Focus Dynamics PLC - Offer Wholly Unconditional
15 Septiembre 1999 - 6:02AM
UK Regulatory
RNS No 4960m
FOCUS DYNAMICS PLC
15 September 1999
BRECKENBURN LIMITED ("BRECKENBURN") OFFER FOR FOCUS DYNAMICS
PLC ("FOCUS") DECLARED WHOLLY UNCONDITIONAL
The board of Breckenburn announces that the cash offer made
by Apax Partners & Co. Capital Limited on behalf of
Breckenburn for the entire issued and to be issued ordinary
share capital of Focus has been declared wholly
unconditional.
As announced earlier today Breckenburn has 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 Breckenburn
owns 539,000 Focus Shares representing approximately 3.27
per cent. of the issued share capital of Focus.
Accordingly, Breckenburn owns, or has received valid
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 Offer will remain open for acceptance until further
notice. The board of Breckenburn stated in the offer
document dated 24 August 1999 its intention to de-list Focus
Shares from the London Stock Exchange at the earliest
opportunity. This remains the board's intention and a
further announcement will be made in due course.
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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