IBG Internet Bus.

RNS Number:4469K
Internet Business Group
20 December 2007


 

Not for release, publication or distribution, in whole or in part, in, into or
    from any jurisdiction where to do so would constitute a violation of the
                       relevant laws of such jurisdiction

       RECOMMENDED OFFER BY TMN GROUP PLC FOR INTERNET BUSINESS GROUP PLC

  to be effected by means of a Scheme of Arrangement under section 425 of the
                               Companies Act 1985

                         Posting of the Scheme Document


Further to the announcement made by TMN and IBG on 14 December 2007 of a
recommended offer for IBG to be made by TMN, the Board of IBG is pleased to
announce that the Scheme Document has been posted to Shareholders.

The Offer is being implemented by way of a scheme of arrangement under section
425 of the Companies Act 1985. The Court Meeting and the General Meeting to
approve the Scheme will both be held on 23 January 2008.

Terms defined in the offer announcement dated 14 December 2007 shall have the
same meaning in this announcement.

Enquiries:

INTERNET BUSINESS GROUP PLC
Maziar Darvish, CEO 07967 039 693

STRAND PARTNERS
(Financial adviser to IBG)
James Harris 020 7409 3494
Braden Saunders

ST HELEN'S CAPITAL
(Broker to IBG)
Ruari McGirr 020 7628 5582

TAVISTOCK COMMUNICATIONS
Matt Ridsdale 020 7920 3150

Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for IBG and no-one
else in connection with the Acquisition and the Scheme and will not be
responsible to anyone other than IBG for providing the protections afforded to
clients of Strand Partners Limited nor for providing advice in relation to the
Acquisition and the Scheme, or any other matter or arrangement referred to in
this announcement.







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

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