Business
Completion of Offer for 6PM Holdings plc & TVR
Completion of Offer for 6PM Holdings plc & TVR.
About this update from Idox Plc
[{"type":"text","content":"\n \nRNS Number : 6374V IDOX PLC 31 January 2017 \n\n \n31 January 2017\nIdox plc\n(\"Idox\" or the \"Company\")\n \nCompletion of Offer for 6PM Holdings plc and Total Voting Rights\n \nIdox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce, further to the announcement on 14 December 2016 of the Company's voluntary public offer for 6PM Holdings plc (the \"Offer\"), that 7,182,540 new ordinary shares of 1 pence each in the Company (\"Consideration Shares\") have today been allotted to satisfy the share element of the Combined Consideration payable pursuant to the Offer.\n \nFurther to the announcement of 24 January 2017, Idox has been informed by its receiving agent in Malta that an additional two elections over 1,242 6PM Shares were received prior to the Closing Date of the Offer. These elections were for the Alternative Consideration. There is no change to the total consideration payable by Idox to 6PM Shareholders in respect of the Offer. Including these two elections, as at the Closing Date of 11.00am on 24 January 2017, Idox had received valid acceptances of the Offer in respect of 20,595,715 6PM Shares (representing approximately 98.15% of the issued share capital of 6PM). Including the irrevocable undertakings, acceptances over 10,977,942 6PM Shares were received for the Combined Consideration and acceptances over 9,617,773 6PM Shares were received for the Alternative Consideration.\n \nApplication has been made to the London Stock Exchange for the Consideration Shares, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM and admission is expected to become effective on or around 1 February 2017.\n \nFollowing the issue of the Consideration Shares, the Company's total issued share capital is 405,361,270 Ordinary Shares. The Company holds 2,991,219 Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in issue excluding shares held in treasury is 402,370,051. The above figure of 402,370,051 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance ...