Result of EGM

RNS Number:3867O
Unit 4 Agresso N.V.
20 February 2008


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



20 February 2008



UNIT 4 AGRESSO SHAREHOLDERS APPROVE ACQUISITION OF CODA



Sliedrecht, the Netherlands, 20 February 2008 - Unit 4 Agresso N.V. ("Unit 4
Agresso") shareholders today gave strong support for the company's proposed
acquisition of CODA plc ("CODA").



At an Extraordinary General Meeting held in Sliedrecht, shareholders voted
99.99% per cent in favour of the transaction (50% majority needed) thereby
approving the proposed acquisition of CODA by Unit 4 Agresso.



Commenting on the approval, Unit 4 Agresso CEO Chris Ouwinga said: "We are
naturally very pleased with the result, and have taken a major step towards the
completion of a transaction that will be beneficial to our customers, employees
and shareholders. We very much look forward to working with CODA's management
team to further expand the combined business."



ENQUIRIES



Edwin van Leeuwen, Chief Financial Officer, Unit 4 Agresso

Tel: [phone]



Forward-looking statements



This announcement includes certain "forward looking statements". These
statements are based on the current expectations of the management of CODA, Unit
4 Agresso and Agresso (as applicable) and are naturally subject to uncertainty
and changes in circumstances. The forward looking statements contained herein
may include statements about the expected effects of the Offer on Unit 4
Agresso, Agresso or CODA, the expected timing and scope of the Offer and all
other statements in this document other than historical facts. Forward looking
statements include, without limitation, statements typically containing words
such as "intends", "expects", "anticipates", "targets", "estimates" and words of
similar import. By their nature, forward looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There are a number of factors that could cause actual
results and developments to differ materially from those expressed or implied by
such forward looking statements. These factors include, but are not limited to,
the satisfaction of the conditions to the Offer, and Unit 4 Agresso's ability to
successfully integrate the operations and employees of CODA, as well as
additional factors, such as changes in economic conditions, changes in the level
of capital investment, success of business and operating initiatives and
restructuring objectives, customers' strategies and stability, changes in the
regulatory environment, fluctuations in interest and exchange rates, the outcome
of litigation, government actions and natural phenomena such as floods,
earthquakes and hurricanes. Other unknown or unpredictable factors could cause
actual results to differ materially from those in the forward looking
statements. Neither Unit 4 Agresso, nor Agresso nor CODA undertakes any
obligation to update publicly or revise forward looking statements, whether as a
result of new information, future events or otherwise, except to the extent
legally required.



Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1 per cent or more of any class of "
relevant securities" of CODA, all "dealings" in any "relevant securities" of
CODA, (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 CODA,
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 City Code, all "dealings" in "relevant
securities" of CODA by Agresso, Unit 4 Agresso or CODA, 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 Panel's website at http://
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 City 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
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