3 July 2006
Sage to complete acquisition of leading Malaysian software vendor UBS
Further to its 23 May announcement that it had acquired a majority (50.2%)
shareholding in UBS Corporation Berhad ("UBS") and made an offer for the
remaining shares, both at 0.98 Ringitt per share, The Sage Group plc ("Sage")
has now received acceptances for 98.5% of UBS shares. The offer has therefore
now become unconditional and the 1.5% of shares not tendered will be
compulsorily acquired for 0.98 Ringitt per share.
The shares under offer will be purchased for a consideration of approximately £
7m which, in addition to the approximately £7m consideration for the initial
majority shareholding, results in a total purchase consideration for the
acquisition of approximately £14m.
UBS, with over 100,000 customers, is the leading vendor of business management
software for small and medium-sized businesses in Malaysia.
*Financial information calculated on the basis of £1 = 6.84 Ringgit.
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
Julie Foster
Kirstie Hamilton
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.