TIDMGO.

RNS Number : 7167C

GlobeOp Financial Services S.A.

04 May 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For Immediate Release 4 May 2012

GlobeOp Financial Services S.A. ("GlobeOp" or the "Company")

Offer by SS&C Technologies Holdings Europe S.a r.l. ("SS&C")

Acceptances by directors and management

The Independent Directors of GlobeOp confirm that the members of the GlobeOp board of directors and management team set out below, each of whom had previously either irrevocably undertaken to accept the offer made by Geo 3 & Co SCA ("Geo") or otherwise contracted to sell their GlobeOp shares to Geo, have confirmed that they either have submitted or intend to submit acceptances of the offer by SS&C in respect of 24,087,689 GlobeOp Shares in aggregate, accounting for approximately 22.4 per cent. of the issued share capital of GlobeOp of 107,680,414 Shares as at 2 May 2012:

 
                                         % of current 
                                         issued share 
                    Number of GlobeOp      capital of 
 Name                          Shares         GlobeOp 
-----------------  ------------------  -------------- 
 Ed Nicoll                    930,375            0.9% 
 Hans Hufschmid            13,742,948           12.8% 
 Vernon Barback             1,011,100            0.9% 
 Martin Veilleux               50,000           0.05% 
 Andrea Dulberg                50,000           0.05% 
 Ira Rosenblum              4,520,125            4.2% 
 Ron Tannenbaum             3,783,141            3.5% 
                           24,087,689           22.4% 
 

The SS&C offer remains open for acceptances until the next closing date, which is 1.00pm (London time) on 8 May 2012.

The Independent Directors reiterate their recommendation that GlobeOp Shareholders accept the SS&C offer as soon as practicable.

 
 
  Enquiries: 
 Evercore Partners (Financial Adviser 
  to GlobeOp) 
 Edward Banks                                Tel: +44 (0)20 7268 
                                              2700 
 Andrew Price 
 BofA Merrill Lynch (Corporate Broker 
  to GlobeOp) 
 Andrew Tusa                                 Tel: +44 (0)20 7996 
                                              1000 
 Peter Brown 
 Espirito Santo Investment Bank (Corporate 
  Broker to GlobeOp) 
 Peter Tracey                                Tel: +44 (0)20 7456 
                                              9191 
 Richard Crawley 
 James Staveley 
 Brunswick Group LLP (Media enquiries 
  to GlobeOp) 
 Gill Ackers                                 Tel: +44 (0)20 7404 
                                              5959 
 Sheena Shah 
 

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10(th) business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

Evercore Partners International LLP is authorised and regulated in the United Kingdom by the Financial Services Authority and is acting as financial advisor to GlobeOp and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than GlobeOp for providing the protections afforded to its clients nor for providing advice in relation to the matters set out in this announcement.

Merrill Lynch International is authorised and regulated in the United Kingdom by the Financial Services Authority and is acting as corporate broker to GlobeOp and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than GlobeOp for providing the protections afforded to its clients nor for providing advice in relation to the matters set out in this announcement.

Execution Noble & Co Limited, trading as Espirito Santo Investment Bank, is authorised and regulated in the United Kingdom by the Financial Services Authority and is acting as corporate broker to GlobeOp and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than GlobeOp for providing the protections afforded to its clients nor for providing advice in relation to the matters set out in this announcement.

Publication on Website

A copy of this announcement will be made available subject to certain restrictions relating to persons resident in Restricted Jurisdictions on http://www.globeop.com/globeop/ab/fi by no later than 12 noon (London time) on 4 May 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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