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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ump | LSE:UMP | London | Ordinary Share | IM00B1XD9T43 | ORD USD0.05 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUMP RNS Number : 0769G UTV Software Communications Ltd 25 January 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 25 January 2010 (London) Recommended Proposal by UTV Software Communications Limited ("UTV") Further to the announcement made by UMP on 21 January 2010, UTV announces that earlier today, the Indian Court Order was registered with the Indian Registrar of Companies and the Scheme became effective (the "Effective Date"). Pursuant to the Scheme, the New UTV Shares were issued to the holders of UMP Shares as shown by the register of members of UMP at 6.00 p.m. on 22 January 2010, the assets and business of UMP were transferred to UTV and UMP was dissolved (without winding up). Trading of the shares of UMP Plc ("UMP") on AIM was suspended with effect from 7.00 a.m. today and cancellation of UMP's admission to trading on AIM will occur at 7.00 a.m. on 26 January 2010.Share certificates in respect of the UMP Shares have ceased to be valid and entitlements to UMP Shares held within the CREST system have been cancelled. It is expected that the New UTV Shares will be admitted to listing on the National Stock Exchange and the Bombay Stock Exchange within 14 days of the Effective Date. If the New UTV Shares are held through a Demat Account, it is expected that they will also be admitted to trading on the National Stock Exchange and the Bombay Stock Exchange within 14 days of the Effective Date. If the New UTV Shares are held in certificated form, however, they will not be admitted to trading on those markets, although persons holding in certificated form may subsequently transfer any such New UTV Shares into a Demat Account. Certificates in respect of New UTV Shares held in certificated form will be delivered to the registered holder within 14 days of the Effective Date. Details of the Demat Account opening process are set out on pages 9 - 11 of the Scheme Document. Information on opening a Demat Account can be obtained by contacting Yatin Sang or Nirmala Dalvi at Karvy on +91 (0)22 2630279. All references to time and dates in this announcement are to the relevant time and date in the United Kingdom, unless otherwise stated. Any capitalised term used but not defined in this announcement shall have the meaning ascribed to it in the Scheme Document. Copies of this announcement will be made available on UTV's website www.utvnet.com. Enquiries: +--------------------------------------+--------------------------------------+ | UTV | Telephone: +91 22 4098 1505 | | Amit Banka | | | | | +--------------------------------------+--------------------------------------+ | Merrill Lynch | Telephone: +44 (0) 20 7628 1000 | | (Financial Adviser to UTV) | | | Noah Bulkin | | | Anya Weaving | | | Andrew R. Chen | | | | | +--------------------------------------+--------------------------------------+ Merrill Lynch (a subsidiary of Bank of America Corporation) is acting exclusively for UTV and no one else in connection with the Proposal and will not be responsible to anyone other than UTV for providing the protections afforded to clients of Merrill Lynch or for providing advice in relation to the Proposal or any other matters referred to in this announcement. Forward looking statements This announcement contains statements about UTV that are or may be forward looking statements. All statements other than statements of historical facts included in this announcement may be forward looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "should", "may", "anticipates", "estimates", "synergies", "cost savings", "projects", "strategy", or words or terms of similar substance or the negative thereof, are forward looking statements. Forward looking statements include statements relating to the following: (i) the expected timetable for completing the Proposal, future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, dividend policy, losses and future prospects of UTV or the Merged Group; (ii) business and management strategies and the expansion and growth of UTV's or the Merged Group's operations and potential synergies resulting from the Proposal; and (iii) the effects of government regulation on UTV's or the Merged Group's business. These forward looking statements are not guarantees of future performance. They have not been reviewed by the auditors of UTV. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause them to differ from the actual results, performance or achievements expressed or implied by such forward looking statements. These forward looking statements are based on numerous assumptions regarding the present and future business strategies of such persons and the environment in which each will operate in the future. All subsequent oral or written forward looking statements attributable to UTV or any of their respective members, directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. All forward looking statements included in this announcement are based on information available to UTV on the date hereof. Investors should not place undue reliance on such forward looking statements, and UTV undertake no obligation to publicly update or revise any forward looking statements. No statement in this announcement is intended to constitute a profit forecast for any period. Distribution of this announcement and other matters The distribution of this announcement and the accompanying documents in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this announcement or otherwise in any jurisdiction in which such offer or solicitation is unlawful. This announcement has been prepared in connection with a proposal in relation to a scheme of arrangement pursuant to, and for the purpose of, complying with the law of the Isle of Man and the City Code and information disclosed may not be the same as that which would have been prepared in accordance with laws of jurisdictions outside the Isle of Man or the United Kingdom. Nothing in this announcement should be relied upon for any other purpose. The statements contained herein are made as at the date of this announcement, unless some other time is specified in relation to them, and the issue of this announcement shall not give rise to any implication that there has been no change in the facts set forth herein since that date. No person has been authorised to make any representations on behalf of UTV concerning the Proposal or the Scheme which are inconsistent with the statements contained herein and any such representations, if made, may not be relied upon as having been so authorised. This announcement does not constitute a prospectus or prospectus equivalent document. No person should construe the contents of this announcement as legal, financial or tax advice and each person who receives this announcement should consult their own advisers in connection with the matters contained herein. This announcement is not an offer for sale of securities in the United States. The New UTV Shares to be issued in connection with the Proposal, have not been, and will not be, registered under the Securities Act or under any relevant securities laws of any state or other jurisdiction of the United States, nor have clearances been, nor will they be, obtained from the securities commission or similar authority of any province or territory of Canada and no prospectus has been, or will be, filed with, such commission or authority or any securities law of any province or territory of Canada nor has a prospectus in relation to the New UTV Shares been, nor will one be, lodged with, or registered by, the Australian Securities and Investments Commission, nor have any steps been taken, nor will any steps be taken, to enable the New UTV Shares to be offered in compliance with applicable securities laws of Japan. Accordingly, unless an exemption under relevant securities laws is available, the New UTV Shares may not be offered, sold, resold or delivered, directly or indirectly, in, into or from the United States, Canada, Australia or Japan or any other jurisdiction in which an offer of the New UTV Shares would constitute a violation of relevant laws or require registration of the New UTV Shares, or to or for the account or benefit of any person located in the United States, Canada, Australia or Japan. Unless otherwise determined by UTV and permitted by applicable law and regulation, copies of this announcement and any other documents related to the Proposal or the Scheme are not being, and must not be, mailed or otherwise forwarded, distributed or sent in or into the United States, Canada, Australia or Japan. All persons receiving this announcement (including, without limitation, custodians, nominees and trustees) should observe these restrictions and any applicable legal or regulatory requirements of their jurisdiction and must not mail or otherwise forward, send or distribute this announcement in, into or from the United States, Canada, Australia or Japan. This information is provided by RNS The company news service from the London Stock Exchange END FURBAMITMBMTBLM
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