Offer Update
September 01 2003 - 11:20AM
UK Regulatory
RNS Number:2419P
Eckoh Technologies PLC
01 September 2003
Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan.
Recommended Offer by Evolution Beeson Gregory
on behalf of
Eckoh Technologies plc
to acquire the whole of the issued and to be issued share capital of
Intelliplus Group plc
Level of acceptance and extension of Offer
For Immediate Release 1 September 2003
Eckoh is pleased to announce that as at 3.00p.m. (London time) on 30 August
2003, the first closing date of the Offer by Eckoh for the entire issued and to
be issued share capital of Intelliplus, valid acceptances of the Offer had been
received from the holders of, in aggregate, 860,907,436 Intelliplus Shares,
representing approximately 71.63 per cent. of the issued share capital of
Intelliplus.
Prior to making the Offer, Eckoh had received irrevocable undertakings from
certain Intelliplus Shareholders and Intelliplus Directors to accept the Offer
in respect of, in aggregate 608,187,977 Intelliplus Shares, representing
approximately 50.61 per cent of the issued share capital for Intelliplus.
The Offer has been extended and will remain open for acceptance until 3.00p.m.
on 13 September 2003.
Intelliplus Shareholders who have not yet accepted the Offer are urged to
complete and return their Form of Acceptance (and supporting documents) as soon
as possible. Additional Forms of Acceptance are available from Capita IRG on
0870 162 3100.
For further enquiries, please contact:
Eckoh Technologies plc
Martin Turner, Chief Executive Officer Tel: 08701 100 700
Nik Philpot, Chief Operating Officer
Brian McArthur Muscroft, Group Finance Director
Intelliplus Group Plc
Mike Neville, Chairman Tel: 07775 606 175
Stuart Duncan, Chief Executive Officer Tel: 0870 880 2020
Buchanan Communications
Mark Edwards/Jeremy Garcia Tel: 020 7466 5000
Evolution Beeson Gregory
Michael Brennan/Matt Wood Tel: 020 7488 4040
Terms defined in the Offer Document dated 9 August 2003, have the same meaning
in this press release unless the context otherwise requires.
Grant Thornton Corporate Finance, which is regulated in the UK by the Financial
Services Authority, is acting exclusively for Intelliplus in connection with the
Offer and no-one else and will not be responsible to anyone other than
Intelliplus, for providing the protections afforded to customers of Grant
Thornton Corporate Finance, nor for giving advice in relation to the Offer.
Evolution Beeson Gregory, which is regulated in the UK by the Financial Services
Authority, is acting for Eckoh and no-one else in connection with the Offer.
Evolution Beeson Gregory is not acting for, and will not be responsible to
anyone other than Eckoh for providing the protections afforded to customers of
Evolution Beeson Gregory or for providing advice in relation to the Offer or in
relation to the contents of the Offer Document or any transaction or arrangement
referred to herein.
The Offer referred to in this announcement will not be made, directly or
indirectly, in or into the United States, Canada, Australia or Japan or any
other jurisdiction if to do so would constitute a violation of the relevant laws
of such jurisdiction and the Offer cannot be accepted from or within the United
States, Canada, Australia or Japan or any other such jurisdiction.
1 September 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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