Quadnetics Group PLC
04 November 2005
Quadnetics Group PLC
4 November 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN
RECOMMENDED OFFER FOR PROTEC PLC
Offer Extended
As at 1.00pm on 4 November 2005, valid acceptances had been received in respect
of 117,165,451 Protec Shares (representing approximately 72.99 per cent. of
Protec's issued share capital).
Prior to the posting of the Offer Document, Quadnetics had received irrevocable
undertakings from the Protec Directors and certain other Protec Shareholders to
accept the Offer in respect of, in aggregate, 99,758,979 Protec Shares
representing 62.15 per cent. of the existing issued Protec Shares. Of these
irrevocable undertakings the Board has received valid acceptances from, in
aggregate, 78,252,406 Protec Shares, representing 48.75 per cent. of the
existing issued Protec Shares.
Quadnetics announces that it is extending the Offer and that the next closing
date of the Offer will be 1.00pm on 18 November 2005.
Terms defined in the Offer Document dated 30 September 2005 shall, unless the
context requires otherwise, have the same meanings in this announcement.
Enquiries
Quadnetics 01527 850080
Russ Singleton, Chief Executive
Nigel Poultney, Finance Director
Brewin Dolphin Securities Ltd 0113 241 0130
(Financial Adviser and Corporate Broker to Quadnetics)
Neil Baldwin
Keith Williams
Protec 01923 211550
Bill Moir, Chief Executive
Teather & Greenwood 0207 246 9000
(Financial Adviser and Corporate Broker to Protec)
Jeff Keating
Rob Naylor
Media Enquiries
Abchurch Communications 0207 398 7700
Chris Munden
Kathryn Murphy
This information is provided by RNS
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