Levels of Acceptances
August 14 2003 - 2:01AM
UK Regulatory
RNS Number:6588O
Alphameric PLC
14 August 2003
Alphameric plc
14 August 2003
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Recommended offer by Investec Investment Banking on behalf of Alphameric plc for
Compass Software Group Plc
Levels of acceptances and extension of the Offer
Alphameric plc ("Alphameric") announces that, as at 3.00 p.m. on 13 August 2003,
being the first closing date of the Offer, valid acceptances of the Offer had
been received in respect of a total of 10,473,669 Compass Shares representing
approximately 88.62 per cent. of the existing issued ordinary share capital of
Compass Software Group Plc ("Compass").
Prior to making the Offer, Alphameric received irrevocable undertakings to
accept the Offer and a non-binding letter of intent to accept the Offer in
respect of, in aggregate, 8,321,439 Compass Shares, representing, in aggregate,
approximately 70.42 per cent. of ordinary share capital of Compass in issue as
at 23 July 2003. As at 3.00 p.m. on 13 August 2003, valid acceptances in respect
of a total of 7,971,707 Compass Shares, representing approximately 67.46 per
cent. of the existing issued ordinary share capital of Compass had been received
pursuant to these undertakings and are included in the valid acceptances above.
The balance of the irrevocable undertakings are expected to be received shortly.
Alphameric announces that it is extending the time for acceptance of the Offer
to 3.00 p.m. on 27 August 2003. Compass Shareholders who have not yet accepted
the Offer, and wish so to do, should despatch their Forms of Acceptance as soon
as possible.
The expressions used in this announcement, unless the context otherwise
requires, bear the same meaning as in the Offer Document dated 23 July 2003.
Enquiries:
Alphameric plc 01483 293986
Alan Morcombe, Group Chief Executive
Mike McLaren, Group Managing Director
Investec Investment Banking 020 7597 5970
Gareth Thomas, Director of Corporate Finance
Patrick Robb, Director of Corporate Broking
Weber Shandwick Square Mile 020 7067 0700
Nick Oborne
Susanne Walker
Investec Investment Banking, a division of Investec Bank (UK) Limited, which is
regulated in the United Kingdom by the Financial Services Authority, is acting
exclusively for Alphameric as financial adviser in relation to the Offer and is
not acting for any other person in relation to such Offer. Investec Investment
Banking will not be responsible to anyone other than Alphameric for providing
the protections afforded to its clients or for providing advice in relation to
the contents of this announcement or any arrangement referred to herein.
For the purposes of this announcement it is assumed that there are 11,817,458
Compass Shares in issue.
The Offer is not being made, directly or indirectly, in or into, or by the use
of the mails, or by any means of instrumentality (including without limitation,
facsimile transmission, electronic mail, telex or telephone) of interstate or
foreign commerce, or of any facility of a national securities exchange, of the
United States, Canada, Australia or Japan. Accordingly, copies of this
announcement and other documents relating to the Offer are not being, and must
not be, mailed or otherwise distributed or sent in or into or from the United
States, Canada, Australia or Japan and persons receiving such documents
(including custodians, nominees and trustees) must not distribute or send them
in or into or from such jurisdictions.
This information is provided by RNS
The company news service from the London Stock Exchange
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