Radstone Technology PLC
04 September 2006
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA OR JAPAN.
For Immediate Release 04 September 2006
RADSTONE TECHNOLOGY PLC
("Radstone" or the "Company")
Radstone confirms rejection of Eurotech S.p.A.'s ("Eurotech") offer
The Board of Radstone (the "Board") notes the announcement earlier today by
Eurotech that it has posted its offer document to Radstone shareholders and
strongly reiterates its unanimous advice to Radstone shareholders to reject this
offer.
The offer of 360 pence per ordinary share undervalues the Company and
shareholders are strongly advised to take no action in respect of their
shareholdings.
The Board is fully committed to explore all options in order to maximise
shareholder value and a further announcement will be made in due course.
Enquiries
Radstone plc Tel: 01327 359 444
Jeff Perrin, Chief Executive
Peter Cavill, Director
Close Brothers Corporate Finance Limited Tel: 020 7655 3100
Andrew Cunningham
David Wardrop
JPMorgan Cazenove Tel: 020 7588 2828
Julian Cazalet
Shona Graham
David Harvey-Evers
Buchanan Communications Tel: 020 7466 5000
Tim Thompson
Nicola Cronk 07973 313 365
Susanna Gale
Close Brothers Corporate Finance Limited, which is regulated by The Financial
Services Authority Limited in the United Kingdom, is acting for Radstone and no
one else in connection with this matter and will not be responsible to anyone
other than Radstone for providing the protections afforded to customers of Close
Brothers Corporate Finance Limited nor for providing advice in relation to this
matter.
JPMorgan Cazenove, which is regulated by The Financial Services Authority
Limited in the United Kingdom, is acting for Radstone and no one else in
connection with this matter and will not be responsible to anyone other than
Radstone for providing the protections afforded to customers of JPMorgan
Cazenove nor for providing advice in relation to this matter.
This information is provided by RNS
The company news service from the London Stock Exchange