Result of Meeting

    RNS Number : 0994B
  Financial Objects PLC
  11 August 2008
   

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

    FOR IMMEDIATE RELEASE                                                                                                                   
               11 August 2008

    RECOMMENDED CASH ACQUISITION of FINANCIAL OBJECTS PLC by TEMENOS UK LIMITED, a wholly-owned subsidiary of TEMENOS GROUP AG 

    Results of Court Meeting and General Meeting

    Financial Objects plc ("Financial Objects" or the "Company") announces that at the meeting convened by the Court and held earlier today
(the "Court Meeting") and at the subsequent general meeting ("General Meeting") to approve the scheme of arrangement (the "Scheme") to
implement the acquisition of the Company by Temenos UK Limited (the "Acquisition") all of the resolutions received the necessary majorities
and were, accordingly, passed.

    COURT MEETING

    At the Court Meeting, the resolution to approve the Scheme was passed on a poll vote. Of the Scheme Shareholders who voted (in person or
by proxy), 212 Scheme Shareholders, representing approximately 94.6 per cent. of all the Scheme Shareholders who voted, voted in favour of
the Scheme and 12 Scheme Shareholders, representing approximately 5.4 per cent. of all the Scheme Shareholders who voted, voted against the
Scheme. Of the Scheme Shareholders who voted (in person or by proxy), Scheme Shareholders holding, in aggregate, 23,468,011 Scheme Shares,
representing approximately 99.9 per cent. of the votes cast and approximately 52.8 per cent. of the issued Scheme Shares, voted in favour of
the Scheme, and Scheme Shareholders holding, in aggregate, 22,952 Scheme Shares, representing approximately 0.1  per cent. of the votes cast
and approximately 0.05 per cent. of the issued Scheme Shares, voted against the Scheme.

    GENERAL MEETING

    The Special Resolution to give effect to the Scheme and the Special Resolution directing the directors of Financial Objects to use their
reasonable endeavours to ensure that the Scheme becomes effective were passed unanimously on a show of hands.

    NEXT STEPS

    Completion of the Acquisition remains subject to the satisfaction or, if appropriate, waiver of the conditions set out in the scheme
document sent to Financial Objects Shareholders on 19 July 2008 (the "Scheme Document"), including, amongst other things, the sanction of
both the Scheme and the associated Reduction of Capital by the Court.

    Application will be made for admission to trading of the Financial Objects Shares on the AIM market of the London Stock Exchange to be
cancelled with effect from 7.00 a.m. on 11 September 2008. 

    It should be noted that the last day of dealings in, and for registration of transfers of, and disablement in CREST of, Financial
Objects Shares will be 8 September 2008. In addition, the Company intends to apply for a suspension of its shares from trading on the AIM
market of the London Stock Exchange with effect from 7.00 a.m. on 9 September 2008 and will remain suspended until cancellation of trading.


    It is expected that the Effective Date of the Scheme will be 10 September 2008.  

    A detailed timetable of events for the Scheme is set out in the Scheme Document. These dates are indicative only and will depend,
amongst other things, on the dates on which the Court sanctions the Scheme and the associated Reduction of Capital. If the expected dates
change, Financial Objects will give notice of the changes in an announcement through a Regulatory Information Service.

    Terms defined in the Scheme Document have the same meanings in this announcement.
    ENQUIRIES:
    Financial Objects                                  Tel: [phone]

    Peter Youngs
    Evolution Securities                             Tel: [phone]
    (financial adviser to Financial Objects)
    Stuart Andrews
    Financial Dynamics                               Tel: [phone]
    (PR adviser to Financial Objects)
    James Melville Ross

    Temenos                                               Tel: [phone]
    Max Chuard
    Ben Robinson
    

    Lazard                                                   Tel: [phone] 
    (financial adviser to Temenos Group AG and Temenos UK Limited)
    Nicholas Jones
    Cyrus Kapadia
    

    Hudson Sandler                                    Tel: [phone]
    (PR adviser to Temenos) 
    James White
    Andrew Hayes



    Evolution, which is authorised and regulated in the United Kingdom by the Financial Services Authority for designated investment
business, is acting exclusively for Financial Objects and no one else in connection with the Acquisition and will not be responsible to
anyone other than Financial Objects for providing the protections afforded to clients of Evolution Securities Limited nor for providing
advice in relation to the Acquisition, the content of this announcement or any matter referred to herein.

    Lazard, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Temenos
Group AG and Temenos UK Limited and no one else in connection with the Acquisition and will not be responsible to anyone other than Temenos
Group AG and Temenos UK Limited for providing the protections afforded to clients of Lazard nor for providing advice in relation to the
Acquisition, the content of this announcement or any matter referred to herein.

    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 one per cent.
or more of any class of "relevant securities" of Financial Objects all "dealings" in any "relevant securities" of Financial Objects
(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 p.m. (London time) on the Business Day following the date of the relevant transaction. This requirement will continue
until the Scheme lapses, is withdrawn, or upon the "offer period" otherwise ending. 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 Financial Objects, they will be
deemed to be a single person for the purposes of Rule 8.3.

    Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevant securities" of Financial Objects, by Temenos or Financial
Objects, or any of their respective "associates", must also be disclosed by no later than 12.00 noon (London time) on the Business Day
following the date of the relevant transaction.

    A disclosure table, giving details of the companies whose "dealings" in "relevant securities" should be disclosed, and the number of
securities in issue, can be found on the 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 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.

    If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial adviser authorised under FSMA
2000, consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone number [phone]; fax number
[phone].

    The Financial Objects Directors accept responsibility for the information contained in this announcement relating to Financial Objects
and the Financial Objects Directors. To the best of the knowledge and belief of the Financial Objects Directors (who have taken all
reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does
not omit anything likely to affect the import of such information.




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The company news service from the London Stock Exchange
 
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