Completion of Tender Offer
January 28 2008 - 10:39AM
UK Regulatory
RNS Number:6939M
InTechnology PLC
28 January 2008
InTechnology plc ("InTechnology" or "the Company")
Completion of Tender Offer
InTechnology, the voice and data Managed Services provider, is pleased to
announce that in accordance with the terms of the Tender Offer, Panmure Gordon
has today purchased 10,575,821 Tender Offer Shares as principal at a price of 35
pence per Tender Offer Share.
Settlement
Settlement of the consideration to which any Tender Offer Shareholder is
entitled pursuant to tenders accepted by Panmure Gordon, complete in all
respects, will be made as follows:
1. Shares in uncertificated form (that is, in CREST)
Cash consideration will be paid through CREST by Panmure Gordon procuring the
creation of an assured payment obligation by 31 January 2008 in favour of the
payment banks of accepting Tender Offer Shareholders in accordance with the
CREST assured payment arrangements.
2. Shares in certificated form
Cheques for the consideration will be despatched by first class post by 31
January 2008 at the risk of the person(s) entitled thereto. All cash payments
will be made in pounds sterling by cheque, drawn on a branch of a UK clearing
bank.
Delisting of Ordinary Shares
The Delisting will take place on 1 February 2008 as previously announced.
Enquiries:
InTechnology plc 01423 850 000
Peter Wilkinson / Andrew Kaberry / Richard James
Panmure Gordon 020 7459 3600
Dominic Morley
Financial Dynamics 020 7831 3113
James Melville-Ross / Hannah Sloane
This information is provided by RNS
The company news service from the London Stock Exchange
END
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