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IMP Imprint

113.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imprint LSE:IMP London Ordinary Share GB0030417058 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 113.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 113.00 GBX

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Posted at 01/5/2008 08:34 by nickcduk
I think you would be certifiable if you didn't accept the offer in current market conditions. Without offers on the table IMP share price would be around the 50-60p range. Glad the end is nearly in sight now.
Posted at 07/3/2008 14:34 by williebiz
3 Hydrogen has received irrevocable undertakings to vote (or procure
the vote) in favour of the Scheme at the Court Meeting and the resolutions to be
proposed at the Imprint EGM from other Imprint Shareholders in respect of
9,090,368 Imprint Shares in aggregate, representing approximately 23.72 per
cent. of Imprint's entire existing issued ordinary share capital. Details of the
irrevocable undertakings are as follows:



3.1 Artemis Investment Management Limited has irrevocably undertaken to
vote in favour of the Scheme at the Court Meeting and the resolutions to be
proposed at the Imprint EGM in respect of 1,205,000 Imprint Shares representing
approximately 3.14 per cent. of Imprint's current issued ordinary share capital.



3.2 Gartmore Investment Limited has irrevocably undertaken to vote in
favour of the Scheme at the Court Meeting and the resolutions to be proposed at
the Imprint EGM in respect of 3,101,010 Imprint Shares representing
approximately 8.09 per cent. of Imprint's current issued ordinary share capital.



3.3 Baycliffe Limited has irrevocably undertaken to vote in favour of the
Scheme at the Court Meeting and the resolutions to be proposed at the Imprint
EGM in respect of 2,325,358 Imprint Shares representing approximately 6.07 per
cent. of Imprint's current issued ordinary share capital.



3.4 Brian Hamill has irrevocably undertaken to vote in favour of the
Scheme at the Court Meeting and the resolutions to be proposed at the Imprint
EGM in respect of 2,459,000 Imprint Shares representing approximately 6.42 per
cent. of Imprint's current issued ordinary share capital.



4 The undertakings referred to in paragraph 3 above will cease to be
binding if the Scheme lapses (unless Hydrogen then makes a takeover offer for
Imprint within 14 days). The undertakings will, in certain circumstances, also
cease to be binding if a competing offer is made for Imprint which exceeds the
value of the consideration offered by Hydrogen pursuant to the Acquisition by
more than 10 per cent..
Posted at 06/3/2008 15:17 by williebiz
FYI:

APPENDIX I

DETAILS OF IRREVOCABLE UNDERTAKINGS, LETTERS OF INTENT AND LETTERS OF SUPPORT


1 Hydrogen has received irrevocable undertakings to vote (or procure
the vote) in favour of the Scheme at the Court Meeting and the resolutions to be
proposed at the Imprint EGM from the directors of Imprint in respect of 439,701
Imprint Shares in aggregate, representing approximately 1.15 per cent. of
Imprint's current issued ordinary share capital. These undertakings are
conditional on the current offer by OPD for Imprint lapsing or being withdrawn
or the directors of Imprint otherwise being released from similar undertakings
already given to OPD in respect of their holdings of Imprint Shares. Details of
these irrevocable undertakings are as follows:



1.1 John Gordon has given an irrevocable undertaking to vote in favour of
the Scheme at the Court Meeting and the resolutions to be proposed at the
Imprint EGM in respect of a total of 51,500 Imprint Shares representing
approximately 0.13 per cent. of Imprint's current issued share capital;



1.2 John Hunter has given an irrevocable undertaking to vote in favour of
the Scheme at the Court Meeting and the resolutions to be proposed at the
Imprint EGM in respect of a total of 4,000 Imprint Shares representing
approximately 0.01 per cent. of Imprint's current issued share capital;



1.3 Robert Thesiger has given an irrevocable undertaking to vote in
favour of the Scheme at the Court Meeting and the resolutions to be proposed at
the Imprint EGM in respect of a total of 375,201 Imprint Shares representing
approximately 0.98 per cent. of Imprint's current issued share capital; and



1.4 Colin Webster has given an irrevocable undertaking to vote in favour
of the Scheme at the Court Meeting and the resolutions to be proposed at the
Imprint EGM in respect of a total of 9,000 Imprint Shares representing
approximately 0.02 per cent. of Imprint's current issued share capital.



