RNS Number : 1709D
Financial Objects PLC
10 September 2008
Not for release, publication or distribution, in whole or in part, in, into or from any
jurisdiction (including the United States,
Canada, Australia, and Japan) where to do so would constitute a violation of the relevant laws
or regulations of such jurisdiction.
For immediate release
10 September
2008
Recommended Acquisition
of
Financial Objects plc ("Financial Objects")
by
Temenos UK Limited ("Temenos UK"), a wholly-owned subsidiary
of Temenos AG ("Temenos")
Scheme Effective
Temenos and Financial Objects are pleased to announce that the Scheme relating to the
recommended acquisition of Financial Objects by
Temenos UK became effective today.
As previously announced, the Financial Objects Shares were suspended from trading on AIM
with effect from 7:00 a.m. on 9 September 2008.The Financial Objects Shares will cease to be admitted to trading on AIM with effect from 7:00
a.m. (London time) on 11 September 2008.
Holders of Scheme Shares are entitled to receive 60 pence in cash for each Scheme Share
held at the Scheme Record Time.
The consideration to which any holder of Scheme Shares is entitled under the Scheme will
be settled through CREST on 24 September 2008
in respect of shares held in uncertificated form, and in respect of shares held in
certificated form will be despatched by post to the
registered addresses of the shareholders by 24 September 2008, in accordance with the
provisions of the Scheme Document dated 19 July 2008.
Capitalised terms in this announcement have the same meaning as set out in the Scheme
Document.
Enquiries:
Temenos Tel: +44 (0)20 7290 3000
Max Chuard
Ben Robinson
Lazard Tel: +44 (0)20 7187 2000
(financial adviser to Temenos and Temenos UK)
Nicholas Jones
Cyrus Kapadia
Hudson Sandler Tel: +44 (0)20 7796 4133
(PR adviser to Temenos)
James White
Andrew Hayes
Financial Objects Tel: +44 (0)20 7836 3010
Karim Peermohamed
Peter Youngs
Evolution Securities Tel: +44 (0)20 7071 4300
(financial adviser to Financial Objects)
Stuart Andrews
Neil Elliot
Financial Dynamics Tel: +44 (0)20 7831 3113
(PR adviser to Financial Objects)
James Melville Ross
Lazard, which is regulated in the United Kingdom by the Financial Services Authority, is
acting for Temenos and Temenos UK and no-one
else in connection with the Acquisition and will not be responsible to anyone other than
Temenos and Temenos UK for providing the
protections afforded to clients of Lazard nor for providing advice in relation to the
Acquisition.
Evolution Securities, which is regulated in the United Kingdom by the Financial Services
Authority, is acting for Financial Objects and
no-one else in connection with the Acquisition and will not be responsible to anyone other
than Financial Objects for providing the
protections afforded to clients of Evolution Securities nor for providing advice in relation
to the Acquisition.
The Temenos AG Directors accept responsibility for the information contained in this
announcement relating to Temenos. To the best of
the knowledge and belief of the Temenos AG Directors (who have taken all reasonable care to
ensure that 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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