Business
Offer Extended
Offer Extended.
About this update from Synectics Plc
[{"type":"text","content":"\n Quadnetics Group PLC\n04 November 2005\n\n\nQuadnetics Group PLC\n\n4 November 2005\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE\nUNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN\n\n\nRECOMMENDED OFFER FOR PROTEC PLC\n\n\nOffer Extended\n\n\nAs at 1.00pm on 4 November 2005, valid acceptances had been received in respect\nof 117,165,451 Protec Shares (representing approximately 72.99 per cent. of\nProtec's issued share capital).\n\nPrior to the posting of the Offer Document, Quadnetics had received irrevocable\nundertakings from the Protec Directors and certain other Protec Shareholders to\naccept the Offer in respect of, in aggregate, 99,758,979 Protec Shares\nrepresenting 62.15 per cent. of the existing issued Protec Shares. Of these\nirrevocable undertakings the Board has received valid acceptances from, in\naggregate, 78,252,406 Protec Shares, representing 48.75 per cent. of the\nexisting issued Protec Shares.\n\nQuadnetics announces that it is extending the Offer and that the next closing\ndate of the Offer will be 1.00pm on 18 November 2005.\n\nTerms defined in the Offer Document dated 30 September 2005 shall, unless the\ncontext requires otherwise, have the same meanings in this announcement.\n\n\nEnquiries\n\nQuadnetics 01527 850080\nRuss Singleton, Chief Executive\nNigel Poultney, Finance Director\n\nBrewin Dolphin Securities Ltd 0113 241 0130\n(Financial Adviser and Corporate Broker to Quadnetics)\nNeil Baldwin\nKeith Williams\n\nProtec 01923 211550\nBill Moir, Chief Executive\n\nTeather & Greenwood 0207 246 9000\n(Financial Adviser and Corporate Broker to Protec)\nJeff Keating\nRob Naylor\n\nMedia Enquiries\n\nAbchurch Communications 0207 398 7700\nChris Munden\nKathryn Murphy\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2317,"tagName":"div"}]