2 The undertakings referred to in paragraph 1 above will cease to be
binding if a firm announcement of a competing offer for Imprint is made, the
value of which, in Altium's reasonable opinion, exceeds the value of the
consideration offered by Hydrogen pursuant to the Acquisition calculated as at
the date of such announcement by 20 per cent. or more.



3 Hydrogen has received irrevocable undertakings to vote (or procure
the vote) in favour of the Scheme at the Court Meeting and the resolutions to be
proposed at the Imprint EGM from other Imprint Shareholders in respect of
9,090,368 Imprint Shares in aggregate, representing approximately 23.72 per
cent. of Imprint's entire existing issued ordinary share capital. Details of the
irrevocable undertakings are as follows:



3.1 Artemis Investment Management Limited has irrevocably undertaken to
vote in favour of the Scheme at the Court Meeting and the resolutions to be
proposed at the Imprint EGM in respect of 1,205,000 Imprint Shares representing
approximately 3.14 per cent. of Imprint's current issued ordinary share capital.



3.2 Gartmore Investment Limited has irrevocably undertaken to vote in
favour of the Scheme at the Court Meeting and the resolutions to be proposed at
the Imprint EGM in respect of 3,101,010 Imprint Shares representing
approximately 8.09 per cent. of Imprint's current issued ordinary share capital.



3.3 Baycliffe Limited has irrevocably undertaken to vote in favour of the
Scheme at the Court Meeting and the resolutions to be proposed at the Imprint
EGM in respect of 2,325,358 Imprint Shares representing approximately 6.07 per
cent. of Imprint's current issued ordinary share capital.



3.4 Brian Hamill has irrevocably undertaken to vote in favour of the
Scheme at the Court Meeting and the resolutions to be proposed at the Imprint
EGM in respect of 2,459,000 Imprint Shares representing approximately 6.42 per
cent. of Imprint's current issued ordinary share capital.



4 The undertakings referred to in paragraph 3 above will cease to be
binding if the Scheme lapses (unless Hydrogen then makes a takeover offer for
Imprint within 14 days). The undertakings will, in certain circumstances, also
cease to be binding if a competing offer is made for Imprint which exceeds the
value of the consideration offered by Hydrogen pursuant to the Acquisition by
more than 10 per cent..
Posted at 06/3/2008 14:11 by williebiz
Don't agree with your view that IMP share price would fall to 80-90. IMV Premier will be perfectly happy to keep accumulating @ 115p until the cows come home or until they are legally barred from doing so.
Posted at 04/3/2008 17:02 by cyberpost
Cash Offer for Imprint Plc




RNS Number:3672P
Premier Group
04 March 2008

FOR IMMEDIATE RELEASE

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 IN THAT JURISDICTION

4 March 2008

Cash offer of 115 pence per Imprint Share for Imprint PLC by Premier UK

Summary

The Boards of Premier and Premier UK are today pleased to announce an all cash
offer to acquire the entire issued and to be issued share capital of Imprint at
a price of 115 pence per Imprint Share. The Offer will be made by Premier UK,
which has been specifically formed for the purposes of making the Offer. Premier
UK is a wholly owned subsidiary of Sawbuck, which is also the holding company of
Premier.



The Offer values the entire issued and to be issued ordinary share capital of
Imprint at approximately £45.2 million and represents approximately:



* a premium of 19.8 per cent. to 96 pence, being the highest guaranteed cash
element of any offer for Imprint as at 3 March 2008, the last Business Day
prior to the date of this Announcement;
* a premium of 8.2 per cent. to the Closing Price of 106.25 pence per
Imprint Share on 3 March 2008, the last Business Day prior to the date of
this Announcement;
* a discount of 29.6 per cent. to the Closing Price of 163.25 pence per
Imprint Share on 8 August 2007, the last Business Day prior to the
commencement of the offer period relating to the Alchemy Backed Management
Approach;
* a premium of 16.1 per cent. to the average daily Closing Price of 99.0
pence per Imprint Share for the 30 day period ended 3 March 2008, the last
Business Day prior to the date of this Announcement;
* a premium of 11.0 per cent. to the current implied value of the Hydrogen
Basic Offer of 103.6 pence per Imprint Share, based on the Closing Price of
222.5 pence per Hydrogen Share on 3 March 2008, the last Business Day prior
to the date of this Announcement;
* a premium of 4.6 per cent. to the implied value of the Hydrogen Partial
Cash Alternative of 110.0 pence per Imprint Share (assuming a 100 per cent.
election by Imprint Shareholders for the Hydrogen Partial Cash Alternative),
based on the Closing Price of 222.5 pence per Hydrogen Share on 3 March
2008, the last Business Day prior to the date of this Announcement;
* a premium of 16.5 per cent. to the current implied value of the OPD Offer
of 98.7 pence per Imprint Share, based on the Closing Price of 173.5 pence
per OPD Share on 3 March 2008, the last Business Day prior to the date of
this Announcement; and
* a premium of 23.7 per cent. to the full cash alternative available under
the OPD Offer of 93 pence per Imprint Share.


The Directors of Premier believe that Imprint represents an excellent strategic
fit with the Premier Group's existing operations. In particular, they believe
that a combination of the Premier Group and the Imprint Group would create one
of the largest financial recruitment businesses in the combined UK and Irish
markets. Moreover, there is a strong geographic fit between the two businesses
in terms of office locations. Accordingly, Premier UK has today announced an
offer for the entire issued and to be issued share capital of Imprint at a price
of 115 pence per Imprint Share.



The Directors of Premier believe that the Offer represents an excellent
opportunity for Imprint Shareholders to realise cash for their Imprint Shares.
The all cash offer price of 115 pence per Imprint Share represents a premium of
approximately 19.8 per cent. to 96 pence, being the highest guaranteed cash
element of any offer for Imprint as at 3 March 2008, being the last Business Day
prior to the date of this Announcement.



Premier UK looks forward to engaging with the Board of Imprint with a view to
obtaining a recommendation from the Board of Imprint to Imprint Shareholders to
accept the Offer.



The Offer is to be made by Premier UK, a wholly owned subsidiary of Sawbuck,
which has been specifically formed for the purpose of making the Offer. Sawbuck
is the holding company of Premier.



Commenting on the Offer, Pat Fitzgerald, Chief Executive of Premier said:



"The acquisition of Imprint is a transformational opportunity for Premier. We
believe the combination of Premier and Imprint will create a market leading
financial recruitment business in the combined UK and Irish markets. Imprint
represents an excellent strategic and geographic fit with our existing
operations and provides Premier with a significant entry point to the
Asia-Pacific region. We believe that an all cash offer of 115 pence per share
represents an excellent opportunity for Imprint Shareholders to realise certain
cash value.



We look forward to engaging with the Board of Imprint with a view to obtaining a
recommendation from the Board of Imprint to Imprint Shareholders to accept the
Offer."
Posted at 26/2/2008 16:35 by cyberpost
Statement re possible offer




RNS Number:8013O
Imprint Plc
26 February 2008



Imprint Plc ("Imprint" or the "Company")


Response to statement re possible offer


The Board of directors of Imprint (the "Board") has noted the announcement by
Premier Group ("Premier") today, 26 February 2008, regarding a possible all cash
offer for the Company on the basis of 115 pence per Imprint share (the "Premier
Proposal").

The Board emphasises that the announcement made by Premier does not constitute a
formal intention to make an offer for the Company and that there can be no
certainty as to whether or not such an offer will be forthcoming or the terms on
which such an offer might be made.

The Board notes that the making of any such offer would be subject to a number
of pre-conditions, including a recommendation from the Board and the adjournment
of the extraordinary general meeting of the Company ("Imprint EGM") and Court
meeting ("Court Meeting") scheduled to take place this coming Friday 29 February
2008 relating to the proposals announced by Hydrogen Group Plc on 13 February
2008 (the "Hydrogen Proposal") and contained within the supplementary scheme
circular from the Company dated 15 February 2008 (the "Supplementary Circular").

