IDO Idmos

RNS Number:6330N
IDMoS plc
08 February 2008




For Immediate Release                                       8th February 2008


                           IDMoS plc (the "Company")

IDMoS plc (AIM: IDO) ("IDMoS" or the "Company"), the specialist in disease
detection and monitoring technology, announces that further to the announcement
made at 10.34 am this morning, 8th February 2008, the Company confirms a range
of transactions are under contemplation with a private, profitable company
including an offer for the entire share capital of the Company. Discussions are
at an early stage and accordingly no certainty can be forthcoming as to the
terms on which any offer can be made.


The City Code on Takeovers and Mergers (the "City Code")


1) Rule 2.10 of the City Code

In accordance with Rule 2.10 of the City Code, the Company confirms that it has
24,073,212 ordinary shares of 5 pence each in issue under the ISN code
GB00B035JB54.


2) "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 IDMoS plc, 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 3.30 pm (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acceptances, lapses or is otherwise withdrawn or on which the "offer period"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
IDMoS plc, they will be deemed to be a single person for the purpose of Rule
8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of IDMOS plc by IDMoS plc 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
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."




For further information please contact:

IDMoS plc                                                          01382 598440
Graham Lay, Chief Executive Officer

Buchanan Communications
Diane Stewart                                                +44 (0)131 226 6150
Tim Anderson                                                 +44 (0)207 466 5000
James Montgomerie                                            +44 (0)131 225 9864

Nomura Code Securities                                       
Charles Walker                                               +44 (0)20 7776 1206




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
OFDSSUFEASASEEE

Idmos (LSE:IDO)
Historical Stock Chart
From Oct 2024 to Nov 2024

Idmos (LSE:IDO)
Historical Stock Chart
From Nov 2023 to Nov 2024