Result of EGM

RNS Number:4844C
IXEurope PLC
20 August 2007



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


20 August 2007

IXEurope plc

Result of Court Meeting and EGM: 20 August 2007


On 19 July 2007, the boards of IXEurope ("IXEurope", AIM: IXE) and Equinix UK
Limited ("Equinix UK") (a wholly-owned subsidiary of Equinix Inc.) announced
that they had reached agreement on the terms of an increased recommended cash
offer (the "Acquisition"), under which Equinix UK will acquire the entire issued
and to be issued share capital of IXEurope.  The Acquisition is to be
implemented by way of a scheme of arrangement under section 425 of the Companies
Act (involving a reduction of capital under section 135 of the Companies Act).

IXEurope and Equinix UK are pleased to announce that, at the Court Meeting held
earlier today, the Scheme was approved.  Subsequently, at the IXEurope
Extraordinary General Meeting, the special resolution required to implement the
Scheme was passed.

The anticipated timeline of the remaining principal events required to implement
the Scheme is as follows:


11 September 2007
Hearing of the petition to sanction the Scheme and to confirm the reduction of
capital provided for by the Scheme


13 September 2007 (at 5.00 p.m.)
Scheme Record Time


14 September 2007
Effective Date of the Scheme


14 September 2007 (at 7.30 a.m.)
Delisting of IXEurope Shares


28 September 2007
Latest date for despatch of cheques or for settlement through CREST


Capitalised terms in this announcement have the same meaning as in the Scheme
Document dated 26 July 2007.


Enquiries

College Hill Associates (PR Adviser to the Company)        Tel: [phone]

Adrian Duffield

Lazard (Financial Adviser to the Company)                  Tel: [phone]


Cyrus Kapadia/Vincent Le Stradic


Lazard, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for the Company and no one else in
connection with the Acquisition and will not be responsible to anyone other than
the Company for providing the protections afforded to clients of Lazard or for
providing advice in relation to the Acquisition or any offer or arrangement
referred to herein.

This announcement does not constitute an offer or invitation to purchase or
subscribe for any securities or the solicitation of any vote or approval in any
jurisdiction. Only the Scheme Document will contain the full terms and
conditions of the Proposals, including details of how to vote in favour of the
Scheme. Any acceptance or other responses to the Scheme should be made only on
the basis of the information in the Scheme Document. The Company has prepared
the Scheme Documentation to be distributed to the Scheme Shareholders and to
participants in the IXEurope Share Schemes. The Company and Equinix urge the
Scheme Shareholders and the participants in the IXEurope Share Schemes to read
the Scheme Document because it will contain important information relating to
the Proposals.

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.

This announcement has been prepared for the purpose of complying with English
law, the AIM Rules and the City 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 and regulations of any jurisdiction outside
the United Kingdom.

The availability of the Scheme Document to persons not resident in the United
Kingdom may be affected by the laws of the relevant jurisdictions. Such persons
should inform themselves about and observe any applicable requirements of those
jurisdictions.

Notice to shareholders of the Company in the United States: the Acquisition
relates to the shares of a company incorporated in England and Wales and are
proposed to be implemented by means of a scheme of arrangement provided for
under English company law. A transaction effected by means of a scheme of
arrangement is not subject to the tender offer rules under the United States
Securities Act of 1933, as amended. Accordingly, the Acquisition is subject to
the disclosure requirements and practices applicable in England and Wales to
schemes of arrangement which differ from the disclosure requirements of the
tender offer rules under the United States Securities Act of 1933, as amended.
Financial information included in the relevant documentation will have been
prepared in accordance with accounting standards applicable in the United
Kingdom that may not be comparable to the financial statements of companies in
the United States.

Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of IXEurope, 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
IXEurope, they will be deemed to be a single person for the purpose of Rule 8.3.

"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 the Financial Services and
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number [phone]; fax number +44 (0)
20 7236 7013.




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