17th Dec 2008 07:32
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
17 December 2008
Innovation Group plc ("Innovation" or the "Company")
Statement in response to press speculation
The Board of Innovation notes the recent press speculation and confirms that it has received a number of preliminary approaches including an indicative significant investment stake proposal and an indicative cash offer in the range of 15 to 20 pence per ordinary share in the Company.
The Board has been advised that these approaches are not at a level acceptable to the majority of the Company's shareholders and therefore confirms it will not be pursuing them.
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Enquiries: |
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RBS Hoare Govett Limited |
+44 (0)20 7678 8000 |
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Justin Jones |
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Alexander Garton |
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Financial Dynamics |
+44 (0)20 7831 3113 |
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Ed Bridges |
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Juliet Clarke |
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Matt Dixon |
RBS Hoare Govett Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Innovation Group plc and no one else in connection with this matter and will not be responsible to anyone other than Innovation Group plc for providing the protections afforded to clients of RBS Hoare Govett Limited nor for providing advice in relation to this matter, the content of this announcement or any matter referred to herein.
END
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