Offer Update - Timetable to completion
2009年3月20日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMDTK
RNS Number : 1892P
Dmatek Ld
20 March 2009
Dmatek Ltd.
('Dmatek' or the 'Company')
Timetable to completion and settlement of consideration
20 March, 2009, Tel Aviv, Israel - Dmatek (LSE: DTK), a leading global provider
of remote people monitoring technologies, is today updating shareholders
regarding the expected timetable to completion of the proposed sale of the
Company and settlement of consideration.
It was announced on 29 December 2008 that the Independent Directors had reached
agreement on the terms of a recommended sale of the entire issued and to be
issued share capital of Dmatek to a special purpose investment vehicle
established and funded by an investor group led by Francisco Partners, to be
effected by way of a merger in accordance with the Law.On 21 January 2009, the
Company dispatched a circular to shareholders containing, inter alia, details of
the merger agreement and notices convening the Shareholder Meetings necessary to
obtain approval for the Merger.
On 25 February 2009, the Company announced that all of the necessary resolutions
have been duly approved by Shareholders at the Shareholders Meetings held on the
same day.
It is currently expected that the last condition to completion of the Merger,
being the issuance of a certificate by the Israeli registrar, following the
lapse of the statutory waiting period, will be fulfilled during the week of 30
March, 2009. Save for those conditions which by their nature are only capable of
fulfilment on or shortly before the date on which the Merger becomes effective,
all other conditions to completion of the Merger, including all requisite
governmental consents and approvals have been obtained.
Accordingly, as provided in the Circular and the notice to holders of Depositary
Interests dated 23 February 2009, the Company will terminate its Depositary
Interest facility at 4:30pm London time on Friday 27 March 2009. At this time,
the shares held on trusts for holders of Depositary Interests will be registered
directly into their names. Certificates in respect of such shares will not be
issued.Please therefore take notice that the last day to trade Depositary
Interests in order to appear on the register at 4:30pm London time on Friday 27
March 2009 will be Tuesday 24 March 2009. Depository interest holders are urged
to ensure that all transactions are settled before this date.
The Company will also apply for its shares to be suspended from trading with
effect from 7:00am on Monday 30 March 2009. Please therefore take notice that
the last day to trade share certificates in order to appear on the register at
4:30pm London time on Friday 27 March 2009 will also be Tuesday 24 March 2009.
Shareholders are urged to ensure that all transactions are settled before this
date.
Shareholders of record when the Merger becomes effective will in due course be
mailed certain forms and declarations together with instructions for their use
as soon as possible after the Effective Time, and they will be entitled to claim
their share of the Cash Consideration from the Paying Agent by completing such
forms and returning them to the Paying Agent together with their share
certificates or other evidence of ownership, as directed.
Capitalised terms used in this announcement have the same meanings ascribed to
them in the Circular dated 21 January 2009.
Enquiries
Dmatek Ltd.
Idit Mormobile: 07834 126 742 ; +972 54 2555 860
idit@dmatek.com
BDO Stoy Hayward Corporate Finance
Michael Cobb +44 (0) 207 486 5888
This information is provided by RNS
The company news service from the London Stock Exchange
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