Result of Tender Offer
16 Dezember 2009 - 8:00AM
UK Regulatory
TIDMBCT
RNS Number : 1836E
Business Control Solutions Grp PLC
16 December 2009
Business Control Solutions Group plc
(the "Company")
Result of Tender Offer
The Company is pleased to announce the result of the Tender Offer, which closed
at 1.00 pm on 15 December 2009.
Valid acceptances were received in respect of 3,528,536 Ordinary Shares,
representing approximately 1.3 per cent. of the Company's issued share capital.
This represents approximately 8.8 per cent. of the maximum number of Ordinary
Shares which the Company offered to purchase under the Tender Offer. As the
number of Ordinary Shares tendered did not exceed the maximum number
contemplated by the Tender Offer, all acceptances beyond an accepting
shareholder's basic entitlement will be satisfied in full.
The aggregate amount to be paid by the EBT in respect of the purchase of
Ordinary Shares tendered under the Tender Offer will be GBP43,930. Payment for
the Ordinary Shares purchased by the EBT pursuant to valid acceptances of the
Tender Offer will be despatched to the relevant Shareholders on or before 29
December 2009. On the same date, balance share certificates will also be
despatched, where relevant.
Terms used in this announcement have the same meaning as in the Company's
announcement dated 24 November 2009.
For further information, please contact:
+--------------------------------------+----------+------------------------+
| Business Control Solutions Group plc | | 0207 648 2050 |
+--------------------------------------+----------+------------------------+
| Nigel Walder, CEO | | |
+--------------------------------------+----------+------------------------+
| Roger Shepherd, Finance Director | | |
+--------------------------------------+----------+------------------------+
| | | |
+--------------------------------------+----------+------------------------+
| Financial Dynamics Limited | | 0207 831 3113 |
+--------------------------------------+----------+------------------------+
| James Melville-Ross | | |
+--------------------------------------+----------+------------------------+
| Haya Herbert-Burns | | |
+--------------------------------------+----------+------------------------+
| | | |
+--------------------------------------+----------+------------------------+
| Arbuthnot Securities Limited | | 020 7012 2000 |
+--------------------------------------+----------+------------------------+
| Tom Griffiths | | |
+--------------------------------------+----------+------------------------+
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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