Daisy : Notice of Cancellation



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

19 December 2014

For immediate release

DAISY GROUP PLC

("Daisy" or the "company")

NOTICE OF CANCELLATION

Further to the announcement made by Chain Bidco plc ("Bidco ") on 9 December 2014 that it had acquired or had received valid acceptances of the Offer in respect of, in aggregate, 261,230,066 Daisy Shares (representing approximately 97.85 per cent. of the total issued share capital of the Company) the Company has, at the request of Bidco, applied to the London Stock Exchange for the cancellation of trading in Daisy Shares on AIM ("Cancellation ").

It is expected that Cancellation will occur  at 7.00 a.m. on 22 January 2015 after which time Daisy Shares will no longer be admitted to trading on AIM.

Cancellation will significantly reduce the liquidity and marketability of any Daisy Shares in respect of which the Offer has not been accepted.

Terms used but not defined in this announcement shall have the meaning given to them in the Offer Document dated 17 November 2014.

Enquiries:

Liberum (Rule 3 Adviser, Nominated Adviser and Corporate Broker to Daisy)

Tel: [phone]

Steve Pearce   

Neil Patel

Steve Tredget

Oakley Capital Corporate Finance (financial adviser to Daisy)

Tel: [phone]

Chris Godsmark           

Chris Brooks

Zishaan Arshad

Marc Jones

Redleaf (media enquiries for Daisy)

Tel: [phone]

Rebecca Sanders-Hewett

Jenny Bahr

Rachael Brown

Liberum Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Daisy as its adviser for the purposes of Rule 3 of the Code and for no one else in connection with the Offer and this announcement and will not be responsible to anyone other than Daisy for providing the protections afforded to clients of Liberum Capital nor for providing advice in connection with the Offer or this announcement or any matter referred to herein.

Oakley Capital Limited is authorised and regulated by the Financial Conduct Authority. Oakley Capital Limited is acting as financial adviser exclusively for Daisy and no one else in connection with the matters set out in this announcement and will not regard any other person as its client nor be responsible to anyone other than Daisy for providing the protections afforded to clients of Oakley Capital Limited nor for providing advice in relation to the matters referred to in this announcement .

This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, an offer or invitation or the solicitation of any offer to sell or purchase any securities or the solicitation of any offer to otherwise acquire, subscribe for, sell or otherwise dispose of any security pursuant to the Offer or otherwise. The Offer will be made solely by means of the Offer Document and, in respect of Daisy Shares held in certificated form, the Form of Acceptance, which will contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. Any decision in respect of, or other response to, the Offer should be made only on the basis of the information contained in those documents.

This announcement does not constitute a prospectus or prospectus equivalent document.

Ends

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