Further re Tender Offer
19 Ottobre 2011 - 12:36PM
UK Regulatory
TIDMEVT
This announcement should not be transmitted, distributed or released in or onto
any jurisdiction in which such an act would constitute a violation of the
relevant laws of such jurisdiction.
19 October 2011
Eurovestech plc
("Eurovestech")
Tender Offer for D Shares of Eurovestech
by Cenkos Securities plc ("Cenkos")
Introduction
Cenkos acts as broker to Eurovestech.
On 27 September 2011 Eurovestech announced that following a detailed assessment
of its cash requirements for investment in its current business and for
investment in future opportunities, it proposed to return approximately GBP13.25
million to Shareholders by way of the Return of Cash. A circular setting out
further details of the Return of Cash and incorporating a notice convening a
General Meeting (the "Circular") was posted to Shareholders that day. The
Resolution to approve the Return of Cash was duly passed by Shareholders on 14
October 2011 and D Shares were issued to Shareholders on 17 October 2011.
Unless otherwise defined herein, terms defined in the Circular shall have the
same meaning in this announcement.
D Share Tender Offer
Cenkos, acting as principal, hereby makes the D Share Tender Offer to purchase
276,712,459 D Shares in respect of which valid acceptances of the D Share
Tender Offer have been received and not withdrawn from Shareholders on the
terms set out in the Circular.
Shareholders who have not validly returned a Form of Acceptance or validly
submitted a TTE Instruction in respect of the D Share Tender Offer will receive
the D Share Dividend of 4 pence per D Share in respect of all of their D
Shares. The D Share Dividend is expected to be declared on 21 October 2011.
Shareholders who have validly accepted the D Share Tender Offer are expected to
receive payment of 4 pence per D Share, free of all dealing expenses and
commissions, on or about 28 October 2011.
For further information, please contact:
Eurovestech plc
Richard Bernstein - Chief Executive Tel: 020 7478 9070
Merchant Securities Limited (Nomad)
David Worlidge/Simon Clements Tel: 020 7628 2200
Cenkos Securities plc (Broker)
Stephen Keys Tel: 020 7397 8926
END
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