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CIV Civica

269.25
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Civica LSE:CIV London Ordinary Share GB0034284272 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 269.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Offer Update

23/04/2008 12:02pm

UK Regulatory


RNS Number:9290S
Cornwall Bidco Limited
23 April 2008


For immediate release

23 April 2008



Not for release, publication or distribution, in whole or in part, in or into or
 from the United States, Canada, or Japan or any other jurisdiction where to do
  so would constitute a violation of the relevant laws or regulations of such
                                  jurisdiction


        Recommended Cash Offer by Cornwall Bidco Limited for Civica plc

                   Squeeze-out of Outstanding Offeree Shares

On 21 April 2008 Cornwall Bidco announced that the recommended cash Offer to
acquire Civica had been declared unconditional in all respects.

As at 1.00 p.m. on 18 April 2008 Cornwall Bidco held, or had received valid
acceptances in respect of over 90 per cent. in value and over 90 per cent. in
voting rights of Cornwall.

Consequently, Cornwall Bidco has implemented the procedure under Chapter 3 of
Part 28 of the Companies Act 2006 to squeeze out all of the outstanding Civica
Shares which it does not already hold or has not already acquired, contracted to
acquire or in respect of which it has not already received valid acceptances.
The Offer, as set out in the Offer Document, will remain open for acceptance
until further notice.

The definitions set out in the Offer Document dated 28 March 2008 have the same
meanings in this announcement.


Enquiries:

PricewaterhouseCoopers LLP                       Telephone: +44 (0) 207 583 5000
(Financial adviser to 
 Cornwall Bidco, 3i Investments
and 3i Investors)
Andy Morgan
Andrew Perkin



PricewaterhouseCoopers LLP, which is authorised and regulated in the United
Kingdom by the Financial Services Authority for investment business activities,
is acting exclusively as financial adviser to Cornwall Bidco, 3i Investments and
the 3i Investors and no one else in connection with the Offer and will not be
responsible to anyone other than Cornwall Bidco, 3i Investments and the 3i
Investors for providing the protections afforded to clients of
PricewaterhouseCoopers LLP or for providing advice in relation to the Offer 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 subscribe for or purchase any
securities or the solicitation of any vote or approval in any jurisdiction
pursuant to the Offer or otherwise. The Offer was made solely through the Offer
Document, which contained the full terms and conditions of the Offer (including
details on how to accept the Offer). Any response in relation to the Offer
should be made only on the basis of the information contained in the Offer
Document or any other document by which the Offer is made. Shareholders are
advised to read carefully the formal documentation in relation to the Offer.
This announcement does not constitute a prospectus or prospectus equivalent
document.

This announcement has been prepared for the purpose of complying with English
law and the City Code and the information disclosed may not be the same as would
have been disclosed if this announcement had been prepared in accordance with
the laws of jurisdictions outside the UK.  Unless otherwise determined by
Cornwall Bidco or required by the City Code and permitted by applicable law and
regulation, the Offer is not being made and will not be made, directly or
indirectly, in or into, or by use of the mails, or by any means or
instrumentality (including, without limitation, by means of telephone,
facsimile, telex, internet or other forms of electronic communication) of
interstate or foreign commerce of, or any facilities of a securities exchange
of, the United States, Canada or Japan, and the Offer will not be capable of
acceptance by any such use, means, instrumentality or facility or from within
the United States, Canada or Japan.  Accordingly, unless otherwise determined by
Cornwall Bidco or required by the City Code and permitted by applicable law and
regulation, copies must not be, directly or indirectly, mailed or otherwise
distributed or sent in or into the United States, Canada or Japan and persons
receiving such documents (including custodians, nominees and trustees) must not
distribute or send them in, into or from such jurisdictions as doing so may make
invalid any purported acceptance of the Offer by persons in any such
jurisdiction.

The availability of the Offer to persons not resident in the UK may be affected
by the laws of the relevant jurisdiction. Persons who are subject to the laws of
any jurisdiction other than the United Kingdom should obtain professional advice
and observe any applicable requirements.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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