Eurovestech PLC Further re Tender Offer
September 11 2012 - 1:00AM
UK Regulatory
TIDMEVT
This announcement should not be transmitted, distributed or released in or onto
any jurisdiction in which such an act would constitute a violation of the
relevant laws of such jurisdiction.
11 September 2012
Tender Offer for E Shares of Eurovestech plc ("Eurovestech")
by Cenkos Securities plc ("Cenkos")
Introduction
Cenkos acts as broker to Eurovestech.
On 17 August 2012 Eurovestech announced that following completion of the sale
of a 40 per cent. interest in its wholly-owned portfolio company, Knowledge
Support Systems Limited, it proposed to return approximately GBP4.4 million to
Shareholders by way of the Return of Cash. A circular setting out further
details of the Return of Cash and incorporating a notice convening a General
Meeting (the "Circular") was posted to Shareholders that day. The Resolution to
approve the Return of Cash was duly passed by Shareholders on 6 September 2012
and E Shares were issued to Shareholders on 7 September 2012.
Unless otherwise defined herein, terms defined in the Circular shall have the
same meaning in this announcement.
E Share Tender Offer
Cenkos, acting as principal, hereby makes the E Share Tender Offer to purchase
291,087,897 E Shares in respect of which valid acceptances of the E Share
Tender Offer have been received and not withdrawn from Shareholders on the
terms set out in the Circular.
Shareholders who have not validly returned a Form of Acceptance or validly
submitted a TTE Instruction in respect of the E Share Tender Offer will receive
the E Share Dividend of 1.32 pence per E Share in respect of all of their E
Shares. The E Share Dividend is expected to be declared on 14 September 2012.
Shareholders who have validly accepted the E Share Tender Offer are expected to
receive payment of 1.32 pence per E Share, free of all dealing expenses and
commissions, on or about 21 September 2012.
Eurovestech plc
Richard Bernstein - Chief Executive Tel: 020 7478 9070
Merchant Securities Limited (Nomad) Tel: 020 7628 2200
David Worlidge / Virginia Bull
Cenkos Securities plc (Broker)
Camilla Hume Tel: 020 7398 8900
END
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