Business
Potential merger
Potential merger.
About this update from Built Cybernetics Plc
[{"type":"text","content":"\n Aukett Fitzroy Robinson Group PLC\n08 August 2007\n\n\n\nAukett Fitzroy Robinson Group Plc\n('AFR' or the 'Group')\n\nMerger discussions\n\nThe boards of AFR and SMC Group plc ('SMC') announce that they have entered into\nnon binding heads of agreement relating to a proposed merger of the two\ncompanies.\n\nShareholders are advised that the discussions are at any early stage and a final\nagreement is subject to extensive commercial, financial and legal due diligence.\nThere can therefore be no guarantee that agreement on the final terms of the\nmerger will be reached or that the merger will proceed.\n\nThe proposed merger would create a group with some 890 staff with operations in\n38 offices across nine countries.\n\nFurther announcements will be made as appropriate.\n\n\n\nEnquiries:\n\n\nAukett Fitzroy Robinson Group Plc Tel: +44 (0)20 7636 8033\nNicholas Thompson, CEO\n\nJM Finn & Co Ltd Tel: +44 (0)20 7600 1658\nClive Carver\n\nAdventis Financial PR Tel: +44 (0)20 7034 4759\nChris Steele\n\n\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the\n'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in\n1% or more of any class of 'relevant securities' of AFR all 'dealings' in any\n'relevant securities' of that company (including by means of an option in\nrespect of, or a derivative referenced to, any such 'relevant securities') must\nbe publicly disclosed by no later than 3.30 p.m. (London time) on the London\nbusiness day following the date of the relevant transaction. This requirement\nwill continue until the date on which any offer becomes, or is declared,\nunconditional as to acceptances, lapses or is otherwise withdrawn or on which\nthe 'offer period' otherwise ends. If two or more persons act together pursuant\nto an agreement or understanding, whether formal or informal, to acquire an\n'interest' in 'relevant securities' of AFR, they will be deemed to be a single\nperson for the purpose of Rule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant\nsecurities' of AFR by any offeror or AFR, or by any of their respective\n'associates', must be disclosed by no later than 12.00 noon (London time) on the\nLondon business day following the date of the relevant transaction.\n\nA disclosure table, giving details of the companies in whose 'rel...