Business
Extension Of Offer And Offer Update
Extension Of Offer And Offer Update.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \nRNS Number : 1545X Oxford Instruments PLC 08 January 2014 \n \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\nFOR IMMEDIATE RELEASE\n8 January 2014\nRECOMMENDED CASH OFFER\nFOR\nANDOR TECHNOLOGY PLC (\"ANDOR\")\nBY\nOXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED (\"OINTH\")\nA WHOLLY-OWNED SUBSIDIARY OF OXFORD INSTRUMENTS PLC\n \nEXTENSION OF OFFER AND OFFER UPDATE\nOn 10 December 2013 the boards of Oxford Instruments plc and Andor announced that they had reached agreement on the terms of a recommended cash offer to be made by OINTH, a wholly-owned subsidiary of Oxford Instruments plc (together with OINTH, \"Oxford Instruments\"),for the entire issued and to be issued share capital of Andor (the \"Offer\").\nThe full terms of, and conditions to, the Offer together with the procedures for acceptance were set out in the offer document issued by Oxford Instruments on 17 December 2013 (the \"Offer Document\") and, in respect of Andor Shares held in certificated form, in the Form of Acceptance.\nTerms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Offer Document.\nLevel of acceptances\nAs at 1.00 p.m. (London time) on 7 January 2014, being the First Closing Date of the Offer, Oxford Instruments had received valid acceptances of the Offer in respect of 23,527,691 Andor Shares (representing approximately 73.47 per cent of the issued share capital of Andor), which Oxford Instruments may count towards the satisfaction of the acceptance condition to the Offer. So far as Oxford Instruments is aware, none of these acceptances have been received from persons acting in concert with Oxford Instruments. Of these acceptances, acceptances have been received in respect of, in aggregate, 5,659,340 Andor Shares (representing approximately 17.67 per cent of the issued share capital of Andor) which were subject to either (i) an irrevocable commitment, or (ii) a letter of intent, each as procured respectively by Oxford Instruments. \nOxford Instruments procured an irrevocable undertaking from Conor Walsh in respect of his beneficial holding of 50,000 Andor Shares (representing app...