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Worldlink Group Plc (WGP)

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Friday 17 February, 2012

Worldlink Group Plc

Shareholder Letter

RNS Number : 6775X
Worldlink Group Plc
17 February 2012
 



Dear Shareholder

 

On 3rd February 2012 it was announced that Worldlink Group plc. (LSE: WGP) was in discussion with The One Media Technology Corporation (the "Offeror" or "One Media") with a view to a possible offer for all of the outstanding share capital of Worldlink.  As a result of that announcement, the Offeror has until 2nd March 2012 to make an offer for the Worldlink.  The original announcement noted that "While the Offeror is contemplating an offer, the talks may or may not lead to the making of an offer" and "This approach does not constitute a firm intention to make an offer on behalf of the Offeror".

 

Following discussions with our advisers, we have concluded that it is unlikely that One Media will be in a position to make an offer which would be acceptable to the Board.  However, we continue to maintain a cordial commercial relationship with One Media and await their further intentions. 

 

A further announcement will be made in due course.

 

 

Neil Riches                                                                                                         01737 221 078

Managing Director

Worldlink Group plc.

 

Tim Lyle                                                                                                               020 7101 7676

City & Merchant Limited

Advisor                                                                                                                               

 

Jon Bellis                                                                                                             020 7101 7070

XCAP Securities plc.

Broker                                                                                 

 

Mike Wort/Anna Dunphy                                                                             020 7556 1063/4

De Facto Financial

PR

 

 

 

 


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