NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
2 December 2014
MANDATORY FINAL CASH OFFER
(the "Offer")
by
AI PG LLC (the "Purchaser")
(part of the ACCESS INDUSTRIES GROUP)
for
PERFORM GROUP PLC (the "Company")
Offer closed and levels of acceptance
Offer closed
The Offer has now closed.
Level of acceptances and ownership
As at 1.00 p.m. (London time) on 2 December 2014, the Purchaser had received valid acceptances of the Offer which, together with Perform Shares acquired by the Purchaser, result in the Purchaser and those persons acting in concert with it holding Perform Shares carrying, in aggregate, 231,221,367 Perform Shares representing approximately 87.31 per cent. of the voting rights normally exercisable at a general meeting of Perform, comprised as follows:
Valid acceptances of the Offer | 99,212,251 | 37.46% |
Perform Shares held by: | ||
The Purchaser | 19,956,652 | 7.53% |
Premium TV Group Limited | 112,052,464 | 42.31% |
Total | 231,221,367 | 87.31 % |
The number of valid acceptances of the Offer above includes the following number of Perform Shares previously held by persons acting in concert with the Purchaser:
Lincoln Benet | 481,133 |
Jorg Mohaupt | 568,620 |
Thomas Harding | 20,412 |
Other information
Save as disclosed in this announcement, neither the Purchaser, nor any person acting in concert with the Purchaser, has an interest in or has any rights to subscribe for any relevant securities of the Company nor has any short position or any arrangement in relation to any relevant securities of the Company. For these purposes, "arrangement" includes any agreement to sell or any delivery obligation or option arrangement or right to require another person to purchase or take delivery of any relevant securities of the Company and any borrowing or lending of any relevant securities of the Company which have not been on-lent or sold and any outstanding irrevocable undertaking with respect to any relevant securities of the Company.
Save where defined in this announcement, terms defined in the Offer Document have the same meaning in this announcement.
ENQUIRIES:
For further information contact:
The Purchaser / PTV
Lincoln Benet
Jorg Mohaupt
Thomas Harding
Phone: +44 20 7569 8686
Brunswick Group (Press agent for Purchaser and PTV)
Ben Fry
bfry@brunswickgroup.com
Andrew Garfield
agarfield@brunswickgroup.com
Phone: +44 20 7404 5959
Credit Suisse (Financial adviser to Purchaser)
David Wheeler
Stuart Upcraft
Stuart Field
Joe Hannon
Phone: +44 20 7888 8888
IMPORTANT NOTICES
The release, publication or distribution of this announcement in, into or from 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 the restrictions may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by law, the Purchaser disclaims any responsibility or liability for the violation of such restrictions by such persons.
Credit Suisse, which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting exclusively as financial adviser to the Purchaser and for no one else in connection with the Offer and will not be responsible to any person other than the Purchaser for providing the protections afforded to clients of Credit Suisse, nor for providing advice in relation to the Offer, the content of this announcement or any matter referred to herein. Neither Credit Suisse nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this revised Offer, any statement contained herein or otherwise.
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