XPT Xploite

 

TIDMXPT 
 
RNS Number : 8577C 
Xploite PLC 
20 November 2009 
 

 
 
20 November 2009 
Xploite plc 
("Xploite" or the "Company") 
 
 
Result of Tender Offer 
 
 
On 21 October 2009, Xploite, the operator and aggregator of strategic high 
growth IT services businesses, sent a circular to its shareholders (the 
"Circular") detailing proposals in relation to an invitation by Brewin Dolphin 
to Qualifying Shareholders to tender up to 19,000,000 Ordinary Shares for sale 
to Brewin Dolphin (the "Tender Offer") and a repurchase by the Company of the 
Ordinary Shares purchased by Brewin Dolphin pursuant to the Tender Offer (or 
otherwise a corresponding number of Ordinary Shares) (the "Repurchase"). 
 
 
The Company is pleased to announce the result of the Tender Offer, which closed 
at 3.00 pm on 19 November 2009. 
 
 
Definitions used in the Circular apply in this announcement unless the context 
requires otherwise. 
 
 
A total of 18,999,901 Ordinary Shares, representing approximately 46.5 per cent. 
of the issued share capital (and approximately 100 per cent. of the maximum 
number of Ordinary Shares that Brewin Dolphin offered to purchase under the 
Tender Offer) were validly tendered (the "Tendered Shares"). 
 
 
The Tender Offer is expected to be effected on 23 November 2009 by Brewin 
Dolphin purchasing the Tendered Shares as principal. Brewin Dolphin will then 
sell the Tendered Shares (or otherwise a corresponding number of Ordinary 
Shares) to the Company as a market purchase on AIM pursuant to the terms of the 
Repurchase Agreement. 
 
 
The CREST accounts of Shareholders who held their Tendered Shares in 
uncertificated form are expected to be credited with the Tender Offer proceeds 
no later than 27 November 2009 and cheques, with balance share certificates as 
appropriate, are expected to be dispatched to Shareholders who held their 
Tendered Shares in certificated form by the same day. 
 
 
Ordinary Shares purchased under the Tender Offer (or otherwise a corresponding 
number of Ordinary Shares) will be cancelled by the Company on completion of the 
Tender Offer and the Repurchase. 
 
 
In accordance with FSA's Disclosure and Transparency Rules, the Company advises 
that, following completion of the Tender Offer and Repurchase, its issued share 
capital will comprise 21,797,054 Ordinary Shares of 10p each. The voting rights 
of all of these shares are identical with each Ordinary Share carrying the right 
to one vote. The Company holds no Ordinary Shares in Treasury. 
 
 
The above figure of 21,797,054 may be used by Shareholders as the denominator 
for the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, the Company under the 
Disclosure and Transparency Rules. 
 
 
For further information contact: 
 
 
Xploite plc 0870 737 2001 
Ian Smith, CEO 
Robert Arrowsmith, CFO 
 
 
Brewin Dolphin 0845 213 4217 
Matt Davis 
Neil McDonald 
 
 
Hansard Group 020 7245 1100 
Justine James 
Kirsty Corcoran 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RTEFEIFESSUSEIF 
 

Xploite (LSE:XPT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Xploite (LSE:XPT)
Historical Stock Chart
From Jul 2023 to Jul 2024