Calyx Group PLC
03 May 2007
Calyx Group plc ('Calyx' or the 'Company')
Offer Update
Calyx Group plc ('Calyx') announces that it has granted a period of exclusivity
to Maurice Healy Chairman and CEO, certain members of the Company's senior
management team and a Private Equity firm (the 'Potential Offeror'), with a view
to the Potential Offeror making an offer to acquire the entire issued and to be
issued share capital of Calyx.
There can be no assurance that an offer will ultimately be made or as to the
terms and conditions on which any offer might be made.
A further announcement will be made in due course.
Enquiries:
Calyx Group plc +353 1 676 3363
Gary Kennedy
Davy +353 1 679 6363
Ronan Godfrey
John Frain
The Independent Directors of the Company accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the Independent Directors of the Company (who have taken all
reasonable care to ensure such is the case) the information contained in this
announcement is in accordance with the facts and does not omit anything likely
to affect the import of such information.
Davy Corporate Finance Limited, which is regulated in Ireland by the Financial
Regulator, is acting for the Company and no-one else in relation to the Approach
and will not be responsible to anyone other than the Company for providing
advice in relation to the Approach.
Any person who is the holder of 1 per cent or more of any class of shares in the
Company may be required to make disclosures pursuant to Rule 8.3 of the Irish
Takeover Panel Act 1997, Takeover Rules 2001 to 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
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Obtains access to the information in a personal capacity;
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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.
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