8 August 2003
Sage offer for Softline: decision by Softline independent process committee
Further to its offer announcement of 1 August 2003, The Sage Group plc ('Sage')
announces that the independent process committee of Softline Limited
('Softline') has accepted the Sage offer and recommended that Softline
shareholders seriously consider voting in favour of it.
The offer remains conditional upon finalising acquisition agreements, Softline
shareholders' approval, and regulatory clearances.
Simultaneous with this announcement, Softline has issued an announcement
outlining the details of the committee's decision. Further information on the
progress of the offer will be announced as appropriate.
Enquiries:
The Sage Group plc Financial Dynamics
0191 255 3000 020 7831 3113
Paul Walker, Chief Executive Giles Sanderson
Paul Harrison, Finance Director Harriet Keen
Phil Branston, Investor Relations Caroline Ledosquet
Notes to editors:
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 5,500 people
worldwide.
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