Offer Closed


 

TIDMTLR 
 
RNS Number : 2278U 
UKRD Group Limited 
22 June 2009 
 
 
 
22 June 2009 
 
 
Recommended mandatory cash offer by 
UKRD Group Limited, as advised by Charles Stanley Securities, 
for the entire issued and to be issued ordinary share capital of 
The Local Radio Company PLC (the "Second Revised Offer") 
 
 
OFFER CLOSED 
 
 
Further to the announcement made on 5 June 2009, the Board of UKRD Group Limited 
announces that the Second Revised Offer for the entire issued and to be issued 
share capital of The Local Radio Company PLC closed at 1:00pm on Friday 19 June 
2009. 
 
 
The UKRD Board is pleased to announce that, as at 1.00 p.m. on 19 June 2009, 
valid acceptances of the Second Revised Offer have been received in respect of a 
total of 31,020,629 Local Radio Shares, representing approximately 43.08 per 
cent. of the existing issued share capital of Local Radio. 
 
 
UKRD owns 15,234,456 Local Radio Shares, representing approximately 21.16 per 
cent. of the existing issued share capital of Local Radio. These Local Radio 
Shares when taken together with acceptances of the Second Revised Offer give an 
aggregate total number of 46,255,085 Local Radio Shares, representing 
approximately 64.24 per cent. of the existing issued share capital of Local 
Radio. 
 
 
Following this, the two largest shareholders in Local Radio are UKRD which own 
64.24 per cent. of the issued share capital of Local Radio and Hallwood 
Financial Limited owning 28.55 per cent. of the issued share capital of Local 
Radio. 
 
 
For further information, please contact: 
 
 
+-------------------------------------------------------+---------------+ 
| Charles Stanley Securities (Financial Adviser to      | 020 7149 6000 | 
| UKRD)                                                 |               | 
+-------------------------------------------------------+---------------+ 
| Rick Thompson                                         |               | 
+-------------------------------------------------------+---------------+ 
| Philip Davies                                         |               | 
+-------------------------------------------------------+---------------+ 
| Carl Holmes                                           |               | 
+-------------------------------------------------------+---------------+ 
 
 
Charles Stanley Securities, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for UKRD and 
no one else in connection with the Second Revised Offer and will not be 
responsible to anyone other than UKRD for providing the protections afforded to 
its clients or for providing advice in relation to the Second Revised Offer, the 
contents of the Second Revised Offer Document or this announcement or any 
transaction or arrangement or other matter referred to herein. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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