TIDMIND
RNS Number : 8590P
IndigoVision Group PLC
12 June 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
FOR IMMEDIATE RELEASE 12 June 2020
RECOMMENDED CASH ACQUISITION
of
IndigoVision Group plc ("IndigoVision")
By
Motorola Solutions International Holding Limited ("Bidco")
a wholly owned subsidiary of Motorola Solutions, Inc. ("Motorola
Solutions")
COURT SANCTION OF SCHEME OF ARRANGEMENT
Further to the announcement made by IndigoVision and Bidco on 28
May 2020, IndigoVision is pleased to announce that, at the Court
Hearing held earlier today, the Court sanctioned the Scheme. The
Scheme will become effective upon the delivery of a certified copy
of the Court Order to the Registrar of Companies, which is expected
to take place on 16 June 2020.
Dealings in IndigoVision Shares are expected to be suspended
with effect from 7.30 a.m. on 16 June 2020. Accordingly, 15 June
will, as previously announced on 28 May 2020, be the last day of
dealings in, and for the registration of transfers of, IndigoVision
Shares. The admission to trading of IndigoVision Shares on AIM is
expected to be cancelled with effect from 7.00 a.m. on 17 June
2020.
Scheme Shareholders who are on the register of members of
IndigoVision at the Scheme Record Time, being 6.00 p.m. on 15 June
2020, will receive 405 pence in cash for each IndigoVision Share
held within 14 days.
General
Capitalised terms in this announcement, unless otherwise
defined, have the same meanings as set out in the Scheme document
sent to IndigoVision Shareholders on 14 April 2020, a copy of
which, subject to certain restrictions relating to persons resident
in Restricted Jurisdictions, is available on the IndigoVision
website at www.indigovision.com/investors .
Enquiries:
Motorola Solutions/Bidco
Media Contacts; Brittany Kelly +1 224 246 3914
Investor Contacts: Tim Yocum +1 847 576 6899
finnCap (financial adviser to Motorola
Solutions/Bidco) +44 (0) 207 220 0500
Stuart Andrews / Marc Milmo / Kate Washington
IndigoVision Group plc +44 (0) 131 475 7200
Pedro Simoes / Chris Lea
N+1 Singer (Rule 3 adviser, Nominated Adviser
and Broker to IndigoVision) +44 (0) 207 496 3000
Mark Taylor / Ben Farrow / Amanda Gray
Winston & Strawn LLP are retained as legal advisers to
Motorola Solutions and Bidco. Shepherd and Wedderburn LLP are
retained as legal advisers to IndigoVision.
Further information
finnCap Ltd, which is authorised and regulated by the FCA in the
United Kingdom, is acting exclusively for Motorola Solutions and
Bidco and no-one else in connection with the Acquisition and will
not be responsible to anyone other than Motorola Solutions and
Bidco for providing the protections afforded to clients of finnCap
nor for providing advice in relation to the Acquisition or any
other matter referred to in this Announcement.
N+1 Singer, which is authorised and regulated by the FCA in the
United Kingdom, is acting exclusively as financial adviser and
nominated adviser to IndigoVision and no-one else in connection
with the Acquisition and will not be responsible to anyone other
than IndigoVision for providing the protections afforded to clients
of N+1 Singer nor for providing advice in connection with the
Acquisition or any other matter referred to in this
Announcement.
This Announcement is for information purposes only and does not
constitute an offer to sell or an invitation to purchase any
securities or the solicitation of an offer to buy any securities
pursuant to the Acquisition or otherwise. The Acquisition will be
made solely by means of the Scheme which will contain the full
terms and conditions of the Acquisition, including details of how
to vote in respect of the Acquisition.
This Announcement has been prepared for the purposes of
complying with English law, Scots law, the Code and the AIM Rules
and the information disclosed may not be the same as that which
would have been disclosed if this Announcement had been prepared in
accordance with the laws of any jurisdiction outside the United
Kingdom.
This Announcement does not constitute a prospectus or prospectus
exempted document.
No person should construe the contents of this Announcement as
legal, financial or tax advice and any interested person should
consult its own adviser in connection with such matters.
Publication on a website
Pursuant to Rule 26.1 of the Code, a copy of this Announcement
and other documents in connection with the Scheme will, subject to
certain restrictions, be available for inspection on
www.motorolasolutions.com/investors and
www.indigovision.com/investors no later than 12 noon (London time)
on the Business Day following this Announcement. The contents of
the websites referred to in this Announcement are not incorporated
into, and do not form part of, this Announcement.
Request for hard copy
If you have received this Announcement in electronic form or by
it being published on IndigoVision's website, you can obtain a hard
copy of this Announcement by contacting Computershare Investor
Services PLC at Corporate Actions Projects, Bristol, BS99 6AH or by
telephoning +44 (0)370 707 1088 or by e-mailing
IR@indigovision.com. You will not receive a hard copy of this
Announcement unless you so request. You may also inform
Computershare Investor Services PLC that you wish all future
documents, announcements and information in relation to the
Acquisition be sent to you in hard copy.
Important Information
If you are in any doubt about the contents of this Announcement
or the action you should take, you are recommended to seek your own
independent financial advice immediately from your stockbroker,
bank manager, solicitor or independent financial adviser duly
authorised under the Financial Services and Markets Act 2000 (as
amended) if you are resident in the United Kingdom or, if not, from
another appropriate authorised independent financial adviser.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
SOAGPUPWQUPUGWP
(END) Dow Jones Newswires
June 12, 2020 09:35 ET (13:35 GMT)
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