IDOX PLC Completion of Offer for 6PM Holdings plc & TVR (6374V)
January 31 2017 - 10:37AM
UK Regulatory
TIDMIDOX
RNS Number : 6374V
IDOX PLC
31 January 2017
31 January 2017
Idox plc
("Idox" or the "Company")
Completion of Offer for 6PM Holdings plc and Total Voting
Rights
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 7,182,540 new ordinary shares of 1 pence each in the
Company ("Consideration Shares") have today been allotted to
satisfy the share element of the Combined Consideration payable
pursuant to the Offer.
Further to the announcement of 24 January 2017, Idox has been
informed by its receiving agent in Malta that an additional two
elections over 1,242 6PM Shares were received prior to the Closing
Date of the Offer. These elections were for the Alternative
Consideration. There is no change to the total consideration
payable by Idox to 6PM Shareholders in respect of the Offer.
Including these two elections, as at the Closing Date of 11.00am on
24 January 2017, Idox had received valid acceptances of the Offer
in respect of 20,595,715 6PM Shares (representing approximately
98.15% of the issued share capital of 6PM). Including the
irrevocable undertakings, acceptances over 10,977,942 6PM Shares
were received for the Combined Consideration and acceptances over
9,617,773 6PM Shares were received for the Alternative
Consideration.
Application has been made to the London Stock Exchange for the
Consideration Shares, which will rank pari passu with the existing
shares in issue, to be admitted to trading on AIM and admission is
expected to become effective on or around 1 February 2017.
Following the issue of the Consideration Shares, the Company's
total issued share capital is 405,361,270 Ordinary Shares. The
Company holds 2,991,219 Ordinary Shares in treasury. Therefore the
total number of Ordinary Shares in issue excluding shares held in
treasury is 402,370,051. The above figure of 402,370,051 Ordinary
Shares may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
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.
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
Charlie Barker
This information is provided by RNS
The company news service from the London Stock Exchange
END
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