IDOX PLC Offer for 6PM unconditional as to acceptances (6543U)

TIDMIDOX

RNS Number : 6543U

IDOX PLC

19 January 2017

Idox plc

Offer for 6PM Holdings plc unconditional as to acceptances

Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce, further to the announcement on 14 December 2016 of the Company's voluntary public offer for 6PM Holdings plc (the "Offer"), that the Offer has become unconditional as to acceptances.

As of 19 January 2017, Idox had received valid acceptances of the Offer in respect of 19,504,635 6PM Shares (representing approximately 92.95% of the issued share capital of 6PM). Idox confirms that the Offer, which is conditional, inter alia, on a 90% acceptance threshold, has become unconditional as to acceptances. The Offer will remain open for acceptance by 6PM Shareholders until the Closing Date of 11.00 am on 24 January 2017. Further details of the acceptances received and the procedures to compulsorily acquire any 6PM Shares in respect of which acceptances have not been received, will be given following the Closing Date.

The issue and allotment of the Placing Shares is conditional on the Offer becoming unconditional. The expected timetable for completion of the Offer remains as follows:

 
 Latest time for acceptances from           11.00 am on 24 
  6PM Shareholders under the Offer            January 2017 
 Latest time for satisfaction of            11.00 am on 24 
  all conditions under the Offer              January 2017 
 Closing Date of the Offer                  11.00 am on 24 
                                              January 2017 
 Admission of the Placing Shares             8.00 am on 26 
                                              January 2017 
 Where applicable, expected date           26 January 2017 
  for CREST accounts to be credited 
  in respect of Placing Shares in 
  uncertificated form 
 Where applicable, expected date           week commencing 
  for posting of share certificates        30 January 2017 
  for Placing Shares in certificated 
  form 
 Admission of the Consideration               8.00 am on 1 
  Shares                                     February 2017 
 Completion of the Offer and Settlement    3 February 2017 
  of the Offer Consideration

Each of the times and dates refer to London time and are subject to change by the Company (with the agreement of N+1 Singer), in which case details of the new times and dates will be notified through a Regulatory Information Service. Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the circular published on 14 December 2016.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

Enquiries:

Idox plc +44 (0) 870 333 7101

Laurence Vaughan, Non-Executive Chairman

Andrew Riley, Chief Executive

Jane Mackie, Chief Financial Officer

N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000

Shaun Dobson

Liz Yong

MHP (Financial PR) +44 (0) 20 3128 8100

Reg Hoare

Andrew Leach