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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Patsystems | LSE:PTS | London | Ordinary Share | GB0032386822 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTS
RNS Number : 6247U
Pattington Limited
23 December 2011
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
23 December 2011
RECOMMENDED CASH OFFER FOR
PATSYSTEMS PLC
BY
PATTINGTON LIMITED
Posting of Offer Document
On 20 December 2011, the boards of Patsystems Plc ("Patsystems") and Pattington Limited ("Pattington"), a member of the ION Group, announced that they had reached agreement on the terms of a recommended cash Offer by Pattington of the entire issued and to be issued share capital of Patsystems not already held by Pattington whereby shareholders of Patsystems will receive 14 pence per Patsystems Share.
The boards of Patsystems and Pattington are pleased to announce that the offer document (the "Offer Document") which sets out, amongst other things, the full terms and conditions of the Offer, a timetable of principal events and details of the actions to be taken by Patsystems Shareholders, was posted to Patsystems Shareholders today. Participants in the Patsystems Share Schemes are also being sent further details of the actions they can take in respect of the Offer.
The anticipated timetable of principal events is as follows:
Event Time and/or date Publication of the Offer Document 23 December 2011 Latest time and date for Patsystems Shareholders 3.00 p.m. 25 January to accept the offer 2012
Copies of the Offer Document will be available for inspection during normal business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the offices of Pattington's solicitors, Allen & Overy LLP, One Bishops Square, London E1 6AD and at Pattington's and Patsystems' websites www.pattingtonlimited.com and www.patsystems.com.
Unless otherwise stated, all references in this announcement are to London time.
Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the announcement of 20 December 2011 and the Offer Document.
Enquiries:
Pattington +44 (0) 20 7398 0200
Yohannah Walford, Corporate M&A
Investec (Financial Adviser to Pattington) +44 (0) 20 7597 5000
David Currie / Andrew Pinder
Dominic Emery
Patsystems
Richard Last, Non-Executive Chairman +44 (0) 7713 214 484
David Webber, Chief Executive +44 (0) 20 7940 0490
Numis (Financial Adviser to Patsystems) +44 (0) 20 7260 1000
Michael Meade / Richard Thomas as Nominated Adviser
David Poutney as Corporate Broker
Threadneedle Communications (PR adviser to Patsystems) +44 (0) 207 653 9850
Graham Herring
Josh Royston
Notices
This announcement is not intended to and does not constitute an offer to sell or subscribe for or any invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise. The Offer will be made solely through the Offer Document, which will contain the full terms and conditions of the Offer, including details of how to vote in respect of the Offer. Any approval, decision or other response to the Offer should be made only on the basis of the information in the Offer Document. Offer Shareholders are strongly advised to read the formal documentation in relation to the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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