RTS Robotic Tech

 

TIDMRTS 
 
RNS Number : 4434T 
Industrial Acquisition Vehicle Ltd 
05 June 2009 
 

 
 
For Immediate Release 
5 June 2009 
 
 
Industrial Acquisition Vehicle Ltd. 
 
 
Statement re: acquisition of 15,273,875 shares representing 24.50 per cent of 
the issued share capital in Robotic Technology Systems plc ("the Company") 
 
 
On 13 May 2009 the board of Robotic Technology Systems plc announced that the 
Company was in talks which might or might not lead to an offer for the entire 
issued share capital of the Company. 
 
 
The Board of Industrial Acquisition Vehicle Ltd has today disclosed under the 
provisions of Rule 8.1 of the City Code on Takeovers and Mergers that it has 
acquired 15,273,875 ordinary shares of 1p each in the Company, representing 
24.50 per cent of the issued share capital of the Company, from Automated 
Controls Ltd for an aggregate value of GBP730,000 representing a price of 4.7794 
pence per share. 
 
 
Industrial Acquisition Vehicle Ltd is a holding company whose primary purposes 
are to invest in, acquire and develop small businesses within the industrial 
technology, engineering and manufacturing sectors.  The Board of Industrial 
Acquisition Vehicle Ltd wishes to clarify that it remains in discussions with 
the Board of the Company with regard to a possible offer for the entire issued 
share capital of the Company.  There is however no certainty that these talks 
will result in such an offer for the Company.  Any offer if made will be in 
cash. 
 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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