TIDMSPNV 
 
RNS Number : 6342V 
Spazio Investment NV 
14 July 2009 
 

Press Announcement for Immediate Release 
14 July 2009 
Spazio Investment N.V. 
("Spazio" or the "Company") 
 
 
Update re Offer 
 
 
On 13 July 2009, the Committee notified Shareholders that following the first 
Closing Date of the Offer, the Laxey Group now owns or controls 15,219,972 
Spazio Ordinary Shares, representing 66.3 per cent. of the total issued share 
capital of Spazio and that TEI has declared the Offer unconditional in all 
respects. The Offer has been extended and will remain open for acceptance until 
1.00pm on 24 July 2009 at which time the Offer will close. 
 
 
The Committee continues to believe that the Revised Offer Price of EUR5.125 
significantly undervalues the Company. However, the Laxey Group has stated that 
they may seek the cancellation of the Spazio Ordinary Shares to trading on AIM. 
In accordance with the AIM Rules, cancellation of the Spazio Ordinary Shares to 
trading on AIM would be conditional upon the consent of not less than 75 per 
cent. of the votes cast by Shareholders given in general meeting. If the 
admission of the Spazio Ordinary Shares is cancelled, there will be no public 
market in the Spazio Ordinary Shares and Shareholders should be aware that they 
may have difficulty in realising their investment in the Company. 
 
 
The Committee believes that Shareholders should take the information above into 
consideration in determining whether or not to accept the Offer. 
 
 
In accordance with the Company's articles of association, the Company confirms 
that is has 22,945,847 ordinary shares of EUR0.20 in issue and admitted to trading 
on the London Stock Exchange under the ISIN code of NL0000686319. 
 
 
The definitions used in this Announcement are contained either in the Offer 
Response of 3 July 2009 or in the announcement from the Committee in respect of 
the Revised Offer on 7 July 2009. 
 
 
+-----------------------------------------+------------------------------------+ 
| Enquiries                               |                                    | 
|                                         |                                    | 
+-----------------------------------------+------------------------------------+ 
| Spazio Investment N.V                   | +44 (0) 7802 244 033               | 
| John Duggan                             |                                    | 
+-----------------------------------------+------------------------------------+ 
|                                         |                                    | 
+-----------------------------------------+------------------------------------+ 
| Deutsche Bank - Nominated Adviser and   | +44 20 7545 8000                   | 
| Financial Adviser                       |                                    | 
+-----------------------------------------+------------------------------------+ 
| Ben Lawrence                                                                 | 
| Situl Jobanputra                                                             | 
+------------------------------------------------------------------------------+ 
|                                         |                                    | 
+-----------------------------------------+------------------------------------+ 
| Oriel Securities - Joint Broker         | +44 20 7710 7600                   | 
| Richard Crawley                         |                                    | 
+-----------------------------------------+------------------------------------+ 
|                                         |                                    | 
+-----------------------------------------+------------------------------------+ 
| Brunswick Group LLP                     | +44 20 7404 5959                   | 
| Justine McIlroy                         |                                    | 
+-----------------------------------------+------------------------------------+ 
 
 
 
 
Deutsche Bank AG is authorised under German Banking Law (competent authority: 
BaFin - Federal Financial Supervisory Authority) and authorised and subject to 
limited regulation by the Financial Services Authority. Details about the extent 
of Deutsche Bank AG's authorisation and regulation by the Financial Services 
Authority are available on request. Deutsche Bank AG is acting as Nominated 
Adviser and Financial Adviser to Spazio and no-one else in connection with the 
contents of this announcement and will not be responsible to anyone other than 
Spazio for providing the protections afforded to the clients of Deutsche Bank AG 
nor for providing advice in relation to any matter referred to herein. 
 
 
Oriel Securities, which is authorised and regulated by the Financial Services 
Authority in the United Kingdom, is acting as joint broker to Spazio and no one 
else in connection with the contents of this announcement and will not be 
responsible to anyone other than Spazio for providing the protections afforded 
to clients of Oriel Securities or for providing advice in relation to any matter 
referred to herein. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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