Update on the announcement made on 21 April 2008
Update on the announcement made on 21 April 2008 (the "Announcement") regarding an approach that may or may not lead to a possible offer for the shares in TMH
The Announcement was made on 21 April 2008 as a result of a movement in the Company's share price coinciding with an initial enquiry as to whether the Board would contemplate an offer for TMH.
The Directors of TMH now believe that an offer for the issued share capital of the Company will not come from this source.
As a consequence, the Company is no longer regarded by the Panel on Takeovers and Mergers as being in an 'offer period' under the Takeover Code.
The Directors continue to see high levels of interest in TMH's technologies and with the Company's current market capitalisation the Directors believe that interest of this kind from other parties cannot be ruled out.
It is TMH's intention to continue to work with clients to build a long term substantial drug delivery business.
Publish Date: Friday, July 18, 2008