SDL Sdl Plc

RNS Number:0437Q
SDL PLC
16 January 2002



For Immediate Release                                           16 January 2002



Not for release, publication or distribution in whole or in part in or into
the United States, Canada, Japan, or Australia



                           SDL plc ("the Company")



                   Result of the Placing and Open Offer of

            11,276,620  New Ordinary Shares at 64 pence per share



On 14 December 2001 the Company announced the terms of a Placing and Open
Offer of 11,276,620 New Ordinary Shares at 64p per share to raise
approximately #7.2 million.



Certain Shareholders gave irrevocable undertakings not to take up their
entitlements under the Open Offer amounting to, in aggregate, 2,881,555 New
Ordinary Shares and these were placed firm with institutional and other
investors at the Issue Price.  The balance of 8,395,065 New Ordinary Shares
were made available for take up by Qualifying Shareholders under the Open
Offer.



By 3.00pm on 11 January 2002, being the latest time and date for receipt of
completed Application Forms and payment in full under the Open Offer, valid
applications had been received from Qualifying Shareholders for 3,020,996 New
Ordinary Shares, representing approximately 36.0 per cent. of the New Ordinary
Shares which were made available for take up by Qualifying Shareholders under
the Open Offer, excluding those which were placed firm.



The balance of 5,374,069 New Ordinary Shares will be taken up by institutional
and other investors with whom they were placed subject to recall to satisfy
valid applications by Qualifying Shareholders under the Open Offer.



The Placing and the Open Offer are conditional upon, inter alia, (1) the
Placing Agreement having become unconditional in all respects and not, prior
to Admission, having been terminated in accordance with its terms; (2) at
least 50.1% of the outstanding common shares of ALPNET, Inc. being tendered
and not withdrawn pursuant to the Tender Offer made on 13 December 2001 and
(3) Admission.



Due to a requirement to extend the Tender Offer it is expected that Admission
and dealings in the New Ordinary Shares will commence on 17 January 2002 (not
16 January 2002 as stated in the Prospectus dated 14 December 2001) and that
definitive share certificates will be despatched by 24 January 2002.



Words and expressions defined in the Prospectus dated 14 December 2001 shall,
unless the context otherwise requires, have the same meanings when used in
this announcement.



For further information contact:


SDL plc                                           01628 410110
Mark Lancaster

Buchanan Communications                           020 7466 5000
Bobby Morse

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