RTS Robotic Tech

 

TIDMRTS 
 
RNS Number : 2437Y 
Industrial Acquisition Vehicle Ltd 
01 September 2009 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION 
Robotic Technology Systems plc ("RTS" or the "Company") 
Withdrawal of possible offer by Industrial Acquisition Vehicle Limited ("IAV") 
On 13 May 2009, the board of RTS 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 and that there was no certainty that the talks would result in such an 
offer. 
On 5 June 2009, IAV announced that it had acquired a 24.5% shareholding in the 
Company and that it was in discussions with the board of the Company with regard 
to a possible offer for its entire issued share capital. 
IAV wishes to inform that it has been unable to agree price and terms with the 
board of RTS for a full takeover offer for the Company and, accordingly, is no 
longer considering making such an offer. 
 
IAV nevertheless remains the Company's largest shareholder and expects to 
support the Company in developing a successful and profitable strategy over the 
coming months. 
 
 
Important Notice 
Under Rule 2.8 of the City Code on Takeovers and Mergers ("City Code"), and 
except with the consent of the Panel, the statement detailed above will prevent 
IAV or anyone acting in concert with it from announcing an offer or possible 
offer for RTS or taking certain other action within the next six months unless 
there has occurred an event which is specified as enabling the statement to be 
set aside. Accordingly, for the purposes of Rule 2.8 of the City Code, IAV 
reserves the right (on behalf of itself and anyone acting in concert with it) to 
announce an offer or possible offer for RTS and/or to take any other action 
which would otherwise be restricted under Rule 2.8 of the City Code within the 
next six months in the event that: 
(i)    the agreement or recommendation of the board of RTS is forthcoming; 
(ii)    a third party announces an offer or possible offer for RTS; 
(iii)    RTS announces a 'whitewash proposal' or a 'reverse takeover' (each as 
defined in the City Code);or 
(iv)    there is a material change in circumstances. 
The City Code does not place any restrictions on IAV's ability to acquire any of 
the assets of RTS. 
Enquiries: 
H2W Partners 
(Financial Adviser to IAV) 
Chris Heminway 
Tel: 07802 30 55 79 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPCKFKQPBKDOFB 
 

Robotic Technology (LSE:RTS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Robotic Technology (LSE:RTS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024