SDX Business System - Rule 8 Disclosure
June 22 1998 - 6:51AM
UK Regulatory
RNS No 2295e
SDX BUSINESS SYSTEMS PLC
Date of Disclosure....22ND JUNE 1998.....
DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKE-OVERS AND MERGERS
Date of dealing..19TH JUNE 1998.....
Dealing in SDX BUSINESS SYSTEMS........................(name of company)
(1) Class of securities (eg ordinary shares)..ORDINARY 5P SHARES..........
(2) Amount bought Amount sold Price per unit
573,250 - #3.08
(3) Resultant total of the same class owned or controlled
(and percentage of class)...907,250................................ (2.55%)
(4) Party making disclosure..STEWART IVORY & COMPANY LIMITED
SECRETARY TO HERALD INVESTMENT TRUST PLC
(5) EITHER (a) Name of purchaser/vendor (Note 1).............................
OR (b) if dealing for discretionary client(s), name of fund management
organisation
................HERALD INVESTMENT MANAGEMENT LIMITED...........................
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
Specify which category or categories of associate (1-8 overleaf)....N/A........
If category (8), explain.........N/A............................................
................................................................................
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
of the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above......N/A..............
(Also print name of signatory)..MICHAEL TULLOCH............................
Telephone and extension number..0131 226 3271 EXT 223..........................
Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8............................................................
...............................................................................
...............................................................................
For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Take-overs and Mergers, Tel. No: 0171-382 9026.
END
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