Statement re Share Price Movement
16 February 2012
Ingenious Media Active Capital Limited (“the Company”)
The Company notes the recent rise in its share price. While the Directors know of no specific reason for this rise, shareholders are aware that the Company continues to look for suitable realisations of their portfolio companies. Discussions with potential suitors are always ongoing. The Company notes that it has received a non binding indicative offer for one of its investee companies which is being considered by the Company, which if concluded on the terms contained therein would be at a premium to its stated book value and would be a material transaction for the Company and its shareholders. The indicative offer is subject to numerous subjective conditions including as to due diligence. This may or may not lead to the sale of the investee company and there can be no certainty that any sale will be concluded or if a sale is concluded at what price. A further announcement will be made in due course.
Enquiries:
IMAC
Patrick McKenna/ Patrick Bradley
020 7319 4000
Canaccord Genuity Limited
Bhavesh Patel
020 7050 6500
MHP Communications
Reg Hoare / Barnaby Fry / Simon Hockridge / Giles Robinson
020 3128 8100