Immersion Technologies Intl PLC
20 April 2007
20 April 2007
Immersion Technologies International plc
('ITI' or the 'Company')
Offer to acquire Immersion Technology International plc ('Immersion')
Offer Closed
Further to the RNS announcement of 12 April 2007, the Board of ITI is pleased to
announce that as at 1pm today, the second closing date for the offer to acquire
the entire issued share capital of Immersion, the Company has now received valid
acceptances in respect of 175,703,671 shares in Immersion, representing 99.9%
per cent. of the entire issued share capital of Immersion.
The Company will now proceed under the provisions of the Companies Act 1985 to
issue Form 429(4) to the one remaining Immersion shareholder who has been unable
to accept the offer, to acquire compulsorily his Immersion ordinary shares.
Application will be made for the admission of 11,250,000 new ordinary shares to
trade on the AIM market, representing those shareholders who have accepted the
Offer since 12 April 2007. The new ordinary shares will rank pari passu with
the existing ordinary shares of 0.7p each in the Company and dealings in these
new ordinary shares are expected to commence on 26 April 2007.
The total number of ordinary shares on issue following this issue will be
224,669,614.
- ends -
Enquiries:
Immersion Technology International plc
Craig Evans/Blair Snowball +44 (0) 20 7016 5107
Nabarro Wells
Hugh Oram/Anthony Rowland +44 (0) 20 7710 7400
Pelham Public Relations
Archie Berens/Hugh Barker +44 (0) 20 7743 6670
This information is provided by RNS
The company news service from the London Stock Exchange
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