EID Eidos

 

TIDMEID 
 
RNS Number : 5018P 
Square Enix Holdings Co Limited 
26 March 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION 
 
 
26 March 2009 
OFFER UPDATE 
Recommended Cash Offer 
for 
Eidos plc ("Eidos") 
 by 
SQEX Ltd ("SQEX") 
 a wholly owned subsidiary of 
Square Enix Holdings Co. 
Ltd 
 
 
Further to the announcement made on 12 February 2009 of the recommended cash 
offer for Eidos by SQEX and the circular issued by Eidos in connection with this 
dated 4 March 2009 (the "Scheme Document"), Square Enix announces, in accordance 
with Rule 8.4 of the Takeover Code that it has received notification from 
Cazenove Management Ltd. that the irrevocable undertaking it gave to vote in 
favour of the Scheme and the resolutions to be passed at the Court meeting and 
the Extraordinary General Meeting extends to a holding of 25,718,916 Eidos 
Shares (as opposed to 26,225,256 Eidos Shares which was previously announced) 
representing approximately 9.8 per cent. of the existing issued share capital of 
Eidos. 
Square Enix therefore has total irrevocable undertakings in respect of 
84,441,149 Eidos Shares representing approximately 32.0 per cent. of the 
existing issued share capital of Eidos. SQEX has also received a letter of 
intent in respect of 8,919,628 Eidos Shares representing approximately 3.4 per 
cent. of the existing issued share capital of Eidos. 
Words and expressions defined in the Scheme Document shall, unless the context 
otherwise requires, have the same meanings when used in this announcement. 
+------------------------------------------------------------------+---------------------------------+ 
| Enquiries:                                                       |                                 | 
+------------------------------------------------------------------+---------------------------------+ 
| SQEX/Square Enix                                                 |                                 | 
+------------------------------------------------------------------+---------------------------------+ 
| Michihiro Sasaki                                                 | +81 3 5333 1144                 | 
|                                                                  |                                 | 
+------------------------------------------------------------------+---------------------------------+ 
| UBS Investment Bank (Financial Adviser to SQEX/Square Enix)      |                                 | 
+------------------------------------------------------------------+---------------------------------+ 
| Andrew Cowper                                                    | +44 20 7568 0000                | 
| Thomas Onions                                                    |                                 | 
|                                                                  |                                 | 
+------------------------------------------------------------------+---------------------------------+ 
 
 
UBS, is acting exclusively for SQEX and Square Enix and no one else in 
connection with the Acquisition and will not be responsible to anyone other than 
SQEX and Square Enix for providing the protections afforded to clients of UBS 
Investment Bank, or for providing advice in connection with the Acquisition or 
any matter referred to in this announcement. 
 
 
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, 
"interested" (directly or indirectly) in 1 per cent. or more of any class of 
"relevant securities" of Eidos, all "dealings" in any "relevant securities" of 
Eidos (including by means of an option in respect of, or a derivative referenced 
to, any such "relevant securities") must be publicly disclosed by no later than 
3.30 pm (London time) on the Business Day following the date of the relevant 
transaction. This requirement will continue until the date on which the Scheme 
becomes effective or lapses or on which the "offer period" otherwise ends. If 
two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire an "interest" in "relevant securities" of 
Eidos, they will be deemed to be a single person for the purpose of Rule 8.3. 
Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevant 
securities" of Eidos by SQEX or Eidos, or by any of their respective 
"associates", must be disclosed by no later than 12.00 noon (London time) on the 
Business Day following the date of the relevant transaction. 
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk. 
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
Terms in quotation marks are defined in the City Code, which can also be found 
on the Panel's website. If you are in any doubt as to whether or not you are 
required to disclose a "dealing" under Rule 8, please contact an independent 
financial adviser authorised under the Financial Services and Markets Act 2000, 
consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel 
on telephone number +44 (0) 20 7638 0129; fax +44 (0) 20 7236 7013. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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