UKRD extends offer deadline
UKRD has extended its offer of 2p per share for The Local Radio Company by a further two weeks, after receiving valid acceptances from only 23.27 per cent of shareholders.
As a result of the extra shares purchased for 2p each, UKRD now holds (or has agreed to hold) a 36.78 per cent of existing issued share capital of TLRC. The first closing date of the offer was 1pm yesterday (21st April).
In an [link=http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2140489&source=RNS]announcement[/link] this morning, UKRD said that the Offer is being extended for a further 14 days and will remain open for acceptance until 1.00 p.m. (London time) on 5 May 2009.