Result of Tender Offer

 

TIDMALOG 
 
RNS Number : 4593U 
AsianLogic Limited 
25 June 2009 
 

 
Not for release, publication or distribution, in whole or in part, in, into 
or from any prohibited territory or jurisdiction where to do so would constitute 
a violation of the relevant laws of such jurisdiction 
 
 
AsianLogic Limited 
("AsianLogic" or the "Company") 
 
 
Results of Tender Offer 
 
 
On 27 May 2009, the Company sent a circular to its shareholders (the "Circular") 
with proposals to, inter alia, cancel the admission of its Ordinary Shares from 
trading on AIM and purchase Ordinary Shares by way of the Tender Offer. 
 
 
The Company is pleased to announce the result of the Tender Offer, which closed 
in accordance with the timetable set out in the Circular at 1.00 pm on 23 June 
2009. 
 
 
A total of 15,467,549 Ordinary Shares, representing approximately 17.94 per 
cent. of the Existing Issued Shares (and approximately 49.38 per cent. of the 
Tender Offer Shares), were validly tendered pursuant to the Tender Offer. 
 
 
The Tender Offer will be effected by Collins Stewart purchasing the Ordinary 
Shares as principal and then selling such Ordinary Shares on AIM to the Company 
for cancellation pursuant to the Repurchase Agreement. 
 
 
The Tender Offer remains conditional upon the Repurchase Agreement becoming 
unconditional in all respects (save in relation to any condition relating to the 
Tender Offer becoming unconditional) and not being terminated in accordance with 
its terms. 
 
 
Subject to satisfaction of this condition, the Tender Offer will be completed on 
29 June 2009. 
 
 
CREST accounts are expected to be credited with Tender Offer proceeds on 29 June 
2009 and cheques, with balance share certificates as appropriate, are expected 
to be dispatched on the same day. 
 
 
Ordinary Shares purchased in the Tender Offer will be cancelled by the Company 
on completion of the Tender Offer and the number of issued Ordinary Shares will 
decrease accordingly. 
 
 
The EGM, at which a resolution is to be proposed in respect of the De-Listing, 
is to be held tomorrow. A further announcement will be made by the Company in 
respect of the EGM and De-Listing following this meeting. 
 
 
Definitions used in the Circular apply in this announcement unless the context 
requires otherwise. 
 
 
 
 
- ends - 
 
 
For further information contact: 
 
 
Tom Hall, Executive Vice Chairman 
AsianLogic Ltd [phone] 
 
 
Piers Coombs / Adam Cowen 
Collins Stewart Europe Limited - Nominated Adviser to AsianLogic Ltd     +44 207 
523 8350 
 
 
David Rydell / Samantha Boston 
Bell Pottinger Corporate & Financial [phone] 
Important Notice 
 
 
Collins Stewart Europe Limited, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting as nominated adviser and 
broker  to the Company and is acting for no-one else in connection with the 
contents of this announcement and will not be responsible to anyone other than 
the Company for providing the protections afforded to clients of Collins Stewart 
Europe Limited nor for providing advice in connection with any other matter 
referred to herein. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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