We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nsb Retail | LSE:NSB | London | Ordinary Share | GB0001570695 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 38.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2178N NSB Retail Systems PLC 04 February 2008 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 of such jurisdiction. 4 February 2008 NSB RETAIL SYSTEMS PLC COURT ORDER SANCTIONING SCHEME OF ARRANGEMENT RECOMMENDED PROPOSALS FOR THE CASH ACQUISITION OF NSB RETAIL SYSTEMS PLC ("NSB") BY EPICOR SOFTWARE CORPORATION ("EPICOR") (ACTING THROUGH ITS WHOLLY-OWNED SUBSIDIARY, EPICOR RETAIL SOLUTIONS, INC.) The boards of Epicor and NSB are pleased to announce that the High Court of Justice has today made an order sanctioning the Scheme of Arrangement to effect the recommended cash acquisition of NSB by Epicor (acting through its wholly-owned subsidiary Epicor Retail Solutions, Inc.). Accordingly it is anticipated that the Scheme will proceed. In order for the Scheme to become effective in accordance with its terms, the Court must now confirm the Capital Reduction of NSB's share capital at the Second Court Hearing, which is expected to take place on 6 February 2008. As set out in the Scheme Document, the last time for registration of transfers of NSB Shares will be 5.00 p.m. on 5 February 2008 and it is anticipated that dealings in NSB Shares will be suspended at or about 7.30 a.m. on 6 February 2008. The Effective Date of the Scheme is expected to be 7 February 2008 and it is anticipated that the listing of the NSB Shares will be cancelled at or about 8.00 a.m. on 8 February 2008. Pending the Scheme becoming effective, despatch of cheques (or settlement through CREST) in respect of the cash consideration payable under the Scheme will take place no later than 21 February 2008. Capitalised terms used in this announcement have the same meanings as in the Scheme Document dated 21 December 2007. All times referred to in this announcement are references to London time. Enquiries: Epicor Software Corporation Tel: +1 949 585 4000 George Klaus Michael Piraino Mark Duffell Damon Wright UBS Investment Bank (financial adviser to Tel: +1 310 556 6700 Epicor) John Joliet Scott Jacobsen Craig Calvert (UK) Tel: +44 (0) 20 7567 8000 NSB Retail Systems PLC Tel: +1 514 426 0822 Angus Monro David Henning Stuart Mitchell Close Brothers (financial adviser to NSB) Tel: +44 (0) 20 7655 3100 Simon Willis James Craven Dresdner Kleinwort (broker to NSB) Tel: +44 (0) 20 7623 8000 James Rudd RedLeaf Communications (PR adviser to NSB) Tel: +44 (0) 20 7822 0200 Emma Kane Samantha Robbins UBS Investment Bank is acting exclusively as financial adviser to Epicor and no one else in connection with the Proposals and will not be responsible to anyone other than Epicor for providing the protections afforded to clients of UBS Investment Bank or for providing advice in relation to the Proposals or any other matters referred to in this Announcement. Close Brothers, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for NSB and no one else in connection with the Proposals and will not be responsible to anyone other than NSB for providing the protections afforded to clients of Close Brothers or for providing advice in relation to the Proposals or any other matters referred to in this Announcement. This Announcement is not intended to and does not constitute or form any part of, an offer to sell or an invitation to purchase or the solicitation of an offer to subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Proposals or otherwise. The distribution of this Announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This Announcement has been prepared for the purpose of complying with English law and the Takeover Code and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom. The availability of the Proposals to persons not resident in the UK may be affected by the laws of the relevant jurisdiction in which they are located. Persons who are not resident in the United Kingdom should inform themselves of and observe any applicable requirements. The Proposals will be carried out by way of scheme of arrangement under UK law and are subject to UK disclosure requirements, which are different from those of the United States or Canada. The Proposals will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, timetable, settlement procedures and timing of payments that are different from those applicable under US or Canadian procedures and law. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of NSB, all "dealings" in any "relevant securities" of that company (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 London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn 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 NSB, 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 Code, all "dealings" in "relevant securities" of NSB by NSB or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London 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 Takeover 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 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, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange END MSCFKQKDBBKDOBK
1 Year Nsb Retail Chart |
1 Month Nsb Retail Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions