Business
Proposed acquisition of Telep
Proposed acquisition of Telep.
About this update from Netcall Plc
[{"type":"text","content":"\n RNS Number : 8823M Netcall PLC 01 June 2010 \n \n\nNot for release, publication or distribution, in whole or in part, in or into the United States, Canada, Australia, New Zealand, South Africa or Japan. \n \n \n1 June 2010\n \nFOR IMMEDIATE RELEASE\n \nNetcall PLC\n(\"Netcall\")\n \nRecommended proposed acquisition of Telephonetics plc (\"Telephonetics\") by Netcall by way of a scheme of arrangement\n \nProposed conditional placing to raise £4.25 million (before expenses)\n \nNetcall plc (AIM:NET) and Telephonetics plc (AIM: TPH) today announce that the boards of Netcall and Telephonetics have agreed the terms of a recommended acquisition whereby Netcall will acquire the entire ordinary share capital of Telephonetics. \n \nNetcall also announces a conditional placing to raise £4.25 million (before expenses) at 19 pence per Placing Share. \n \nEvolution Securities is acting as financial adviser, nominated adviser and broker to Netcall. Brewin Dolphin is acting as financial adviser to Telephonetics.\n \nAcquisition\n· Netcall is a UK-based provider of callback, auto-messaging and contact and workforce management solutions which it designs, develops and markets to organisations of a wide range of sizes and industry sectors including many blue-chip companies. Netcall has more than 250 customers to date\n· Telephonetics is a UK-based provider of speech automation and data integration solutions. Telephonetics has built a large customer base with over 500 deployments to date. This includes over 60 per cent. of the UK's NHS acute health trusts, more than 120 central government, local authority, police and education sites, over 80 per cent. of major UK multiplex cinemas and many blue chip companies. In addition, Telephonetics operates in the financial and legal sectors\n· The Netcall Directors believe that the Acquisition is synergistic and that the Enlarged Group will create a combined entity with an enhanced proposition for its target markets. This is expected to enable the Enlarged Group to broaden and improve its product offering through the addition of workforce management and callback products to Telephonetics' solution portfolio and by offering Telephonetics' speech automa...