Business
Proposed Tender Offer & Notice of General Meeting
Proposed Tender Offer & Notice of General Meeting.
About this update from Thruvision Group Plc
[{"type":"text","content":"\n \nRNS Number : 5074T Thruvision Group PLC 04 July 2018 \n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW\n \n4 July 2018\nThruvision Group plc\nProposed Tender Offer and Notice of General Meeting\nThruvision Group plc (AIM: THRU) (\"Thruvision\", the \"Company\" or, together with its subsidiary undertakings, the \"Group\") the specialist provider of people-screening technology to the global security market announces that it will today publish a shareholder circular (the \"Circular\") containing, amongst other things, a notice of general meeting (the \"General Meeting\") for the purposes of approving a proposed tender offer to be made by Investec Bank plc to Eligible Shareholders to purchase up to 47,000,000 Ordinary Shares, representing 28.46 per cent. of the Company's issued Ordinary Shares, at a fixed price of 17 pence per Ordinary Share, in accordance with the terms and conditions of the Tender Offer set out in Part III of the Circular being sent to Shareholders shortly. The Tender Offer is expected to close at 1.00 p.m. on 8 August 2018.\nThe Circular will shortly be available from the Company's website at www.thruvision.com.\nThe implementation of the Tender Offer requires the approval of Shareholders and a Notice of General Meeting accompanies the Circular which convenes a General Meeting to be held at the offices of Osborne Clarke LLP, One London Wall, London EC2Y 5EB at 10.00 a.m. on 24 July 2018. The Resolution to approve the purchase of Ordinary Shares pursuant to the Tender Offer at a fixed price of 17 pence per Ordinary Share will be proposed at the General Meeting.\nThe Chairman's Letter in respect of the Tender Offer, as contained in the Circular, is set out below.\nCapitalised terms used in this announcement shall have the meanings given to them in the Circular referred to above.\n \nChairman's Letter\n1. Introduction and summary\nOn 12 March 2018, the Company announced that it was carrying out a cancellation of its share premium account and capital redemption reserve for the purpos...