TIDMSSY
RNS Number : 5775O
SCISYS Group PLC
02 October 2019
SCISYS Group PLC
("SCISYS", the "Group" or the "Company")
CMA Clearance
SCISYS Group PLC ("SCISYS" AIM SSY; ESM: SCC), the supplier of
bespoke software systems, IT-based solutions and support services
to the space, media & broadcast, government, defence and
commerce sectors, is pleased to note the announcement this morning
by the CMA of its clearance of the anticipated acquisition by CGI
Group Holdings Europe Limited of SCISYS Group plc
("Acquisition").
The Acquisition received clearance from the German merger
control authority (Bundeskartellamt) in July 2019. The Acquisition
remains conditional on the required regulatory approval by the
German Federal Ministry of Economics and Energy (Bundesministerium
für Wirtschaft und Energie, BMWi), for which the review process is
ongoing and further announcements will be made in due course, as
appropriate.
The Acquisition and the Scheme, which were approved by SCISYS
Shareholders on 7 August, remain subject to the satisfaction or (if
capable of waiver) waiver of the remaining conditions as set out in
Part 5 of the Scheme Document, including the sanction of the Scheme
by the High Court.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the Scheme Document.
For further information please contact:
SCISYS Group PLC +44 (0)1249 466 466
Mike Love Chairman
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Klaus Heidrich Chief Executive
Officer
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Chris Cheetham Finance Director
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finnCap
(NOMAD & AIM Broker) +44 (0)20 7220 0500
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Julian Blunt/James Corporate Finance
Thompson
Andrew Burdis Corporate Broking
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Walbrook PR +44 (0)20 7933 8780
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Tom Cooper/Paul Vann +44 (0)797 122 1972
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tom.cooper@walbrookpr.com
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Davy (ESM Broker) +353 1 679 6363
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John Frain john.frain@davy.ie
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About SCISYS Group:
Employing around 670 staff, SCISYS Group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations.
Customers include the Environment Agency, the Ministry of
Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva,
Vodafone, the European Space Agency, Eumetsat, the BBC, Radio
France, RTL, RNLI, Pets at Home, Siemens and the National Trust.
The Company's registered office is in Dublin, with UK offices in
Chippenham, Bristol, Leicester and Reading and German offices in
Bochum, Dortmund, Darmstadt and Munich. More information is
available at www.scisys.co.uk.
This announcement has been released by Natasha Laird, Company
Secretary, on behalf of the Company.
Responsibility
SCISYS Group PLC Directors accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the Directors (who have taken all
reasonable care to ensure such is the case), the information
contained in this Announcement for which they accept responsibility
is in accordance with the facts stated therein and does not omit
anything likely to affect the import of such information.
Disclosure requirements of the Takeover Rules
Under the provisions of Rule 8.3 of the Takeover Rules, if any
person is, or becomes, "interested" (directly or indirectly) in, 1%
or more of any class of "relevant securities" of SCISYS, all
"dealings" in any "relevant securities" of SCISYS (including by
means of an option in respect of, or a derivative referenced to,
any such "relevant securities") must be publicly disclosed by not
later than 3:30 pm (Irish time) on the "business" day in Dublin
following the date of the relevant transaction. This requirement
will continue until the date on which the "offer period" ends. If
two or more persons co-operate on the basis of any agreement,
either express or tacit, either oral or written, to acquire an
"interest" in "relevant securities" of SCISYS, they will be deemed
to be a single person for the purpose of Rule 8.3 of the Takeover
Rules.
Under the provisions of Rule 8.1 of the Takeover Rules, all
"dealings" in "relevant securities" of SCISYS by CGI Inc. or Bidco,
or by any party Acting in Concert with either of them, must also be
disclosed by no later than 12 noon (Irish time) on the business day
in Dublin following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed, can be found
on the Irish Takeover Panel's website at
www.irishtakeoverpanel.ie.
"Interests in securities" arise, in summary, when a person has
long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated
as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Takeover Rules,
which can also be found on the Irish Takeover Panel's website. If
you are in any doubt as to whether or not you are required to
disclose a dealing under Rule 8, please consult the Irish Takeover
Panel's website at www.irishtakeoverpanel.ie or contact the Irish
Takeover Panel on telephone number +353 1 678 9020 or fax number
+353 1 678 9289.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCEASEAESLNFFF
(END) Dow Jones Newswires
October 02, 2019 11:57 ET (15:57 GMT)
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