In accordance with the announcement released by the Company on 15 February 2008,
the Board reiterates that it continues to unanimously recommend that Imprint
shareholders support and vote in favour of the Hydrogen Proposal.

In light of the extensive irrevocable undertakings, letters of intent and
letters of support relating to the Hydrogen Proposal (details of which were
included in the Supplementary Circular) the Board cannot be certain that the
Premier Proposal would obtain a sufficient level of shareholder support.

However, in light of the indicative level of the Premier Proposal and the amount
of cash it would (if made) provide to Imprint shareholders the Board intends,
having due regard to its obligations under the Implementation Agreement between
Imprint and Hydrogen and the likely attitude of the Court, to actively consider
the implications of a further adjournment of the Imprint EGM and (with the
consent of the Court) the Court Meeting so as to allow Premier a limited period
of time to decide whether or not it intends to put forward a formal offer for
Imprint.

In order for the Board to consider recommending the Premier Proposal, the Board
would need to be convinced as to its deliverability and, inter alia, that it is
capable of becoming or being declared unconditional or otherwise completing.

A further announcement will be made in due course.
Posted at 14/2/2008 07:49 by williebiz
Suitors raise offers in Imprint auction
By Robert Orr

Published: February 14 2008 02:00 | Last updated: February 14 2008 02:00

Final takeover proposals were submitted last night by the two suitors vying to take over Imprint, the City recruitment company.

The proposals from Hydrogen and OPD, rival recruitment specialists, were lodged prior to the close of the auction process imposed by the Takeover Panel.

Hydrogen's proposal is an offer of 0.461 new Hydrogen shares for each share in Imprint, valuing each Imprint share at 97.8p. Hydrogen has raised the size of the pot available to fund its cash alternative from £20.5m to £37.3m. Imprint shareholders could receive a maximum of 110p per share, providing fewer than 86.4 per cent elect to receive the cash alternative.

The maximum offer from Hydrogen would have an equity value of about £43m.

The additional financing for the Hydrogen offer is being put forward by 3i, the private equity group, and a loan from HSBC.

OPD has raised its offer from five OPD shares for every 14 Imprint shares and 33.75p to the same ratio of shares and 36.75p. The OPD cash alternative has been increased from 90p to 93p.

OPD said last night the combined strength of the two businesses "represents better value for both sets of shareholders".

Hydrogen called it an "excellent strategic fit": the combined business would be "well placed to grow in the UK and overseas".

Imprint was unavailable for comment.

Imprint shares rose 11¾p to 101¾p in anticipation of the raised bids, though they remain below the level they were trading at this time last year.

The Imprint battle began in June, when OPD bought a small stake and sought to initiate discussions.

The capture of Imprint would see the victor acquire the Accreate, ECHM, Morgan McKinley and WoodHamill brands.

Hydrogen owns Finance Professionals and Project Partners while OPD runs Hoggett Bowers and Odgers Ray & Berndtson.
Copyright The Financial Times Limited 2008
Posted at 12/2/2008 17:03 by williebiz
1 Terms of the Increased Proposal

Under the terms of the Increased Proposal, Imprint shareholders will be entitled
to receive a Basic Offer of 0.461 New Hydrogen Shares plus the Second Interim
Dividend of 1 pence in cash (payable by Imprint) for each Imprint Share (the "
Revised Basic Offer").

Alternatively, under the terms of the Increased Proposal, through the Partial
Cash Alternative, each Imprint Shareholder will be able to elect to receive the
Second Interim Dividend of 1 pence plus 110 pence in cash for each Imprint
Share, in lieu of some or all of the New Hydrogen Shares to which they would
otherwise have become entitled under the Basic Offer, subject to an aggregate
maximum amount of cash payable under the Partial Cash Alternative of £20.5
million.

