Statement re Possible Offer
April 12 2006 - 2:40PM
UK Regulatory
RNS Number:4813B
Entertainment Rights PLC
12 April 2006
ENTERTAINMENT RIGHTS PLC ("ENTERTAINMENT RIGHTS")
WITHDRAWAL OF POSSIBLE OFFER FOR CHORION PLC ("CHORION")
Entertainment Rights announced on 23 March 2006 that it was considering a
possible offer for Chorion. With the co-operation of Chorion, Entertainment
Rights has subsequently conducted due diligence.
Following this work Entertainment Rights has decided that it will not proceed
with an offer to acquire Chorion and discussions with Chorion have ceased.
For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the
"City Code"), Entertainment Rights reserves the right to announce an offer or
possible offer for Chorion and/or to participate in any offer or possible offer
for Chorion and/or to take any other action which would otherwise be restricted
under Rule 2.8 of the City Code within six months of the date of this
announcement in the event of a material change in circumstances or that the
Board of Chorion agrees to the making of such an announcement or the taking of
such action or a third party announces a possible offer or firm intention to
make an offer for Chorion.
Contacts:
David Rydell/Nick Lambert +44 (0) 20 7861 3232
Bell Pottinger
This information is provided by RNS
The company news service from the London Stock Exchange
END
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