Inspired Gaming Group plc
07 September 2007
Inspired Gaming Group PLC ('the Company')
Comment on Press Speculation
The board of the Company has noted the recent press speculation. The board
announces that it has received an indicative offer from a financial institution
at a price of 385 pence in cash per ordinary share. The Company has entered into
discussions with this financial institution which has commenced a due diligence
process. There can be no guarantee that this approach will result in an offer
being made for the Company.
This announcement has been made with the agreement and prior approval of the
financial institution concerned.
A further announcement will be made in due course.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes 'interested' (directly or indirectly) in 1% or more of any
class of 'relevant securities' of the Company, all 'dealings' in any 'relevant
securities' of that company (including by means of an option in respect of, or a
derivative referenced to, any such 'relevant securities') must be publicly
disclosed by no later than 3.30pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared, unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the 'offer period'
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an 'interest' in 'relevant
' securities' of the Company, they will be deemed to be a single person for the
purpose of Rule 8.3.
Under the provision of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of the Company, or by any of their respective 'associates', must be
disclosed by no later than 12.00 noon (London time) on the London business day
following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at <http://><
www.thetakeoverpanel.org.uk/>.
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.
If you are in any doubt as to the application of Rule 8 to you, please contact
an independent financial advisor authorised under the Financial Services and
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013.
For further information please contact:
Andy Berry Fishburn Hedges +44 (0) 20 7389 4321
+44 (0) 7767 374421
Morgan Bone Fishburn Hedges +44 (0)20 7389 4321
+44 (0) 7767 622967
Evolution Securities as Nominated Adviser to the Company:
Stuart Andrews 020 7071 4300
This information is provided by RNS
The company news service from the London Stock Exchange
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