Issue of Equity and Rule 2.10 Disclosure (7915G)

TIDMIMD

RNS Number : 7915G

Independent Media Distribution PLC

18 May 2011

Independent Media Distribution plc

("IMD" or "the Company")

Issue of Equity and Rule 2.10 Disclosure (Replacement)

The Board of IMD announces that, following the exercise of options by employees of the Company, 2,532,098 ordinary shares of 10 pence each in the capital of the Company have been issued and allotted at the following exercise prices:

400,000 ordinary shares at an exercise price of 27 pence per ordinary share;

660,098 ordinary shares at an exercise price of 40 pence per ordinary share;

185,000 ordinary shares at an exercise price of 45 pence per ordinary share;

200,000 ordinary shares at an exercise price of 50 pence per ordinary share;

994,000 ordinary shares at an exercise price of 55 pence per ordinary share; and

93,000 ordinary shares at an exercise price of 60 pence per ordinary share.

Given that the cancellation of IMD's ordinary shares to trading on AIM is anticipated to occur at 7.00 am on 23 May 2011, no application will be made for the 2,532,098 new ordinary shares to be admitted to trading on AIM.

The new ordinary shares will rank pari passu with the existing shares of the Company.

Rule 2.10 Disclosure

In replacement of the disclosure issued under Rule 2.10 on 11 May 2011, the Company makes an announcement that in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has issued share capital consisting of 37,215,603 ordinary shares with a nominal value of 10 pence each ('Ordinary Shares'), with each share carrying equal voting rights. The International Securities Identification Number for the Ordinary Shares is GB0031308850.

For further information, please contact:

Independent Media Distribution plc 020 7468 6868

Simon Cox, Chief Executive

Charles Stanley Securities 020 7149 6000

Nominated Adviser

Mark Taylor / Carl Holmes

Oakley Capital Limited 020 7766 3053

Financial Adviser

Daniel Havercroft / Chris Godsmark

Oakley Capital, which is authorised and regulated by the Financial Services Authority, is acting exclusively for IMD as its financial adviser in connection with the Proposals and no one else in connection with the Proposals and will not be responsible to any person other than IMD for providing the protections afforded to clients of Oakley Capital or for providing advice in relation to the contents of this announcement or any matter referred to herein.

Charles Stanley Securities, a division of Charles Stanley & Co Limited, which is authorised and regulated by the Financial Services Authority, is the nominated adviser and corporate broker to IMD for the purposes of the AIM Rules and no one else in connection with the Proposals and will not be responsible to any person other than IMD for providing the protections afforded to clients of Charles Stanley Securities or for providing advice in relation to the contents of this announcement or any matter referred to herein.

Further information

This document does not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this document and otherwise in any jurisdiction in which such offer or solicitation is unlawful. IMD Shareholders are advised to read carefully the formal documentation relating to the Proposals. The Proposals are made solely through the Scheme Document and Forms of Proxy which contains the full terms and conditions of the Scheme.

Overseas Jurisdictions

This announcement has been prepared for the purposes of complying with the laws of England and Wales and the City Code, and the information disclosed herein or therein may not be the same as that which would have been disclosed if these documents had been prepared in accordance with the laws of any other jurisdiction.

The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Publication on IMD website

A copy of this announcement will be available free of charge for inspection on IMD's website at www.imdplc.com by no later than 8.00 a.m. on 19 May 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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