INTEREUROPE TECHNOLOGY SERVICES PLC
19 August 1999
RIDGMOUNT HOLDINGS LIMITED ('RIDGMOUNT')
OFFER FOR INTEREUROPE TECHNOLOGY SERVICES PLC ('INTEREUROPE'):
DECLARED WHOLLY UNCONDITIONAL
Pursuant to the Offer made by Ridgmount for Intereurope, Ridgmount announces
that by 3.00 pm on 18 August 1999, valid acceptances had been received in
respect of a total 2,511,243 Intereurope Shares, representing approximately 57.7
per cent of the existing issued share capital of Intereurope. Of these
acceptances, those in respect of a total of 1,465,897 Intereurope Shares were
received pursuant to irrevocable undertakings to accept the Offer from certain
Intereurope shareholders connected with, and including, members of the Immanuel
family.
On July 15 1999, prior to the commencement of the Offer Period, Ridgmount
conditionally agreed to acquire from David Immanuel and the Trustees of the
Language Studies Retirement Fund 1,187,178 Intereurope shares representing
approximately 27.2% of the issued share capital of Intereurope.
Other than as disclosed above, neither Ridgmount nor any persons deemed to be
acting in concert with Ridgmount owned any Intereurope Shares (or rights over
such shares) immediately prior to the commencement of the Offer Period, nor
have acquired or agreed to acquire any Intereurope Shares (or rights over such
shares) during the Offer Period.
Ridgmount is pleased to announce that the Offer has been declared unconditional
in all respects and that, accordingly, Ridgmount holds 3,698,421 Intereurope
shares, representing approximately 84.9 per cent of the existing issued share
capital of Intereurope. The Offer will remain open for acceptance until further
notice.
As stated in the Offer Document, since there will no longer be sufficient
Intereurope shares in public hands to comply with the Listing Rules of the
London Stock Exchange an application will be made for the listing of the
Intereurope shares on the Official List to be cancelled. The application will
request that the cancellation take effect 20 business days after the date of
this announcement.
Defined terms in this nnouncement have the same meanings as in the Offer
Document issued by Ridgmount on 22 July 1999 containing the Offer.
Enquiries:
David Immanuel: 0171-467-6502
This announcement has been issued by Ridgmount Holdings Limited. The directors
of Ridgmount Holdings Limited accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
directors of Ridgmount Holdings Limited (who have taken all reasonable care to
ensure that such is the case), the information contained herein for which they
are responsible is in accordance with the facts and does not omit anything
likely to affect the import of such information.
The contents of this announcement have been approved by McClure Naismith,
solicitors in Scotland of Pountney Hill House, 6 Laurence Pountney Hill,
London EC4R 0BL acting for Ridgmount and who are authorised by the Law Society
of Scotland in the conduct of investment business. With the exception of any
responsibility arising from that approval for the purposes of Section 57 of the
Financial Services Act 1986 only McClure Naismith have not undertaken and will
not owe any other duty to any person in relation to this document, save for
Ridgmount to whom they have acted as legal advisers (including in relation to
the requirements of the City Code) only.
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