Symphony Technology Group LLC Update on Sale (Replacement) (0841N)
20 10월 2016 - 8:15PM
UK Regulatory
TIDMBDI
RNS Number : 0841N
Symphony Technology Group LLC
20 October 2016
The following replaces the 'Update on Sale' announcement
released on 20/10/2016 at 11:51 a.m. under RNS No 0775N.
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 20 October 2016
Symphony Technology Group LLC ("Symphony")
Update re: proposed sale of the Recruitment Software
Subsidiaries of Bond International Software plc ("Bond") to funds
managed by Symphony (the "Sale")
Symphony notes the announcement by Bond on 19 October 2016,
stating that the board of directors of Bond (the "Bond Board") is
no longer recommending that Bond Shareholders vote in favour of the
resolution to be proposed at the general meeting of Bond convened
for 11.30 am on 24 October 2016 to approve the Sale and is instead
recommending that Bond Shareholders accept the 121 pence per Bond
Share offer from Constellation Software UK Holdco Ltd (the
"Constellation Offer").
Symphony announces that it is considering its options and urges
Bond Shareholders to take no action in relation to the
Constellation Offer.
Symphony highlights that the current terms of the Sale have
allowed the Bond Board (based upon the assumptions and caveats
contained within the circular to Bond Shareholders dated 5 October
2016) to estimate a range for the total distribution to Bond
Shareholders from a members voluntary liquidation of Bond following
completion of the Sale of between 121 pence and 122.5 pence per
Bond Share.
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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