Statement re Approaches to Shareholders
September 16 2009 - 2:00AM
UK Regulatory
TIDMNXS
16 September 2009
NEXUS MANAGEMENT PLC
("Nexus Management" or "the Company")
Statement re Approaches to Shareholders
Nexus Management has been informed by a number of shareholders that they have
recently been contacted by companies purporting to act as agents for third
parties which are seeking to acquire a significant stake in Nexus Management.
The shareholders have been approached by persons purporting to represent
trading entities, including New York Securities, New York Investments, Phoenix
Securities L.L.C. and New York Financial Group. These entities have offered to
acquire Nexus Management shares from certain of the Company's shareholders at a
significant premium, in some cases a multiple of 1,000 times, to the prevailing
market price. The proposals from these entities typically require shareholders
to send monies in advance in order to secure the high price being offered.
The Company advises that it has not received an approach from any of the above
entities and no discussions are taking place with any party regarding a
possible offer for the Company.
Furthermore, Nexus Management wishes to advise its shareholders that they
should be very wary of any unsolicited approaches to acquire their shares
particularly when monies are required to be sent in advance of a transaction.
If shareholders receive such approaches then they are urged to make a note of
the name of the person and organisation. Shareholders are strongly advised only
to deal with companies that are authorised to conduct investment business with
the Financial Services Authority ("FSA"). A list of the financial services
firms that are regulated by the FSA is available at www.fsa.gov.uk/register.
If shareholders are approached by unauthorised companies they can also contact
Nexus Management at nexus@bishopsgatecommunications.com.
--ENDS--
Enquiries:
Nexus Management Plc Tel: 01862 812 107
Roger Richardson, Chief Executive
John East & Partners Limited, a subsidiary of Merchant Securities Plc
Simon Clements Tel: 020 7628 2200
David Worlidge
Rivington Street Corporate Finance Tel: 02075623389
Monisha Varadan
Dru Edmonstone
Bishopsgate Communications Ltd Tel: 020 7562 3350
Robyn Samuelson
Siobhra Murphy
nexus@bishopsgatecommunications.com
About Nexus Management plc
Nexus Management is a growing specialist IT Managed Services Provider. Nexus
has two key markets: the UK and the US, where it can offer its customers 24
hour support. Nexus specialises in Remote Server Management, Disaster Recovery,
Data Storage, Help-Desk, Desktop Support and Wide Area Network Management and
Monitoring - providing Enterprise caliber technical support.
Nexus is quoted on AIM, a market of the London Stock Exchange. For further
information on the Company, please visit www.nexusmgmt.com
END
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