Business
Offer for Vista
Offer for Vista.
About this update from Ingenta Plc
[{"type":"text","content":"\n Ingenta PLC\n02 February 2007\n\n\n'These materials are not for distribution in, and should not be distributed in\nor sent into, the United States, Canada, Australia or Japan. These materials do\nnot contain or constitute an offer of securities for sale or an invitation or\noffer to the public or form of application to subscribe for securities.\n\nThe securities referred to in this document have not been and will not be\nregistered under the US Securities Act of 1933, as amended (the Securities Act),\nand may not be offered or sold in the United States unless registered under the\nSecurities Act or pursuant to an exemption from such registration. No public\noffering of securities is being made in the United States.'\n\n\n VISTA to join forces with AIM-listed Ingenta plc\n to create Publishing Technology plc\n\n\nIngenta, the AIM listed technology supplier to the publishing and information\nindustries, is to join forces with VISTA, a specialist supplier of software\nsolutions to the publishing sector.\n\n\nKey points\n\n\n • Consideration comprises 260 million new Ingenta shares and £2 million\n convertible loan notes;\n\n • Associated fundraising of 150 million new Ingenta shares to raise £1.5\n million (before expenses);\n\n • Enlarged Group will be renamed 'Publishing Technology plc';\n\n • Strengthening of Ingenta's management with the integration of VISTA's\n management team;\n\n • George Lossius, VISTA CEO, will be the Enlarged Group's CEO; and\n\n • Enlarged Group will benefit from achieving critical mass in terms of range\n of products and services, cross-selling and significant cost savings.\n\n\nIntroduction\n\nIngenta plc, the technology supplier that connects the publishing and\ninformation industries, today announces that it has conditionally agreed to\nacquire VISTA, a specialist supplier of software solutions to the publishing\nsector to create a new company, Publishing Technology plc.\n\n\n\nDue to the size of VISTA, the Acquisition is conditional upon approval of\nShareholders at the EGM. The Acquisition comprises both the purchase of the\nentire issued share capital of VISTA and the purchase of all outstanding VISTA\nLoan Notes on Admission. The consideration for the Acquisition is to be\nsatisfied by the issue to the Vendors of a total of 260,000,000 Consideration\nShares and the issue to the T...