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Offer Update

1st Mar 2006 08:42

Tinopolis PLC01 March 2006 Tinopolis PLC 1 March 2006 Tinopolis Plc ("Tinopolis") Offer by Winghaven Partners Ltd on behalf of Tinopolis Plc for The Television Corporation Plc ('TV Corp') Notice of Compulsory Acquisition of TV Corp Shares As of 1.00 p.m. on 28 February 2006, Tinopolis had received valid acceptances of the Offer in respect of a total of 39,958,690 TV Corp Shares representing approximately 95.9 per cent. of the issued share capital of TV Corp. As Tinopolis has received valid acceptances in respect of over 90 per cent. in value of TV Corp Shares to which the Offer relates, Tinopolis will as soon as practicable give notice to those TV Corp Shareholders who have not accepted the Offer informing them that it will compulsorily acquire their TV Corp Shares by applying sections 428 to 430F of the Companies Act 1985. The Offer will remain open for acceptance by TV Corp Shareholders until furthernotice. The definitions contained in the Offer Document sent to TV Corp Shareholders on 8 December 2005 apply for the purposes of this announcement. Enquiries:Tinopolis 01554 880 880Ron Jones, Executive ChairmanArwel Rees, Managing Director Winghaven Partners Ltd 020 7201 8899(Financial Adviser to Tinopolis)Will IselinRob Edgell Panmure Gordon (Broking) Ltd 020 7459 3600(Nominated Adviser and Broker to Tinopolis)Aubrey PowellMark Lander The Offer is not being made directly or indirectly in or into, or by use of the mails or any other means of instrumentality (including, without limitation, fax, telex or telephone) of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States, Canada, Australia or Japan and will not be capable of acceptance by any such use, means, instrumentality or facilities or from within the USA, Canada, Australia or Japan. This information is provided by RNS The company news service from the London Stock Exchange

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Cornish Metals
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Value9,870.68
Change-18.54