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VDS Vividas

3.25
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vividas LSE:VDS London Ordinary Share GB00B04NK713 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% 3.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re: Proposed Placing and EGM

28/11/2007 12:30pm

UK Regulatory


RNS Number:6789I
Vividas Group plc
28 November 2007


VDS.L
                               Vividas Group plc

                          ('Vividas' or 'the Company')

                          Re: Proposed Placing and EGM


Further to the statement, issued on 7 November, regarding a proposed placing of
10.0 million new ordinary shares at a placing price of 25 pence per new ordinary
share and the convening of an Extraordinary General Meeting ("EGM"), Vividas
announces that it has received placing commitments, subject to the passing of
certain resolutions by the Company in General Meeting, to subscribe for all ten
million shares.

Vividas has also received a separate and alternative offer, which is both
subject to contract and subject to the satisfaction of certain conditions, to
subscribe for new ordinary Vividas shares. The conditional, and subject to
contract, offer made is for the subscription of up to 7,142,857 new Vividas
ordinary shares at a subscription price of 35 pence per new ordinary share. The
Directors believe that there is significant uncertainty over timing and
completion of this alternative offer and therefore further time is required for
the Board to examine and clarify this alternative offer.

In the light of this development, the Board intend that the Extraordinary
General Meeting of Vividas currently convened for 9 a.m. on 30 November 2007 be
adjourned to 3 p.m. on Wednesday 5 December 2007, at the same address.

A further announcement regarding the proposed alternative offer will be made in
due course.


Vividas Group plc
Paul Neville, Chief Executive Officer                   Tel: +44 (0)20 7189 5532
Greg Minns, Finance Director                                     www.vividas.com                                     
            
HB Corporate
Jim McGeever/ Rachel Kane                               Tel: +44 (0)20 7510 8600         
         
Biddicks
Katie Tzouliadis / Sophie Lane                          Tel: +44 (0)20 7448 1000           
                                                                    




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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