Business
Offer Update re: Irrevocables
Offer Update re: Irrevocables.
About this update from Volvere Plc
[{"type":"text","content":"\n Volvere PLC\n18 September 2006\n\n\n\n\n\nVolvere plc\n\n\nFor immediate release\n\n 18 September 2006\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR\nFROM THE UNITED STATES, AUSTRALIA, CANADA, 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\n Volvere plc ('Volvere')\n\n Recommended Offer for NMT Group PLC ('NMT')\n\n Irrevocable Undertakings\n\n\nOn 16 September 2006, an undertaking to accept (or procure the acceptance of)\nthe Offer was received from Clareco Limited in respect of 360,343 NMT Shares,\nrepresenting approximately 4.1 per cent. of the issued ordinary share capital of\nNMT. This undertaking will remain binding in the event of a higher offer.\n\nOn this basis, irrevocable undertakings to accept (or procure the acceptance of)\nthe Offer have been received in respect of an aggregate of 1,760,343 NMT Shares,\nrepresenting approximately 20.2 per cent. of NMT's issued share capital.\nVolvere already holds 2,604,683 NMT Shares, representing approximately 29.9\nper cent. of NMT's issued ordinary share capital.\n\nVolvere's existing shareholding, combined with the NMT Shares subject to\nirrevocable undertakings, represents in aggregate approximately 50.1 per cent.\nof NMT's current issued ordinary share capital.\n\n\nEnquiries:\nDawnay, Day Corporate Finance Limited (Financial Adviser to Volvere)\nSandy Jamieson +44 (0) 20 7509 4570\nAlex Stanbury +44 (0) 20 7509 4570\n\n\nDawnay, Day Corporate Finance Limited ('Dawnay Day') is acting exclusively for\nVolvere and for no one else in relation to the Offer and will not be responsible\nto anyone other than Volvere for providing the protections afforded to clients\nof Dawnay Day or for giving advice in relation to the Offer or any other matter\nreferred to in this announcement.\n\nThe distribution of this announcement in jurisdictions other than the UK may be\nrestricted by law and therefore any persons who are subject to the laws of any\njurisdiction other than the UK should inform themselves about, and observe, any\napplicable requirements. This announcement has been prepared for the purpose of\ncomplying with English law and the City Code and the information disclosed may\nnot be the same as that which would have been disclosed if this announcement h...