The basic terms of the Increased Proposal value the entire existing issued and
to be issued share capital of Imprint at approximately £39.3 million. The
Revised Basic Offer represents:

* a premium of approximately 11.5 per cent. to the Closing Price of 89.75
pence per Imprint Share on 11 February 2008, being the last business
day Immediately prior to this announcement; and

* a discount of approximately 38.7 per cent. to the Closing Price of 163.25
pence per Imprint Share on 8 August 2007, being the last Business Day
prior to commencement of the offer period relating to discussions between
the Independent Imprint Directors and the Imprint Management Team relating
to the Alchemy Backed Approach. These discussions were terminated on 7
September 2007.

The terms of the Increased Proposal described in this announcement remain
subject to the Conditions and do not affect Hydrogen's intentions regarding the
business of Imprint, its management, employees and locations, nor the proposals
relating to the Imprint Share Schemes, each as described more fully in the
Scheme Document.

Imprint Shareholders will receive the Second Interim Dividend of 1 pence per
Imprint Share payable by Imprint subject to the Scheme becoming effective. The
Second Interim Dividend will be paid within 14 days of the Effective Date to
Imprint Shareholders on the register at 4.59 pm (London Time) on the date on
which the Scheme Court Order is delivered to the Registrar of Companies for
registration (being the time immediately prior to the Reorganisation Record
Time).

Subject to their continued recommendation by the Board of Imprint at the end of
the ongoing auction process, further details of the Increased Proposal will be
contained in a supplementary circular which would be posted by Imprint to
Imprint Shareholders as soon as reasonably practicable and in any event in
advance of the EGM and Court Meeting.
Posted at 02/2/2008 21:08 by williebiz
RNS Number:1112N
Hydrogen Group PLC
01 February 2008

1 February 2008




Recommended proposals for the acquisition of Imprint Plc ("Imprint")

Further shareholder support for Hydrogen Group plc ("Hydrogen")


On 29 January 2008, Hydrogen announced increased levels of support for its
recommended proposals for the acquisition of Imprint.

Since then, Hydrogen has received additional letters of intent from Imprint
shareholders relating, in aggregate, to 1,107,208 Imprint shares representing
approximately 2.89 per cent. of the existing issued ordinary share capital of
Imprint to vote in favour of Hydrogen's recommended proposals for the
acquisition of Imprint (the "Hydrogen Acquisition"). Further details of these
new letters are outlined in Appendix I to this announcement.

The table below summaries the undertakings and letters of intent received by
Hydrogen from Imprint shareholders to vote in favour of, the Hydrogen
Acquisition and letters of support for the Hydrogen Acquisition from holders of
long CFD positions in relation to Imprint Shares ("Imprint CFDs"):


Number of shares Percentage
Irrevocable Undertakings 9,530,069 24.87%
Letter of Intent 7,532,454 19.65%
Letters of support from Imprint CFD holders 2,127,685 5.55%



Based on closing prices on 31 January 2008, the last business day prior to the
date of this announcement, Hydrogen's basic all share offer (the "Basic Offer")
values each Imprint ordinary share at 101 pence and the OPD Group plc offer
values each Imprint ordinary share at 58.7 pence. Assuming all Imprint
shareholders elect for the Partial Cash Alternative in full, an Imprint
Shareholder would receive 52.2 pence in cash and 0.237 in New Hydrogen Shares,
representing, in aggregate, 104.4 pence per Imprint Share.

Imprint shareholders who have accepted the OPD Offer are reminded that they are
now entitled to withdraw such acceptance. Details of the procedure for
withdrawing an acceptance of the OPD offer are available from Capita Registrars
on 0870 162 3121 (+44 20 8639 3399 if calling from outside the UK), between 9.00
a.m. and 5.00 p.m. Monday to Friday (excluding bank or public holidays).
Posted at 22/1/2008 11:50 by kimboy2
The present HYDG price is supported by the 3i QPE offer of 238.6p for all free float HYDG shares. The implication of the IMP price is that once this is removed the HYDG price will fall.

The present cash alternative is for a maximum of £20.5m which is 53.5p of cash per IMP share.

In addition we would receive 0.237 new HYDG shares. At a price of 84p per imp share this implies an HYDG share price of 128p.

I would have thought this unlikely and there is the probability that the cash alternative will be greater because some shareholders will take the shares.
Imprint share price data is direct from the London Stock Exchange

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