SRG Security Res.

 
TIDMSRG 
 
SECURITY RESEARCH GROUP PLC 
 
                           ("SRG" or the "Company") 
 
                  Result of General Meeting and Tender Offer 
 
Further to the announcement of the Tender Offer on 12 December 2012, the 
Company is pleased to announce that the special resolution to approve the 
Tender Offer was passed at the General Meeting of SRG held today at 10.00 a.m. 
at the Company's offices at 133 Ebury Street, London, SW1W 9QU. 
 
SRG is pleased to announce that pursuant to the Tender Offer which closed at 
5.00 p.m. on 9 January 2013, valid tenders have been received for 22,352,466 
Ordinary Shares representing approximately 4.6 times the Ordinary Shares 
subject to the Tender Offer. 
 
 
In accordance with the terms of the Tender Offer, Shareholders who tendered to 
sell less than or equal to 20 per cent. of their shareholdings ("Pro Rata 
Entitlement") will have their tender satisfied in full. Shareholders who 
tendered more than their Pro Rata Entitlement, will have their Pro Rata 
Entitlement satisfied in full and any Ordinary Shares tendered above their Pro 
Rata Entitlement will be scaled down (to the nearest whole number of Ordinary 
Shares) by a factor of approximately 0.0074313. Northland will purchase the 
maximum number of Ordinary Shares available under the terms of the Tender 
Offer, being in aggregate 4,856,582 Ordinary Shares (the "Tendered Shares") at 
225 pence per Tendered Share, for a total consideration of GBP10,927,310. 
 
The posting of cheques in respect of certificated Ordinary Shares purchased 
pursuant to the Tender Offer and the crediting of CREST accounts for 
uncertificated Ordinary Shares purchased pursuant to the Tender Offer are 
expected to occur by 17 January 2013. 
 
The crediting of CREST accounts with uncertificated Ordinary Shares 
unsuccessfully tendered and the dispatch of balance share certificates for 
unsold certificated Ordinary Shares and the return of share certificates for 
unsuccessful tenders of certificated Ordinary Shares are also expected to occur 
by 17 January 2013. 
 
Ordinary Shares purchased under the Tender Offer will be cancelled by the 
Company on completion of the Tender Offer and the Repurchase. The Company will 
announce when the Tender Offer and Repurchase has been completed and the 
Ordinary Shares have been cancelled. 
 
Terms used in this announcement shall have the meaning ascribed to them in the 
circular sent to Shareholders on 12 December 2012 unless otherwise stated. 
 
For further information please visit www.srgroupplc.com or contact: 
 
Security Research Group plc                                     020 7881 0800 
Jonathan Mervis, Chairman 
John Warwick, Finance Director 
 
Northland Capital Partners Ltd - Nominated Adviser & Broker     020 7796 8800 
Tim Metcalfe / Matthew Johnson 
 
 
 
END 
 

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