Further re Offer
22 Octubre 2007 - 7:16AM
UK Regulatory
RNS Number:1222G
Telent PLC
22 October 2007
The Board of telent plc received a letter on Friday 19 October 2007, from the
Pensions Regulator, in which the Pensions Regulator informed the company that it
had exercised its powers to appoint three independent trustees to the company's
pension plan.
The Board of telent intends to discuss the contents of this letter with the
Pensions Regulator.
The operational strength of telent and the legal relationship between the
company and the trustees of the Pension Plan under the Plan's trust deed and
rules and escrow arrangement are unaffected.
The Directors of telent, who have been so advised by Lazard & Co., Limited,
consider the terms of the offer for telent announced on 25 September 2007 by
Co-Investment No. 5 L.P. Incorporated to be fair and reasonable and continue
unanimously to recommend acceptance of the offer.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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