Business
Offer Update
Offer Update.
About this update from Thruvision Group Plc
[{"type":"text","content":"\n RNS Number : 4409R Digital Barriers plc 23 August 2010 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL\n \n\n23 August 2010\n \n \nRecommended cash offer by Digital Barriers plc (\"Digital Barriers\") for the entire issued and to be issued ordinary share capital of COE Group plc (\"COE\")\n \n \nOffer unconditional in all respects\n \nOn 30 July 2010, Digital Barriers made a recommended cash offer for the entire issued and to be issued ordinary share capital of COE.\nThe Offer Document was posted to COE Shareholders on 30 July 2010. \n \nThe Board of Digital Barriers is pleased to announce that all of the conditions to the Offer have now been satisfied or waived and, accordingly, that the Offer is unconditional in all respects. \n \nThe Offer will remain open for acceptances until further notice.\n \nAs at 3.00pm on 20 August 2010, Digital Barriers had received valid acceptances in respect of 34,152,824 COE Shares representing in total approximately 92.94 per cent. of COE's issued share capital. None of these acceptances were received from persons acting in concert with Digital Barriers and each of these acceptances will be counted towards the satisfaction of the acceptance condition under the Offer.\n \nPrior to making the Offer, Digital Barriers obtained irrevocable undertakings to accept, or procure the acceptance of, the Offer from certain COE Shareholders in respect of 23,101,490 COE Shares, representing in aggregate approximately 62.87 per cent. of the issued share capital of COE. In respect of the COE Shares which are the subject of irrevocable undertakings, Digital Barriers had at 3.00 pm on 20 August 2008 received valid acceptances in respect of 22,375,550 COE Shares, representing approximately 60.90 per cent. of the issued share capital of COE. \n \nSave as disclosed in this announcement, neither Digital Barriers, nor any person acting in concert with Digital Barriers, is interested in or has any rights to subscribe for any COE Shares nor does any such person have any short position (whether conditional or absolute and whether in the money or otherwise), including any short position under a derivative or any ar...