Symphony Technology Group LLC Further update on recommended improved Sale (3027N)
24 Outubro 2016 - 8:52AM
UK Regulatory
TIDMBDI
RNS Number : 3027N
Symphony Technology Group LLC
24 October 2016
Not for release, publication or distribution, in whole or in
part, in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws of such
jurisdiction.
For Immediate Release 24 October 2016
--------------------- ---------------
Symphony Technology Group LLC ("Symphony")
Re: Recommended improved terms of the sale of the Recruitment
Software Subsidiaries of Bond International Software plc ("Bond")
to funds managed by Symphony (the "Sale")
Irrevocable commitments to vote in favour of the Sale
Further to the announcement by Bond earlier today, 24 October
2016, regarding the recommended improved terms for the Sale,
Symphony confirms that the irrevocable commitments it received from
certain Bond Shareholders (the "Irrevocable Shareholders") to vote
in favour of the resolution to approve the Sale (the "Sale
Resolution") originally to be proposed at the general meeting of
Bond to be convened for 11.30 am on 24 October 2016 (the "General
Meeting") remain valid for any adjournment of the General Meeting
(an "Adjourned Meeting").
Therefore, the Irrevocable Shareholders have irrevocably
committed to Symphony to vote in favour of the Sale Resolution at
the Adjourned Meeting proposed by Bond to be held on or around
11.30 am on 31 October 2016 over, in aggregate, 5,287,000 ordinary
shares of one pence each in the capital of Bond ("Ordinary Shares")
representing approximately 12.48 per cent. of the Ordinary Shares
in issue.*
The Irrevocable Shareholders can withdraw from their obligations
under these irrevocable commitments only:-
-- if the Sale lapses or is terminated; or
-- if the Sale Resolution is not passed at the Adjourned Meeting; or
-- if a Rule 2.7 announcement is made of a firm intention to
make an offer for the entire issued and to be issued ordinary share
capital of the Company at an offer price of 135p per Ordinary Share
or more; or
-- if a further revised offer by Constellation Software UK
Holdco Ltd is announced in accordance with the Takeover Code at an
offer price of 135 pence per Ordinary Share or above.
Therefore, taking into account the irrevocable commitments
entered into by the directors of Bond to vote (or procure the vote)
in favour of the Sale Resolution in respect of an aggregate of
6,751,631 Ordinary Shares, representing approximately 15.94 per
cent. of the Ordinary Shares in issue*, irrevocable commitments to
vote in favour of the Sale Resolution have been received by Bond or
by Symphony over in aggregate 12,038,631 Ordinary Shares,
representing approximately 28.42 per cent of the Ordinary Shares in
issue.*
* based upon the disclosure by Bond on 18 October 2016 pursuant
to Rule 2.9 of the Takeover Code that there are 42,358,403 Bond
Shares in issue.
For further information please contact:
Sunit Mukherjee (Symphony) Tel: +1 650 935 9407
This information is provided by RNS
The company news service from the London Stock Exchange
END
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