Statement in Response to Press Speculation

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[{"type":"text","content":"\n \n \n Statement in Response to Press Speculation\n \n \n\n \n Next Fifteen Communications Plc\n \n \n\n \n \n \n The board of Next Fifteen has noted the article in yesterday’s Sunday \n Telegraph and can confirm that it has received two approaches to acquire \n the entire issued share capital of the Company.\n \n \n Whilst considering these approaches, the board wishes to make it quite \n clear that discussions with the parties concerned are at a very early \n stage. It is emphasised that these discussions are preliminary and that \n there is no certainty that any offer will be forthcoming. Accordingly \n shareholders in Next Fifteen are advised that they should take no action \n at this stage.\n \n \n A further announcement will be made in due course.\n \n \n In accordance with Rule 2.10 of The Takeover Code, the Company confirms \n that as at close of business on 8 May 2009, it had the following \n relevant securities in issue:\n \n \n 54,083,299 ordinary shares of 2.5p each.\n \n \n The ISIN number for these securities is GB0030026057\n \n \n Enquiries:\n \n \n \n \n \n BDO Stoy Hayward LLP (Financial adviser to Next Fifteen)\n \n \n \n  \n \n \n \n \n \n \n Michael Cobb\n \n \n \n \n 020 7486 5888\n \n \n \n \n A copy of this announcement is available on the Company’s website at www.nextfifteen.com\n \n \n Dealing Disclosure Requirements\n \n \n Under the provisions of Rule 8.3 of the Takeover Code (the “Code”), if \n any person is, or becomes, “interested” (directly or indirectly) in 1% \n or more of any class of “relevant securities” of Next Fifteen \n Communications Group plc, all “dealings” in any “relevant securities” of \n that company (including by means of an option in respect of, or a \n derivative referenced to, any such “relevant securities”) must be \n publicly disclosed by no later than 3.30 pm (London time) on the London \n business day following the date of the relevant transaction. This \n requirement will continue until the date on which the offer becomes, or \n is declared, unconditional as to acceptances, lapses or is otherwise \n withdrawn or on which the “offer period” otherwise ends. If two or more \n persons act together pursuant to an agreement or understanding, whether \n formal or informal, to acquire an “interest” in “relevant securities” of \n Next ...

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