IXE Ixeurope

RNS Number:9390A
IXEurope PLC
26 July 2007

26 July 2007



IXEUROPE PLC (the "Company")



Scheme Document posted to shareholders



On 19 July 2007, the Boards of Equinix UK Limited ("Equinix") and the Company
announced that they had reached agreement on the terms of an increased
recommended cash offer for the entire issued and to be issued share capital of
the Company to be implemented by means of a scheme of arrangement under section
425 of the Companies Act 1985 (the "Scheme").



Accordingly, the Company now announces that a scheme document in relation to the
Scheme (the "Scheme Document") is being posted to the Scheme Shareholders today.



Capitalised terms used in this announcement but not defined shall bear the
meaning ascribed to them in the Scheme Document.



The Court Meeting and Extraordinary General Meeting in relation to the Scheme
have been convened for 10.00 a.m. and 10.10 a.m. (or as soon thereafter as the
Court Meeting shall have been concluded or adjourned) respectively on Monday 20
August 2007. Both meetings will be held at the offices of Simmons & Simmons at
CityPoint, One Ropemaker Street, London, EC2Y 9SS. A full description of the
expected timetable of principal events, the terms and conditions of the Scheme
and the action to be taken by Scheme Shareholders are set out in the Scheme
Document. As described in the Scheme Document, the Scheme will require the
approval of Scheme Shareholders at the Court Meeting, the passing of a
resolution by Scheme Shareholders at the Extraordinary General Meeting and the
sanction of the Scheme by the Court.



Copies of the Scheme Document are available for inspection during normal
business hours on any business day at the offices of Simmons & Simmons at
CityPoint, One Ropemaker Street, London, EC2Y 9SS up to and including (i) the
Effective Date or (ii) the date that the Scheme lapses or is withdrawn,
whichever of (i) and (ii) is the earlier. Copies of the Scheme Document have
also been submitted to the London Stock Exchange.



Application will be made for the IXEurope Shares to be cancelled from trading on
AIM, a market operated by the London Stock Exchange with effect from 7.30 a.m.
on the Effective Date.  It is expected that the Effective Date of the Scheme
will be 14 September 2007 subject to the satisfaction of all relevant
conditions. This date is indicative only and will depend, inter alia, on the
date upon which the Court sanctions the Scheme and the reduction of capital
involved therein. If the expected date of the Court Hearing is changed, the
Company will give two weeks written notice of such change to Scheme
Shareholders.



Enquiries


Lazard (financial adviser to the Company)                  Tel. +44 20 7187 2000
Cyrus Kapadia
Vincent Le Stradic

College Hill Associates (PR Adviser to the Company)        Tel: +44 20 7457 2020
Adrian Duffield





Lazard, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for the Company and no one else in
connection with the Acquisition and will not be responsible to anyone other than
the Company for providing the protections afforded to clients of Lazard or for
providing advice in relation to the Acquisition or any offer or arrangement
referred to herein.



This announcement does not constitute an offer or invitation to purchase or
subscribe for any securities or the solicitation of any vote or approval in any
jurisdiction. Only the Scheme Document will contain the full terms and
conditions of the Proposals, including details of how to vote in favour of the
Scheme. Any acceptance or other responses to the Scheme should be made only on
the basis of the information in the Scheme Document. The Company has prepared
the Scheme Documentation to be distributed to the Scheme Shareholders and to
participants in the IXEurope Share Schemes. The Company and Equinix urge the
Scheme Shareholders and the participants in the IXEurope Share Schemes to read
the Scheme Document because it will contain important information relating to
the Proposals.



The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.



This announcement has been prepared for the purpose of complying with English
law, the AIM Rules and the City Code 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 and regulations of any jurisdiction outside
the United Kingdom.



The availability of the Scheme Document to persons not resident in the United
Kingdom may be affected by the laws of the relevant jurisdictions. Such persons
should inform themselves about and observe any applicable requirements of those
jurisdictions.



Notice to shareholders of the Company in the United States: the Acquisition
relates to the shares of a company incorporated in England and Wales and are
proposed to be implemented by means of a scheme of arrangement provided for
under English company law. A transaction effected by means of a scheme of
arrangement is not subject to the tender offer rules under the United States
Securities Act of 1933, as amended. Accordingly, the Acquisition is subject to
the disclosure requirements and practices applicable in England and Wales to
schemes of arrangement which differ from the disclosure requirements of the
tender offer rules under the United States Securities Act of 1933, as amended.
Financial information included in the relevant documentation will have been
prepared in accordance with accounting standards applicable in the United
Kingdom that may not be comparable to the financial statements of companies in
the United States.



Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
"interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of IXEurope, all "dealings" in any "relevant securities" of that
company (including by means of an option in respect of, or a derivative
referenced to, any such "relevant securities") must be publicly disclosed by no
later than 3.30 pm (London time) on the London business day following the date
of the relevant transaction.  This requirement will continue until the date on
which the offer becomes, or is declared, unconditional as to acceptances, lapses
or is otherwise withdrawn or on which the "offer period" otherwise ends.  If two
or more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an "interest" in "relevant securities" of
IXEurope, they will be deemed to be a single person for the purpose of Rule 8.3.



"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website.  If you are in any doubt as to whether or not you are
required to disclose a "dealing" under Rule 8, you should consult the Panel.



If you are in any doubt as to the application of Rule 8 to you, please contact
an independent financial adviser authorised under the Financial Services and
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number +44 (0) 20 7638 0129; fax number +44 (0)
20 7236 7013.



.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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