RNS Number : 2010Y
  Mobile Doctors Group Plc
  03 July 2008
   


    Date: 3 July 2008
    On behalf of: Mobile Doctors Group Plc ("MDG" or "the "Company")
    Embargoed for:    0730hrs


    Mobile Doctors Group Plc 
    Statement regarding potential offer and acquisition and suspension of shares

    The Board of Mobile Doctors Group plc (AIM: MDG.L) is pleased to announce that it has agreed heads of terms for the acquisition of a
private company also operating in the medical legal reporting industry ("the Acquisition"). The Directors believe that the the Acquisition,
whilst almost doubling the size of MDG, would also result in significant cost reductions.  

    In order, inter alia, to fund the Acquisition, a new company, Mobile Doctors Holdings plc ("MDH"), has been incorporated with the
intention that it will raise money from institutional investors ("the Placing"), and will make a recommended share offer for the entire
issued and to be issued share capital of MDG ("the Offer") and will make the Acquisition.  The Placing will be undertaken in MDH and will
allow participation by Venture Capital Trusts and EIS investors. The level of gross assets of MDG would otherwise preclude investment from
these sources should the funds be raised directly by MDG.  It is emphasized that there is no certainty that any offer will be made and at
what price, or that the Acquisition will be made until marketing of the issue has been completed. 

    Completion of the Offer and the Acquisition will be subject, inter alia to the admission of MDH to trading on AIM.

    While the intention is that the Acquisition will be made by MDH and not MDG, due to the fact that the Acquisition would, if undertaken
by MDG, constitute a reverse takeover under the AIM Rules, the Company has requested that its shares be suspended until such time as an
admission document is posted or the Acquisition or Offer discussions are terminated.

    A further announcement in respect of the Offer and Acquisition will be made in due course.

    Additional information:

    In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, MDG  confirms that it has 16,712,130 Ordinary Shares of 40 pence
each in issue and admitted to trading on the London Stock Exchange under UK ISIN code GB00B1XSS585.

    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) in 1% or more of any class of "relevant securities" of the Company, all "dealings" in any "relevant securities" of
the Company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which the Offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an "interest" in "relevant securities" of the Company, they will be deemed to be a single person for the purpose of
Rule 8.3 of the Code.

    Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of the Company by the Company or by MDH, or by any
of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date
of the relevant transaction.

    A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of
such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

    "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of
securities, or by virtue 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 the Panel's website. If you are in any doubt as to whether
or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.


    - Ends -


    Enquiries to:

 Mobile Doctors Group Plc      020 8787 2093
 Matthew Game                  www.mobile-doctors.co.
                               uk
 Daniel Stewart & Company plc      Tel: 020 7776 6550
 Oliver Rigby/ Lindsay Mair
 Redleaf Communications        Tel: 020 7822 0200
 Emma Kane, Tom Newman,        Email:
 Michael Ward                  TN@redleafpr.com/MW@
                               redleafpr.com


    Notes to Editors:

    *     MDG, established in 1989, has grown organically to become one of the leading suppliers of medico-legal reports for personal injury
claims in the UK. It provides independent and objective medical evidence via a national panel of medical experts and therapists. 
    *     MDG has a database of approximately 2,500 medical experts covering many areas of the UK and currently provides approximately
72,000 reports out of approximately 680,000 reports required annually.
    *     In addition to its core medical report service, MDG has also launched Mobile Doctors Rehabilitation Services which provides after
care services such as physiotherapy, hospital treatment and cognitive behavioural therapy. 
    *     MDG listed on AIM on 18th July 2007.
      

This information is provided by RNS
The company news service from the London Stock Exchange
 
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