Delisting of Intec Telecom Systems plc Shares
30 Noviembre 2010 - 5:30AM
UK Regulatory
TIDMITL
FOR IMMEDIATE RELEASE
Not for release, publication or distribution, in whole or in part, in, into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws of that jurisdiction
30 November 2010
Recommended Proposals for the cash acquisition of Intec Telecom Systems plc by
CSG Systems UK Limited
Delisting of Intec Telecom Systems plc Shares
Following an application by Intec Telecom Systems plc ("Intec") to the UK
Listing Authority, the listing of Intec's Shares on the London Stock Exchange's
main market for listed securities and the admission of the Intec Shares to the
Official List in each case was cancelled and consequently Intec Shares ceased to
be admitted to trading on the London Stock Exchange with effect from 8:00 a.m.
(London time) today.
Capitalised terms used but not defined in this announcement have the same
meanings as given to them in the circular containing the Scheme that was sent to
Intec Shareholders on 12 October 2010.
A copy of this announcement will be available on the Intec website at
www.intecbilling.com/csgacquisition.aspx by no later than noon on 1 December
2010.
Enquiries
Intec +44(0) 1483 745800
Andrew Taylor, Chief Executive Officer
Robin Taylor, Chief Financial Officer
RBS Hoare Govett +44(0)20 7678 8000
Simon Hardy
Alex Garton
Graham Hertrich
Financial Dynamics +44(0)20 7831 3113
Juliet Clarke
Haya Herbert Burns
Dealing Disclosure requirements
Under Rule 8.3(a) of the City Code, any person who is interested in one per
cent. or more of any class of relevant securities of an offeree company or of
any paper offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an "Opening Position Disclosure" following the commencement of the
offer period and, if later, following the announcement in which any paper
offeror is first identified.
An "Opening Position Disclosure" must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant securities of
each of (i) the offeree company and (ii) any paper offeror(s). An "Opening
Position Disclosure" by a person to whom Rule 8.3(a) applies must be made by no
later than 3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later than 3.30 pm
(London time) on the 10th business day following the announcement in which any
paper offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to the deadline
for making an "Opening Position Disclosure" must instead make a "Dealing
Disclosure".
Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in
one per cent. or more of any class of relevant securities of the offeree company
or of any paper offeror must make a "Dealing Disclosure" if the person deals in
any relevant securities of the offeree company or of any paper offeror. A
"Dealing Disclosure" must contain details of the dealing concerned and of the
person's interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any paper
offeror, save to the extent that these details have previously been disclosed
under Rule 8. A "Dealing Disclosure" by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business day
following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a paper offeror, they will be deemed to be a
single person for the purpose of Rule 8.3.
"Opening Position Disclosures" must also be made by the offeree company and by
any offeror and "Dealing Disclosures" must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see Rules
8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant
securities "Opening Position Disclosures" and "Dealing Disclosures" must be made
can be found in the "Disclosure Table" on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. If you are in any doubt as to whether you are required to make
an "Opening Position Disclosure" or a "Dealing Disclosure", you should contact
the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.
Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website.
[HUG#1467053]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Intec Telecom Systems Plc via Thomson Reuters ONE
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