Settlement of the consideration due under the Offer in respect of valid acceptances which have been received by today will be despatched within 14 days and, in the case of valid acceptances received after today, within 14 days of the receipt of such acceptances, valid and complete in all respects.Ĭompulsory acquisition, delisting and cancellation of tradingĮlectron intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act 2006 to acquire compulsorily any remaining Abacus Shares in respect of which acceptances have not been received on the same terms as the Offer.Įlectron also intends, as soon as it is practicable to do so, to procure that Abacus applies for the cancellation of admission to trading of the Abacus Shares on the London Stock Exchange and for Abacus's listing on the Official List of The Offer, which remains subject to the terms set out in the Offer Document, will remain open for acceptance until further notice.Ībacus Shareholders who hold Abacus Shares in certificated form (that is, not in CREST), should complete, sign and return the Form of Acceptance in accordance with paragraph 16 (a) and (b) of Part II of the Offer Document as soon as possible.Ībacus Shareholders who hold Abacus Shares in uncertificated form (that is, in CREST), should comply with the procedure for acceptance set out in paragraph 16 (c) of Part II of the Offer Document as soon as possible. Acceptances in respect of all of these Abacus Shares have been received pursuant to these undertakings and are included in the total number of valid acceptances referred to above. of Abacus's issued ordinary share capital. Prior to the announcement of the Offer on 10 October 2008, Avnet had received irrevocable undertakings from the Abacus Directors as well as undertakings from certain other Abacus Shareholders in respect of, in aggregate, 22,240,559 Abacus Shares, representing approximately 30.2 per cent. on 19 January 2009, valid acceptances of the Offer had been received in respect of 70,394,806 Abacus Shares, representing approximately 95.7 per cent. Unconditionally cleared the proposed acquisition of Abacus by Electron.Īll of the conditions to the Offer as set out in the Offer Document dated 7 November 2008 have now been satisfied or waived and, accordingly, the Offer is declared unconditional in all respects.Īs at 3:00 p.m. (Electron) announce Electron's Offer for Abacus Group plc (Abacus) has beenĪvnet and Electron are pleased to announce that the European Commission has (Avnet) and Electron House (Overseas) Limited 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.Įlectron House (Overseas) Limited, a wholly-owned subsidiary of Avnet, Inc. ![]() ![]() ![]() Offer Declared Unconditional in all Respects Posted at 18:21 by cyberpostdone and dusted.
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