Business
Statement re Offer
Statement re Offer.
About this update from Flowtech Fluidpower Plc
[{"type":"text","content":"\n RNS Number : 1317W Flomerics Group PLC 06 June 2008 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN\n\nFOR IMMEDIATE RELEASE\n6 June 2008\n\nFLOMERICS GROUP PLC\n\nStatement re: Discussions with Autodesk regarding a possible offer for Flomerics\n \n \nAutodesk, Inc. ('Autodesk') and the Board of Directors of Flomerics Group PLC ('Flomerics' or the 'Company') are pleased to confirm that Autodesk is in continuing discussions with Flomerics and its advisers in respect of a possible offer for the Company.\nThese discussions are progressing and further announcements will be made in due course. At this stage, however, there can be no certainty that an offer from Autodesk will be forthcoming, nor as to the terms on which any offer might be made. \nYour Board, which has been so advised by Jefferies International, continues to recommend that you take no further action in relation to the Mentor offer. It materially undervalues your Flomerics shares and, accordingly, you should not accept the Mentor offer or sell your shares in the market.\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\nAutodesk Inc.\nColleen Rubart, Corporate Communications\n\nDavid Gennarelli, Investor Relations\n\nKatie Blanchard, Investor Relations\n\n\n\nTel: +1 (415) 547-2368\n\n\nTel: +1 415-507-6033\[email protected]\nTel: +1 415-507-6034\[email protected]\n\n\n\n\nCitigate Dewe Rogerson\nGinny Pulbrook\nSeb Hoyle\n\n\n\nTel: 020 7638 9571\n\n\n\n\nSalisbury Associates \nDavid Chase Lopes\n\n\nTel: 020 7291 5484\n\n\n\n\n\n\nFlomerics 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, 'interes...