Business
Offer Update
Offer Update.
About this update from Flowtech Fluidpower Plc
[{"type":"text","content":"\n RNS Number : 5700W Flomerics Group PLC 12 June 2008 \n \n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN\n\n\n\n12 June 2008\n\nFlomerics Group plc \n(the \"Company\")\n\nContinued Discussions\n\nFurther to the previously announced ongoing discussions with Autodesk, Inc. (\"Autodesk\") and pursuant to the requirements of the City Code on Takeovers and Mergers, the Company has been informed that should any offer be forthcoming from Autodesk, the consideration for such would be satisfied solely in cash. \n\nAs has been previously announced, at this stage there can be no certainty that an offer from Autodesk will be forthcoming, nor in the event of such, as to the terms on which any such offer might be made. \n\nThis announcement has been made with the consent of Autodesk.\n\n \nEnquiries:\n\n\n\n\n\nFlomerics Group PLC\nGary Carter\nKeith Butcher\n\n\n\nTel: 020 8487 3000\n\n\n\n\nJefferies International Ltd\nAndres Pieczanski\nSarah McNicholas\n\n\n\nTel: 020 7029 8000\n\n\n\n\nOriel Securities Ltd\nAndrew Edwards\nMichael Shaw\n\n\n\nTel: 020 7710 7600\n\n\n\n\nCitigate Dewe Rogerson\nGinny Pulbrook\nSeb Hoyle\n\n\n\nTel: 020 7638 9571\n\n\n\n\n\n \n\n\n Flomerics Shares in Issue\n\nPursuant to Rule 2.10 of the City Code, Flomerics confirms that it has 22,935,250 ordinary shares of one penny each in issue and admitted to trading on the Alternative Investment Market of the London Stock Exchange (ISIN GB0003436192).\n\nDealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Flomerics, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 toge...