Compulsory Acqn of Shares
04 Abril 2003 - 3:44AM
UK Regulatory
RNS Number:6486J
CODASciSys PLC
04 April 2003
CODASciSys plc ("CODASciSys")
Recommended Cash Offer and Partial Share Alternative for SquareSum Plc
("SquareSum") (the 'Offer')
Completion of Compulsory Acquisition
On 5 February 2003 CODASciSys announced that it had received valid acceptances
of the Offer in respect of 4,105,717 SquareSum Shares and had otherwise acquired
an additional 307,454 SquareSum Shares, representing in aggregate approximately
99.65% of SquareSum's issued share capital. CODASciSys also announced that it
had given notice to exercise its rights pursuant to sections 428 to 430 F of the
Companies Act to acquire compulsorily any SquareSum Shares which it did not at
that time already hold and in respect of which valid acceptances of the Offer
had not been received.
CODASciSys is now pleased to announce that it has completed the compulsory
acquisition of all SquareSum Shares which have not been assented to the Offer or
otherwise acquired by CODASciSys. As a result, CODASciSys now owns beneficially
100 per cent. of the issued share capital of SquareSum.
4 April 2003
Enquiries:
Mike Love, Group Managing Director 01249 466466
Isabel Petre, Buchanan Communications 020 74665000
John Wakefield, Rowan Dartington 0117 9330020
This information is provided by RNS
The company news service from the London Stock Exchange
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