The Board of PLUS Markets Group plc ("PLUS" or the "Company") makes the following update announcement to shareholders.
On 3 February 2012, the Company announced the commencement of a formal sale process to identify appropriate partners for the Company or major strategic investors. The deadline for receipt of indicative proposals from interested parties was 30 March 2012.
The Company has received a number of indicative proposals which are under consideration. Potential offerors have been provided with access to management and a detailed data room. The Board hopes to be in a position to make a further announcement in the coming weeks.
The Board reserves the right to alter any aspect of the formal sale process as outlined in its announcement of 3 February 2012 or to terminate it at any time and in such cases, the Company will make an announcement as appropriate.
The Board reserves the right to reject any approach or terminate discussions with any interested party or participant at any time. There can be no certainty that any offer will be made for the Company or any other proposal for strategic investment or as to the level of any proposal or offer that may be made.