Offer Update
April 05 2005 - 12:00PM
UK Regulatory
RNS Number:6521K
TietoEnator Corporation
05 April 2005
Not for release, publication or distribution in, into or from Australia, Canada,
Japan or the United States
5 April 2005
Recommended Cash Offer by
Regent Associates Limited
on behalf of
TietoEnator Corporation
for
AttentiV Systems Group plc ("AttentiV")
ADDITIONAL IRREVOCABLE UNDERTAKING
Further to the announcement released earlier today by TietoEnator Corporation
("TietoEnator") regarding its firm intention to make a cash offer ("Offer") for
AttentiV Systems Group plc ("AttentiV"), TietoEnator announces that it has since
received an irrevocable undertaking from HSBC Asset Management (Europe) Limited
("HSBC") to accept the Offer in respect of 2,500,000 AttentiV shares held by
HSBC, representing approximately 4.1 per cent. of AttentiV's existing issued
share capital. The irrevocable undertaking provided by HSBC will cease to be
binding only in the event of an announcement of a third party offer representing
at least a 10 per cent. premium to the value of the Offer.
TietoEnator has now received irrevocable undertakings from AttentiV shareholders
to accept the Offer in respect of, in aggregate, 15,827,292 AttentiV shares,
representing approximately 26.1 per cent. of AttentiV's existing issued share
capital.
TietoEnator has received irrevocable undertakings to accept or indications of an
intention to accept the Offer in respect of a total of 30,172,421 AttentiV
shares, representing approximately 49.8 per cent. of AttentiV's existing issued
share capital.
Enquiries:
Regent (Financial Adviser to TietoEnator)
Robert Fergusson 01753 800 700
Sarah McNicholas
Hawkpoint (Financial Adviser to AttentiV) 020 7665 4500
Paul Baines
Graham Paton
Regent, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively as financial adviser to TietoEnator in
connection with the Offer and no one else and will not be responsible to anyone
other than TietoEnator for providing the protections afforded to clients of
Regent nor for providing advice in relation to the Offer.
This announcement does not constitute an offer or invitation to purchase or
subscribe for securities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPUUUBGCUPAGAA
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