12 April 2006
Sage offer to acquire Visma: update
Further to its announcement of 4 April, The Sage Group plc ("Sage") notes that
Visma ASA ("Visma") has withdrawn its 22 March recommendation of Sage's
acquisition offer to Visma shareholders, by announcing to the Oslo Stock
Exchange that its Board "can no longer endorse the view that the bid is fair on
the current level".
Sage is unaware of any material new financial or other information relating to
Visma that should cause Visma's Board to withdraw its recommendation.
Notwithstanding Visma's announcement, Sage's offer to Visma shareholders
remains open, as described in its formal offer of 4 April. Sage will not be
changing its offer price, or any other material terms of its offer.
The offer period ends on 20 April, following which Sage will make a further
announcement in relation to the offer.
Enquiries
The Sage Group plc +44 (0) 191 294 3068
Paul Walker, Chief Executive
Paul Harrison, Finance Director
Phil Branston, Investor Relations
Tulchan +44 (0) 20 7353 4200
Kirstie Hamilton
Julie Foster
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