure, whether conditional or absolute, tochanges in the price of securities. In particular, a person will be treated ashaving an "interest" by virtue of the ownership or control of securities, or byvirtue of any option in respect of, or derivative referenced to, securities.Terms in quotation marks are defined in the Code, which can also be found on theTakeover 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 TakeoverPanel. This information is provided by RNS The company news service from the London Stock Exchange