THF Thirdforce

 

TIDMTHF 
 
RNS Number : 3808R 
Thirdforce PLC 
29 April 2009 
 

ThirdForce PLC (the 'Company') 
 
 
29 April 2009 
 
 
The Independent Directors note the recent rise in the Company's share price. 
Further to the announcement on 30 March 2009, the Company has engaged in 
discussions with LearnVantage Limited ("LearnVantage") which may or may not lead 
to an offer being made for the Company (the "Approach"). The Independent 
Directors have concluded that the cash element of the proposed offer of 8c per 
share would not be recommended. Whilst discussions with LearnVantage in relation 
to its approach are ongoing, no agreement has been reached to increase this 
price. 
 
 
Accordingly, it may take some time to ascertain whether an offer for the Company 
may be forthcoming. A further announcement in relation to the Approach will be 
made if and when appropriate. 
 
 
The Independent Directors of ThirdForce comprises of Mike Newton, Carol Clark 
and Edwin Robinson. Neither Eimer McGovern nor Alan Maguire previously referred 
to as being part of the 'Committee of Independent Directors' are deemed 
Independent Directors and do not form part of the 'Committee of Independent 
Directors'. 
 
 
Enquiries: 
 
 
Goodbody Corporate Finance 
Finbarr Griffin 
Stephen Kane 
Phone: +353 1 667 0420 
 
 
The Independent Directors of the Company accept responsibility for the 
information contained in this announcement. To the best of the knowledge and 
belief of the Independent Directors of the Company (who have taken all 
reasonable care to ensure such is the case) the information contained in this 
announcement is in accordance with the facts and does not omit anything likely 
to affect the import of such information. 
 
 
Goodbody Corporate Finance, which is regulated in Ireland by the Financial 
Regulator, is acting for the Company and no-one else in relation to the Approach 
and will not be responsible to anyone other than the Company for providing 
advice in relation to the Approach. 
 
 
Any person who is a holder of one per cent. or more of any class of shares in 
ThirdForce PLC may be required to make disclosures pursuant to Rule 8.3 of the 
Irish Takeover Panel Act, 1997, Takeover Rules 2007 and 2008. 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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