Offer Update - Replacement
13 1월 2006 - 2:54AM
UK Regulatory
RNS Number:8808W
Billing Services Group Limited
12 January 2006
For immediate release 12 January 2006
A typographical change has been made to the Offer Update announcement released
on 12 January 2006 at 17:24 with RNS number 8778W
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Billing Services Group Limited ("BSG" or the "Company")
Recommended Offer for United Clearing Plc ("United Clearing")
Offer Update
The Company made an announcement on 15 December 2005 of its firm intention to
make an offer for United Clearing and hence under Rule 30.1 of the City Code
(which requires the posting of an offer document within 28 days of the
announcement of a firm intention to make an offer) would normally be required to
post an offer document by 12 January 2006.
The Company announces today that it has been granted an extension by the Panel
on Takeovers and Mergers to the requirement under Rule 30.1 of the City Code to
post an offer document by 12 January 2006. With the consent of the board of
directors of United Clearing and Seymour Pierce, United Clearing's financial
adviser, the Panel Executive has agreed to the posting of the offer document by
no later than 20 January 2006.
Enquiries:
Billing Services Group Limited Tel: +1 847 832 0077
Patrick J. Haynes III, Chief Executive
Randall Brouckman, Chief Operating Officer
Buchanan Communications Tel: +44 (0)20 7466 5000
Bobby Morse / Jeremy Garcia / James Strong
Evolution Securities Limited Tel: +44 (0)20 7071 4300
Michael Brennan / Stuart Andrews / Fergus Marcroft
This announcement is issued by Evolution Securities Limited ("Evolution") which
is regulated in the U.K. by the Financial Services Authority. Evolution is
acting exclusively for BSG in connection with the Offer and no one else and will
not be responsible to anyone other than BSG for providing the protections
afforded to clients of Evolution nor for providing advice in relation to the
Offer.
BSG shares have not been registered under the United States Securities Act of
1933, as amended ("U.S. Securities Act") and may not be offered, sold, pledged
or otherwise transferred except (a)(1) in an Offshore Transaction complying with
Rule 904 of U.S. Regulation S or (2) pursuant to an exemption from registration
under the U.S. Securities Act and (b) in accordance with all applicable
securities laws of the states of the United States.
An "Offshore Transaction" is an offer of BSG shares not made to a person in the
United States and, at the time a buy order is originated, the buyer is outside
the United States or the seller reasonably believed the buyer was outside the
United States, so long as such offer or sale was not specifically targeted at
identifiable groups of United States citizens living abroad (such as members of
the United States armed forces living overseas); provided, however, an offer or
sale to a person identified in Rule 902(k)(2)(vi) of U.S. Regulation S shall be
deemed to be made in an Offshore Transaction.
"U.S. Regulation S" is Regulation S promulgated by the United States Securities
and Exchange Commission under the U.S. Securities Act, including the preliminary
notes thereto.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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