TLR Local Radio

 

TIDMTLR 
 
RNS Number : 4130T 
UKRD Group Limited 
05 June 2009 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR 
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE IT 
IS UNLAWFUL TO DO SO 
 
 
5 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 TO CLOSE ON 19 JUNE 2009 
 
 
The UKRD Board is pleased to announce that, as at 1.00 p.m. on 4 June 2009, 
valid acceptances of the Second Revised Offer have been received in respect of a 
total of 30,300,749 Local Radio Shares, representing approximately 42.08 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 45,535,205 Local Radio Shares, representing 
approximately 63.24 per cent. of the existing issued share capital of Local 
Radio. 
 
 
The UKRD Board is now pleased to declare that UKRD's Second Revised Offer for 
the entire issued and to be issued ordinary share capital of Local Radio will 
close at 1.00 p.m. on 19 June 2009. 
 
 
Notice is hereby given that Local Radio Shareholders have until 1.00 p.m. on 
Friday 19 June 2009 to submit their acceptances of the Second Revised Offer. 
Local Radio Shareholders who have not yet accepted the Second Revised Offer are 
urged to do so as soon as possible. 
 
 
Local Radio Shareholders who have not yet accepted the Second Revised Offer and 
who hold their Local Radio Shares in certificated form (that is, not in CREST) 
are urged to accept the Second Revised Offer by completing, signing and 
returning the New Form of Acceptance in accordance with the instructions set out 
in the Second Revised Offer Document and on the New Form of Acceptance so as to 
be received by Capita Registrars Limited, Corporate Actions, The Registry, 34 
Beckenham Road, Beckenham, Kent, BR3 4TU as soon as possible and no later than 
1.00 p.m. on 19 June 2009. 
 
 
Local Radio Shareholders who have not yet accepted the Second Revised Offer and 
who hold their Local Radio Shares in uncertificated form (that is, in CREST) are 
urged to accept the Second Revised Offer by sending (or procuring the sending 
of) a TTE Instruction in accordance with the instructions set out in the Second 
Revised Offer Document as soon as possible and no later than 1.00 p.m. on 19 
June 2009. 
 
 
Settlement of consideration 
 
 
Settlement of the consideration in respect of further acceptances of the Second 
Revised Offer which are received and are valid and complete in all respects will 
be despatched within 14 days of receipt thereof. 
 
 
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 announcement is not intended to, and does not, constitute or form any part 
of an offer to sell or an invitation to purchase or subscribe for any securities 
or the solicitation of an offer to purchase or subscribe for any securities 
pursuant to the Second Revised Offer or otherwise. The Second Revised Offer is 
made solely through the Second Revised Offer Document and (in respect of Local 
Radio Shares held in certificated form) the New Form of Acceptance, which 
together contain the full terms of the Second Revised Offer, including details 
of how to accept the Second Revised Offer. Any acceptance of or other response 
to the Second Revised Offer should be made only on the basis of the information 
contained in the Second Revised Offer Document and (in respect of Local Radio 
Shares held in certificated form) the New Form of Acceptance. The Second Revised 
Offer is subject to the applicable requirements of the City Code, the Panel, the 
London Stock Exchange and the Financial Services Authority. 
 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the UK may be restricted by law and therefore any persons who are nor 
resident in the UK or who are subject to the laws of any jurisdiction other than 
the UK should inform themselves about, and observe, any applicable requirements. 
Any failure to comply with the applicable requirements may constitute a 
violation of the securities laws of any such jurisdiction. This announcement has 
been prepared for the purpose of complying with English law and the City Code 
and the information disclosed herein may not be the same as that which would 
have been disclosed if this announcement had been prepared in accordance with 
the laws of jurisdictions outside the UK. 
 
 
The Second Revised Offer is not being made, directly or indirectly, or by the 
use of the mails of, or by any means or instrumentality (including, without 
limitation, facsimile or other electronic transmission, telex or telephone) of 
inter-state or foreign commerce or any facility of, a national securities 
exchange of any jurisdiction if to do so would constitute a violation of the 
relevant laws of such jurisdiction ("Restricted Jurisdiction") (including the 
United States, Canada, Australia or Japan), and the Second Revised Offer is not 
capable of acceptance by any such use, means, instrumentality or facility or 
from within a Restricted Jurisdiction. Accordingly, copies of the Second Revised 
Offer Document, the New Form of Acceptance (in respect of certificated Local 
Radio Shares) and this announcement are not being, and must not be, directly or 
indirectly, mailed, transmitted or otherwise forwarded, distributed or sent in 
or into or from a Restricted Jurisdiction and persons receiving such documents 
(including, without limitation, custodians, nominees and trustees) must not 
mail, transmit, or otherwise forward, distribute or send them in or into or from 
a Restricted Jurisdiction. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPFIMATMMAMBLL 
 

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