Manufacturing Industry
GCAP MEDIA PLC - Extension of PUOSU Deadline.
PR Newswire UK Disclose, March, 2008
GCap Media plc
Re: Extension of Put Up or Shut Up deadline
The Board of GCap Media Plc ("GCap") notes the announcement by the Takeover
Panel Executive that, at the request of GCap, the deadline by which Global
Radio UK Ltd ("Global") must, unless the Takeover Panel Executive consents
otherwise, either announce a firm intention to make an offer for GCap under
Rule 2.5 of the Code or announce that it does not intend to make such an offer
under Rule 2.8, has been extended to 26 March 2008.
On 4 March 2008 GCap received an indicative, conditional proposal from Global
valuing GCap at 225p per share (the "Proposal"). This price represents an
increase of 18% over the original proposed price of 190p received from Global ...
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