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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Punch Graphix | LSE:PGX | London | Ordinary Share | GB00B07LVS05 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 122.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2265R Punch International NV 14 February 2007 Not for release, distribution or publication in or into the United States, Canada, Australia, Japan or any other jurisdiction where it is unlawful to do so. Mandatory Cash Offer for Punch Graphix plc by Punch International NV Close of Offer As set out in the announcement by Punch International on 31 January 2007 stating that its Offer to acquire Punch Graphix Shares had become wholly unconditional in all respects, the Board of Punch International wishes to confirm that as of 1.00pm on 13 February 2007 the Offer has closed and is now no longer capable of being accepted. As at 1.00 p.m. on 13 February 2007, Punch International had received valid acceptances of the Offer in respect of 44,879,210 Punch Graphix Shares, representing approximately 43.61 per cent. of Punch Graphix's issued ordinary share capital. None of these acceptances were received from persons acting in concert with Punch International or in respect of Punch Graphix Shares which were subject to an irrevocable commitment or a letter of intent procured by Punch International or any of its associates. In addition, Punch International owns 50,391,316 Punch Graphix Shares, representing approximately 49.0 per cent. of Punch Graphix's issued ordinary share capital. Therefore as at 1.00 p.m. on 13 February 2007, Punch International either owned or had received valid acceptances of the Offer in respect of a total of 95,270,526 Punch Graphix Shares, representing approximately 92.58 per cent. of Punch Graphix's issued ordinary share capital. Further to the announcement on 18 January 2007 the Board of Punch International has decided to seek to procure cancellation of trading on AIM of Punch Graphix Shares and admit trading of Punch Graphix Shares to Eurolist by Euronext Brussels. Further details of this move will be announced in due course. Save as disclosed in this announcement or in the Offer Document, neither Punch International nor any persons acting or deemed to be acting in concert with them held any Punch Graphix Shares (or rights over any Punch Graphix Shares) prior to the Offer Period and neither Punch International nor persons acting or deemed to be acting in concert with them have acquired or agreed to acquire any Punch Graphix Shares (or rights over any Punch Graphix Shares) since the commencement of the Offer Period. Terms defined in the Offer Document dated 8 January 2007 have the same meaning in this announcement. Guido Dumarey, the Chairman and CEO of Punch International, said of the Offer: "We are delighted to have obtained such a large holding in Punch Graphix and to regain majority shareholder control of what we believe is the crown jewel in our portfolio of companies. We also intend to pursue a transfer of the trading of Punch Graphix Shares from AIM to Eurolist by Euronext Brussels as we believe that this market is the most suitable market for the future of Punch Graphix". Enquiries: Punch International NV Tel: +32 (0) 9 243 48 40 Wim Deblauwe KBC Peel Hunt Ltd Tel: +44 (0) 20 7418 8900 Gordon Suggett General This announcement does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor is it a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law. Any acceptance or other response to the Offer Document should be made only on the basis of the information contained to in the Offer Document. The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. 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 that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK. The Offer is not being made, directly or indirectly, in, into or from the United States, or by use of the United States mails, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone or e-mail) of United States interstate or foreign commerce, or any facility of a national securities exchange of the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction. Accordingly, this announcement, copies of this announcement, the Offer Document, the Form of Acceptance and any related documents are not being and must not be mailed or otherwise distributed or sent in, into or from the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send them in, into or from the United States, Canada, Australia or Japan or any other jurisdiction where it would be unlawful to do so. All Punch Graphix Shareholders (including nominees, trustees or custodians) who would, or otherwise intend to, forward this announcement, the Offer Document, the Form of Acceptance or any related documents should inform themselves about and observe any applicable requirement. Further information for overseas Punch Graphix Shareholders is set out in paragraph 6 of Part B of Appendix I to the Offer Document. KBC Peel Hunt, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for Punch International and for no-one else in connection with the Offer and is not advising any other person or treating any other person as its client in relation thereto and will not be responsible to anyone other than Punch International for providing the protections afforded to clients of KBC Peel Hunt, or for giving advice to any other person in relation to the Offer, the contents of this announcement or any other matter referred to herein. The Punch International Directors, whose names are set out in the Offer Document, accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Punch International Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange END OUPUSOBRBVRUARR
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