Bond International Software PLC Adjournment of General Meeting (8721K)
September 26 2016 - 12:21PM
UK Regulatory
TIDMBDI
RNS Number : 8721K
Bond International Software PLC
26 September 2016
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 OR REGULATIONS OF SUCH
JURISDICTION
26 September 2016
Bond International Software PLC ("Bond" or "the Company")
Adjournment of General Meeting
On 12 September 2016, Bond announced that it had conditionally
agreed the sale of its recruitment software division to funds
managed by Symphony Technology Group, LLC ("STG") (the "Sale"). The
Sale is conditional upon the approval of the shareholders of Bond
("Bond Shareholders") at a general meeting, which was to be held at
Courtlands, Parklands Avenue, Goring-By-Sea, Worthing, West Sussex
BN12 4NQ at 10.00 am on 28 September 2016 (the "General Meeting").
A copy of the circular relating to the Sale was sent to the Bond
Shareholders on 12 September 2016 and can also be found on the
Company's website at
www.bondinternationalsoftware.com/investor-info/.
Subsequently, on 23 September 2016, Bond and Constellation
Software UK Holdco Limited ("Constellation") jointly announced
Constellation's revised offer to acquire all of the issued and to
be issued ordinary shares of Bond not held by Constellation at a
price of 115.5 pence in cash per ordinary share (the "Revised
Offer"). A copy of the joint announcement relating to the Revised
Offer can be found on the Company's website at
www.bondinternationalsoftware.com/investor-info/.
The directors of Bond consider that there has been insufficient
time for Bond Shareholders between the announcement of the Revised
Offer and the deadline for submission or amendment of proxy forms
for the General Meeting for Bond Shareholders to consider the
Revised Offer. Therefore, the Chairman intends to adjourn the
General Meeting on 28 September 2016 in accordance with the
Company's articles of association on the basis that such
adjournment is necessary so that the business of the General
Meeting may be properly concluded.
The Company will notify Bond Shareholders in due course as to
the time and date on which the adjourned General Meeting will be
held and the time and date by which forms of proxy for the
adjourned General Meeting will require to be submitted. Bond
Shareholders who have already submitted forms of proxy for the
General Meeting and who do not wish to change their voting
instructions will not need to take any further action as their
forms of proxy will continue to be valid in respect of the
adjourned General Meeting. Bond Shareholders who have submitted
forms of proxy for the General Meeting but who wish to change their
voting instructions will be advised how to do this when the Company
notifies Bond Shareholders of the time and date of the adjourned
General Meeting.
MAR
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No.596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Enquiries:
Bond International Software plc: Tel: 01903 707070
www.bondinternationalsoftware.com
Steve Russell: Group Chief Executive
Bruce Morrison: Group Finance Director
Buchanan: Tel: 020 7466 5000
Richard Darby
Steph Watson
Houlihan Lokey Capital, Inc. (Financial adviser)
Thomas Bailey Tel: 001 404 495 7056
Cenkos Securities plc (Nomad) Tel: 020 7397 8900
Stephen Keys
Camilla Hume
Disclaimer
Houlihan Lokey Capital, Inc. ("Houlihan Lokey"), is acting
exclusively for Bond and no one else in connection with the matters
referred to in this announcement and will not be responsible to
anyone other than Bond for providing the protections afforded to
clients of Houlihan Lokey or for providing advice in connection
with such matters, the content of this announcement or any matter
or arrangement referred to herein. Neither Houlihan Lokey nor any
of its subsidiaries, branches or affiliates, owes or accepts any
duty, liability or responsibility whatsoever (whether direct or
indirect, whether in contract, in tort, under statute or otherwise)
to any person who is not a client of Houlihan Lokey in connection
with this announcement, or any statement contained herein or
otherwise.
Publication on Website
A copy of this announcement will be available on the Company's
website (www.bondinternationalsoftware.com) by no later than 12
noon (London time) on 27 September 2016. The content of the website
referred to in this announcement is not incorporated into and does
not form part of this announcement.
Responsibility statement
The Bond Directors accept responsibility for the information
contained in this announcement. To the best of the knowledge and
belief of the Bond Directors, who have taken all reasonable care to
ensure such is the case, the information contained in this
announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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