22nd May 2009 07:00
Offer discussions ended
Next Fifteen Communications Group plc ("Next Fifteen" or "the Company")
On 11 May 2009 the board of Next Fifteen announced that the Company had received two approaches to acquire the entire issued share capital of the Company. The board stated that these approaches were at an early stage and that there was no certainty that any offer would be forthcoming. On the same day Huntsworth plc ("Huntsworth") and Chime Communications plc ("Chime") made separate announcements to the market to confirm they were the parties involved in the preliminary discussions.
The board of Next Fifteen wishes to advise shareholders that it has decided to end the discussions with both parties. It is important to emphasise that these discussions have been ended before any of the parties involved (Chime, Huntsworth or Next Fifteen) undertook any due diligence or reached any definitive agreement.
The board of Next Fifteen believes that the interests of both shareholders and the business are best served by remaining as an independent group at the present time. The board continues to explore opportunities to develop and extend the Next Fifteen range of services.
22 May 2009
Enquiries:
| Next Fifteen Communications Group plc | ||||||||
| Tim Dyson, Chief Executive | 001 415 350 2801 | |||||||
| David Dewhurst, Finance Director | 07974 161 183 | |||||||
| BDO Stoy Hayward LLP (financial adviser to Next Fifteen) | ||||||||
| Michael Cobb | 020 7486 5888 |
Copyright Business Wire 2009
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