Update on Irrevocable Undertaking
March 27 2009 - 12:31PM
UK Regulatory
TIDMTLR
RNS Number : 6593P
UKRD Group Limited
27 March 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE IT
IS UNLAWFUL TO DO SO
Cash Offer by
UKRD Group Limited, as advised by Charles Stanley Securities,
for the entire issued and to be issued ordinary share capital of
The Local Radio Company PLC (the "Offer")
Update on Irrevocable Undertaking
Further to the announcement released earlier today, the irrevocable undertaking
provided by Trevor Smallwood to accept the Offer, in respect of his shareholding
of 11,520,000 Local Radio Shares, representing approximately 16.00 per cent. of
Local Radio's issued share capital, will lapse if the Offer lapses or is
withdrawn.
For further information, please contact:
+-------------------------------------------------------+---------------+
| Charles Stanley Securities (Financial Adviser to | 020 7149 6457 |
| UKRD) | |
+-------------------------------------------------------+---------------+
| Rick Thompson | |
+-------------------------------------------------------+---------------+
| Philip Davies | |
+-------------------------------------------------------+---------------+
Charles Stanley Securities, which is authorised and regulated by the Financial
Services Authority in the United Kingdom, is acting exclusively for UKRD and no
one else in connection with the Offer and will not be responsible to anyone
other than UKRD for providing the protections afforded to clients of Charles
Stanley Securities nor for providing advice in relation to the Offer, the
content of this Announcement or any other matter or arrangement referred to
herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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