Focus Dynamics PLC - Offer Acceptances
15 Septiembre 1999 - 2:34AM
UK Regulatory
RNS No 4686x
FOCUS DYNAMICS PLC
15 September 1999
BRECKENBURN LIMITED ("BRECKENBURN") OFFER (THE "OFFER") FOR
THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF FOCUS
DYNAMICS PLC ("FOCUS") - 51.63 PER CENT. LEVEL OF
ACCEPTANCES
On 20 August 1999, a cash offer was announced by Apax
Partners on behalf of Breckenburn for the issued and to be
issued share capital of Focus.
By 3.00pm London time on 14 September 1999, being the first
closing date of the Offer, Breckenburn had received valid
acceptances from the holders of 7,966,527 Focus Shares
(representing approximately 48.36 per cent. of the existing
issued share capital of Focus).
In addition, on 20 August 1999, Breckenburn acquired 539,000
Focus Shares representing approximately 3.27 per cent. of
the issued share capital of Focus at 32p per share.
Accordingly, Breckenburn now owns, or has received
acceptances in respect of in aggregate 8,505,527 Focus
Shares representing approximately 51.63 per cent. of the
issued share capital of Focus.
The total number of acceptances received included
acceptances in respect of 4,336,049 Focus Shares
(representing 26.3 per cent. of the issued share capital of
Focus) which were the subject of irrevocable undertakings to
accept the Offer.
The Offer will remain open for acceptance until further
notice. Terms defined in the original offer document dated
24 August 1999 have the same meaning in this announcement
unless the context requires otherwise.
Apax Partners, which is regulated by The Securities and
Futures Authority Limited, is acting for Breckenburn and no
one else in connection with the Offer for Focus and will not
be responsible to anyone other than Breckenburn for
providing the protections afforded to their customers or for
providing advice in relation to the Offer.
Apax Partners has approved this announcement as an
investment advertisement solely for the purposes of section
57 of the Financial Services Act 1986.
The directors of Breckenburn, whose names are Grant Findlay,
Bill Eastwood and Trevor Wheatley accept responsibility for
the information contained in this announcement. To the best
of the knowledge and belief of the directors of Breckenburn
(who have taken all reasonable care to ensure that such is
the case), the information contained in this announcement is
in accordance with the facts and does not omit anything
likely to affect the import of such information.
The Offer will not be made, directly or indirectly, in or
into the United States, Canada, Australia or Japan.
END
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