Statement re. possible offer
29 Abril 2009 - 9:42AM
UK Regulatory
TIDMTHF
RNS Number : 3808R
Thirdforce PLC
29 April 2009
ThirdForce PLC (the 'Company')
29 April 2009
The Independent Directors note the recent rise in the Company's share price.
Further to the announcement on 30 March 2009, the Company has engaged in
discussions with LearnVantage Limited ("LearnVantage") which may or may not lead
to an offer being made for the Company (the "Approach"). The Independent
Directors have concluded that the cash element of the proposed offer of 8c per
share would not be recommended. Whilst discussions with LearnVantage in relation
to its approach are ongoing, no agreement has been reached to increase this
price.
Accordingly, it may take some time to ascertain whether an offer for the Company
may be forthcoming. A further announcement in relation to the Approach will be
made if and when appropriate.
The Independent Directors of ThirdForce comprises of Mike Newton, Carol Clark
and Edwin Robinson. Neither Eimer McGovern nor Alan Maguire previously referred
to as being part of the 'Committee of Independent Directors' are deemed
Independent Directors and do not form part of the 'Committee of Independent
Directors'.
Enquiries:
Goodbody Corporate Finance
Finbarr Griffin
Stephen Kane
Phone: +353 1 667 0420
The Independent Directors of the Company accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the Independent Directors of the Company (who have taken all
reasonable care to ensure such is the case) the information contained in this
announcement is in accordance with the facts and does not omit anything likely
to affect the import of such information.
Goodbody Corporate Finance, which is regulated in Ireland by the Financial
Regulator, is acting for the Company and no-one else in relation to the Approach
and will not be responsible to anyone other than the Company for providing
advice in relation to the Approach.
Any person who is a holder of one per cent. or more of any class of shares in
ThirdForce PLC may be required to make disclosures pursuant to Rule 8.3 of the
Irish Takeover Panel Act, 1997, Takeover Rules 2007 and 2008.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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