Statement re: iSOFT Group plc ("iSOFT")
Koblenz (euro adhoc) -
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
merger, acquisition and takeover
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
For immediate release
Date: 22 August 2007
Statement re: iSOFT Group plc ("iSOFT")CompuGROUP UK Limited ("CompuGROUP") notes the announcement by IBA
Health Limited of its revised offer for iSOFT. CompuGROUP is
currently considering its position and will make a further
announcement in due course. iSOFT shareholders are strongly urged to
take no action at this time.Enquiries: CompuGROUP Holding AG Frank Gotthardt, President and CEO phone: +49 261 8000 1230 Markus Georgi, Investor Relations phone: +49 261 8000 1238
Deutsche Bank AG (financial adviser to CompuGROUP) Charles Bryant James Davies phone: +44 20 7545 8000
Brunswick Group LLP (PR advisers to CompuGROUP) London Fiona Laffan Dominic McMullan phone: +44 20 7404 5959
Frankfurt Hartmut Vennen Christian Weyand phone: +49 692 400 5510
The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
Deutsche Bank is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and with respect to UK commodity derivatives business by the Financial Services Authority; and is regulated by the Financial Services Authority for the conduct of UK business. Deutsche Bank is acting for CompuGROUP and CompuGROUP Holding and no one else in connection with the Offer and this announcement and will not be responsible to anyone other than CompuGROUP and CompuGROUP Holding for providing the protections afforded to clients of Deutsche Bank nor for providing advice in connection with the Offer or the content of, or any matter or arrangement referred to in, this announcement.
Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of iSOFT, all "dealings" in any "relevant securities" of iSOFT (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London Business Day following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective, lapses or is otherwise withdrawn or on which the "Offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of iSOFT, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in "relevant securities" of iSOFT by CompuGROUP or iSOFT, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London Business Day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/.
"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Takeover Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel´s website at http://www.thetakeoverpanel.org.uk/ or contact the Panel on +44 (0) 20 7382 9026.
end of announcement euro adhoc 22.08.2007 07:52:03
Further inquiry note:
Markus Georgi
IR-Leiter
Tel.: +49 (0) 261 8000-1238
E-Mail: mkg@compugroup.com
Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade