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Thirdforce PLC (THF)

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Monday 30 March, 2009

Thirdforce PLC

Statement re Possible Offer

RNS Number : 6685P
Thirdforce PLC
30 March 2009

Thirdforce PLC 

30 March 2009

Thirdforce PLC

30 March 2009

Possible offer for Thirdforce PLC (the 'Company')

The Board of the Company notes the press speculation over the weekend in relation to a possible offer for the Company. The Board hereby confirms that it has received an approach for the entire issued share capital of the Company at 8c per share in cash from certain members of Thirdforce PLC management team and board, which may or may not lead to an offer being made for the Company ('the Approach').

The Board has appointed a committee of Independent Directors (the 'Committee of Independent Directors'), which is formed of the Company's independent directors Eimer McGovern, Alan Maguire, Mike Newton, Carol Clark and Edwin Robinson. The Committee of Independent Directors has subsequently appointed Goodbody Corporate Finance to advise on any potential offer for the Company.

There can be no certainty that an offer will ultimately be forthcoming. A further announcement in relation to the possible offer will be made if and when appropriate.


Goodbody Corporate Finance

Finbarr Griffin

Stephen Kane

Phone: +353 1 614 0600

The Directors of the Company accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the 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.

Goodbody Corporate Finance, 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 a holder of one per cent. or more of any class of shares in Thirdforce PLC may be required to make disclosures pursuant to Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 and 2008.

This information is provided by RNS
The company news service from the London Stock Exchange

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