VERO Vero Software

 

TIDMVERO 
 
RNS Number : 1625Z 
Vero Software PLC 
16 September 2009 
 

 
 
Vero Software plc 
 
 
("Vero" or "the Company") 
 
 
Statement re Possible Offer 
 
 
The Board of Vero notes the recent movement in the Company's share price. The 
Company has received a provisional approach from a financial institution that 
may or may not lead to an offer being made for the Company. Discussions are at a 
very early stage and there can be no certainty that an offer will be 
forthcoming. 
 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the 
Company confirms that it has  37,261,166 Ordinary Shares of 0.5p each in issue 
and admitted to trading on the London Stock Exchange under UK ISIN code 
GB0002678273. 
 
 
Dealing Disclosure Requirements: 
 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in 
1% or more of any class of "relevant securities" of the Company, 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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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 the Company, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
 
 
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant 
securities" of the Company by the Company, or by any of its respective 
"associates", must be disclosed by no later than 12.00 noon (London time) on the 
London business day following the date of the relevant transaction. 
 
 
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk. 
 
 
"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 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. 
 
 
 
 
For further information: 
 
 
Don Babbs, Chief Executive Officer    Tel: 01242 542 040 
Vero Software plc 
www.vero-software.com 
 
 
Paul Shackleton    Tel: 020 7776 6550 
Daniel Stewart & Company plc 
www.danielstewart.co.uk 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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