NewMedia SPARK PLC
15 December 2000
NewMedia SPARK plc ('SPARK')
Recommended offer (the 'Offer') for
Internet Indirect plc ('Internet Indirect')
Commencement of compulsory acquisition procedures
Valid acceptances of the Offer have been received from shareholders in
Internet Indirect amounting to over 90 per cent. in value of the shares in
Internet Indirect to which the Offer relates.
Accordingly, on 15 December 2000, Peel Hunt plc, on behalf of SPARK,
despatched statutory notices under the provisions of section 429(4) of the
Companies Act 1985 indicating that SPARK intends to exercise the powers
conferred by that Act to acquire compulsorily on the terms of the Offer the
remaining shares in Internet Indirect in respect of which valid acceptances
have not been received by the expiry of the requisite notice period.
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