TIDMPIC 
 
 
   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 or regulations of such 
jurisdiction. 
 
   FOR IMMEDIATE RELEASE                                                                            23 December 2015 
 
 
   RECOMMENDED COMBINATION 
 
   OF 
 
   PACE PLC ("PACE") 
 
   AND 
 
   ARRIS GROUP, INC. 
 
   In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, 
Pace confirms that it has in issue 327,672,075 ordinary shares of 5 
pence each ("Pace Shares") that are admitted to trading on the main 
market of the London Stock Exchange. No Pace Shares are held in 
treasury. The ISIN Number for the Pace Shares is GB0006672785. 
 
   The total number of shares attracting voting rights in Pace is therefore 
327,672,075. This figure may be used by shareholders to determine the 
percentage of issued share capital they hold in Pace. 
 
   For further information please contact: 
 
   Pace Investor Contacts 
 
   Mark Shuttleworth 
 
   Chris Mather 
 
   Tel: (+44 1274 538 330) 
 
   J.P. Morgan Cazenove (Financial Adviser and Corporate Broker to Pace) 
 
   Hugo Baring 
 
   Thomas White 
 
   Dwayne Lysaght 
 
   Sam Roberts 
 
   Tel: (+44 20 7742 4000) 
 
   Jefferies (Corporate Broker) 
 
   Nick Adams 
 
   David Watkins 
 
   Tel: (+44 20 7029 8000) 
 
   Pace Media Contacts 
 
   (Pendomer Communications) 
 
   Charles Chichester 
 
   Tel: (+44 20 3603 5220) 
 
   Publication of this announcement 
 
   A copy of this announcement will be made available subject to certain 
restrictions relating to persons resident in restricted jurisdictions on 
Pace's website (www.pace.com). 
 
   Dealing Disclosure requirements 
 
   Under Rule 8.3(a) of the Code, any person who is interested in 1 per 
cent. or more of any class of relevant securities of an offeree company 
or of any securities exchange 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 securities exchange 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 securities exchange 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 (BST)) on the 10th business day following the commencement 
of the offer period and, if appropriate, by no later than 3.30 pm 
(London time (BST)) on the 10th business day following the announcement 
in which any securities exchange offeror is first identified. Relevant 
persons who deal in the relevant securities of the offeree company or of 
a securities exchange 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 per cent. or more of any class of relevant securities of the 
offeree company or of any securities exchange offeror must make a 
Dealing Disclosure if the person deals in any relevant securities of the 
offeree company or of any securities exchange 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 
securities exchange 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 (BST)) 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 securities 
exchange 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 http://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. You should contact 
the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are 
in any doubt as to whether you are required to make an Opening Position 
Disclosure or a Dealing Disclosure. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Pace plc via Globenewswire 
 
   HUG#1975835 
 
 
  http://www.pace.com/ 
 

(END) Dow Jones Newswires

December 23, 2015 12:34 ET (17:34 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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