PER Perform

TIDMPER

RNS Number : 6695Y

Access Industries (UK) Limited

02 December 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

2 December 2014

MANDATORY FINAL CASH OFFER

(the "Offer")

by

AI PG LLC (the "Purchaser")

(part of the ACCESS INDUSTRIES GROUP)

for

PERFORM GROUP PLC (the "Company")

Offer closed and levels of acceptance

Offer closed

The Offer has now closed.

Level of acceptances and ownership

As at 1.00 p.m. (London time) on 2 December 2014, the Purchaser had received valid acceptances of the Offer which, together with Perform Shares acquired by the Purchaser, result in the Purchaser and those persons acting in concert with it holding Perform Shares carrying, in aggregate, 231,221,367 Perform Shares representing approximately 87.31 per cent. of the voting rights normally exercisable at a general meeting of Perform, comprised as follows:

 
 Valid acceptances of 
  the Offer                   99,212,251    37.46% 
 Perform Shares held 
  by: 
 The Purchaser                19,956,652     7.53% 
 Premium TV Group Limited    112,052,464    42.31% 
 Total                       231,221,367   87.31 % 
 

The number of valid acceptances of the Offer above includes the following number of Perform Shares previously held by persons acting in concert with the Purchaser:

 
 Lincoln Benet     481,133 
 Jorg Mohaupt      568,620 
 Thomas Harding     20,412 
 

Other information

Save as disclosed in this announcement, neither the Purchaser, nor any person acting in concert with the Purchaser, has an interest in or has any rights to subscribe for any relevant securities of the Company nor has any short position or any arrangement in relation to any relevant securities of the Company. For these purposes, "arrangement" includes any agreement to sell or any delivery obligation or option arrangement or right to require another person to purchase or take delivery of any relevant securities of the Company and any borrowing or lending of any relevant securities of the Company which have not been on-lent or sold and any outstanding irrevocable undertaking with respect to any relevant securities of the Company.

Save where defined in this announcement, terms defined in the Offer Document have the same meaning in this announcement.

ENQUIRIES:

For further information contact:

The Purchaser / PTV

Lincoln Benet

Jorg Mohaupt

Thomas Harding

   Phone:   +44 20 7569 8686 

Brunswick Group (Press agent for Purchaser and PTV)

Ben Fry

bfry@brunswickgroup.com

Andrew Garfield

agarfield@brunswickgroup.com

   Phone:   +44 20 7404 5959 

Credit Suisse (Financial adviser to Purchaser)

David Wheeler

Stuart Upcraft

Stuart Field

Joe Hannon

   Phone:   +44 20 7888 8888 

IMPORTANT NOTICES

The release, publication or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by law, the Purchaser disclaims any responsibility or liability for the violation of such restrictions by such persons.

Credit Suisse, which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting exclusively as financial adviser to the Purchaser and for no one else in connection with the Offer and will not be responsible to any person other than the Purchaser for providing the protections afforded to clients of Credit Suisse, nor for providing advice in relation to the Offer, the content of this announcement or any matter referred to herein. Neither Credit Suisse nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this revised Offer, any statement contained herein or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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