3rd Mar 2010 10:18
HMV Group plc
For immediate release
3 March 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
RECOMMENDED CASH OFFER
BY
HMV GROUP PLC
FOR
MAMA GROUP PLC
Compulsory Acquisition of Outstanding MAMA Group Plc Shares
HMV Group plc ("HMV") announces that valid acceptances in connection with the offer made by HMV for MAMA Group Plc ("MAMA") on 15 January 2010 (the "Offer") have been received in respect of more than 90 per cent of the MAMA Shares to which the Offer relates and more than 90 per cent of the voting rights attaching those shares. Accordingly HMV is today issuing notices under s.979 Companies Act 2006 to MAMA Shareholders who have not yet accepted the Offer that it now intends to exercise its rights to acquire compulsorily all those MAMA Shares still outstanding. In the meantime, the Offer remains open for acceptance.
Enquiries
HMV Group plc Telephone: 01628 818 300
Paul Barker
Nomura (financial adviser and broker to HMV) Telephone: 020 7102 1000
Aidan Clegg
Peter Bell
Ed Matthews (Corporate Broking)
Citi (broker to HMV) Telephone: 020 7986 4000
Andrew Seaton
Brunswick (public relations adviser to HMV) Telephone: 020 7404 5959
Susan Gilchrist
Laura Cummings
Saadia Saeed
Nomura, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial adviser and broker to HMV and no one else in connection with the contents of this announcement and the Offer and will not be responsible to any person other than HMV for providing the protections afforded to clients of Nomura, nor for providing advice in relation to the Offer or any matters referred to herein.
Citi, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as broker exclusively for HMV and no one else in connection with the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than HMV for providing the protections afforded to clients of Citi nor for providing advice in relation to the matters described in this announcement.
Related Shares:
Hmv Group