Business
Offer Unconditional
Offer Unconditional.
About this update from Volvere Plc
[{"type":"text","content":"\n Volvere PLC\n02 November 2006\n\n\n\n\n\n\nVolvere plc\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR\nFROM THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER\nJURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF\nSUCH JURISDICTION\n\n\nFOR IMMEDIATE RELEASE\n\n\n2 November 2006\n\n\n Recommended Offer\n\n for\n\n NMT Group PLC ('NMT')\n\n by\n\n Volvere plc ('Volvere')\n\n\nOffer unconditional in all respects\n\n\nFurther to the announcement made on 14 September 2006 by Volvere of its offer to\nacquire the entire issued and to be issued ordinary share capital of NMT not\nalready owned by Volvere (the 'Offer') and the posting of the Offer Document on\n12 October 2006, Volvere announces that subject to admission of the New Volvere\nShares to trading on AIM becoming effective, all conditions relating to the\nOffer have been satisfied or waived and accordingly the Offer has been declared\nunconditional in all respects.\n\nThe Offer will remain open for acceptance until further notice.\n\n\nLevel of acceptances\n\nAs at 1.00 p.m. (London time) on 2 November 2006, valid acceptances had been\nreceived in respect of 4,166,460 NMT Shares, representing approximately 47.8 per\ncent. of NMT's issued ordinary share capital.\n\nThis total includes acceptances in respect of 1,760,343 NMT Shares in respect of\nwhich Volvere had received irrevocable undertakings to accept the Offer,\nrepresenting approximately 20.2 per cent. of the issued ordinary share capital\nof NMT.\n\nPrior to announcement of the Offer Volvere held 2,604,683 NMT Shares\nrepresenting approximately 29.9 per cent. of the issued ordinary share capital\nof NMT.\n\nAccordingly, as at 1.00pm (London time) on 2 November 2006, Volvere either owns\nor has received acceptances of the Offer in respect of a total of 6,711,143 NMT\nShares, representing approximately 77.7 per cent. of the issued ordinary share\ncapital of NMT.\n\nIn accordance with the conditions of the Offer, Volvere has waived the\nrequirement to receive acceptances in respect of not less than 90 per cent. of\nthe NMT Shares to which the Offer relates and has decided to declare the Offer\nunconditional as to acceptances having received acceptances in respect of NMT\nShares carrying, when aggregated with the NMT Shares already owned...