31st Jan 2007 16:15
SMG PLC31 January 2007 31 January 2007 For immediate release SMG plc ("SMG") Rule 2.10 Announcement SMG announces, in accordance with Rule 2.10 of the Takeover Code, that as at thetime and date of this announcement it has the following relevant securities inissue: 315,988,607 ordinary shares of 2.5p each ("Ordinary Shares"). The ISIN referencenumber for these securities is GB0004325402. 6.5% convertible unsecured loan stock amounting to £22,800,826, which areconvertible into 11,464,437 Ordinary Shares. The ISIN reference number for thesesecurities is GB0004325626. "Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if anyperson is, or becomes, "interested" (directly or indirectly) in 1% or more ofany class of "relevant securities" of UTV or of SMG, all "dealings" in any"relevant securities" of that company (including by means of an option inrespect of, or a derivative referenced to, any such "relevant securities") mustbe publicly disclosed by no later than 3.30 pm (London time) on the Londonbusiness day following the date of the relevant transaction. This requirementwill continue until the date on which the offer becomes, or is declared,unconditional as to acceptances, lapses or is otherwise withdrawn or on whichthe "offer period" otherwise ends. If two or more persons act together pursuantto an agreement or understanding, whether formal or informal, to acquire an"interest" in "relevant securities" of UTV or of SMG, they will be deemed to bea single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of UTV or of SMG by UTV or SMG, or by any of their respective"associates", must be disclosed by no later than 12.00 noon (London time) on theLondon business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevantsecurities" "dealings" should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Stvg