ITL Intec Tel.Syst.

 
TIDMITL 
 
FOR IMMEDIATE RELEASE 
 
Not for release, publication or distribution, in whole or in part, in, into or 
from any jurisdiction where to do so would constitute a violation of the 
relevant laws of that jurisdiction 
 
29 November 2010 
 
                           Intec Telecom Systems plc 
 
                      Court confirms Reduction of Capital 
 
   Recommended cash acquisition of Intec Telecom Systems plc ("Intec") by CSG 
                           Systems UK Limited ("CSG") 
 
The board of Intec announces that, in connection with the recommended 
acquisition of Intec by CSG, the Court has today approved the reduction of 
Intec's share capital (other than in respect of the one Excluded Share held by 
CSG).  The Scheme is expected to become effective on 30 November 2010. 
 
Intec confirms that, as previously announced, the listing of Intec Shares on the 
Official List and trading of Intec Shares on the main market of the London Stock 
Exchange was suspended from 8:00 a.m. on 26 November 2010.  It is expected that 
the listing of the Intec Shares on the Official List and trading of Intec Shares 
on the main market of the London Stock Exchange will be cancelled at 8:00 a.m. 
on 30 November 2010. 
 
Capitalised terms used but not defined in this announcement have the same 
meanings as given to them in the circular containing the Scheme that was sent to 
Intec Shareholders on 12 October 2010. 
 
A copy of this announcement will be available on the Intec website at 
http://www.intecbilling.com/csgacquisition.aspx by no later than 12 noon on 30 
November 2010. 
 
Enquiries 
 
 Intec                                    +44(0)1483 745800 
 
 Andrew Taylor, Chief Executive Officer 
 
 Robin Taylor, Chief Financial Officer 
 
 
 
 RBS Hoare Govett                         +44(0)20 7678 8000 
 
 Simon Hardy 
 
 Alex Garton 
 
 Graham Hertrich 
 
 
 
 Financial Dynamics                       +44(0)20 7831 3113 
 
 Juliet Clarke 
 
 Haya Herbert Burns 
 
 
Dealing Disclosure requirements 
 
Under Rule 8.3(a) of the City Code, any person who is interested in one per 
cent. or more of any class of relevant securities of an offeree company or of 
any paper offeror (being any offeror other than an offeror in respect of which 
it has been announced that its offer is, or is likely to be, solely in cash) 
must make an "Opening Position Disclosure" following the commencement of the 
offer period and, if later, following the announcement in which any paper 
offeror is first identified. 
 
An "Opening Position Disclosure" must contain details of the person's interests 
and short positions in, and rights to subscribe for, any relevant securities of 
each of (i) the offeree company and (ii) any paper offeror(s).  An "Opening 
Position Disclosure" by a person to whom Rule 8.3(a) applies must be made by no 
later than 3.30 pm (London time) on the 10th business day following the 
commencement of the offer period and, if appropriate, by no later than 3.30 pm 
(London time) on the 10th business day following the announcement in which any 
paper offeror is first identified.  Relevant persons who deal in the relevant 
securities of the offeree company or of a paper offeror prior to the deadline 
for making an "Opening Position Disclosure" must instead make a "Dealing 
Disclosure". 
 
Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 
one per cent. or more of any class of relevant securities of the offeree company 
or of any paper offeror must make a "Dealing Disclosure" if the person deals in 
any relevant securities of the offeree company or of any paper offeror.  A 
"Dealing Disclosure" must contain details of the dealing concerned and of the 
person's interests and short positions in, and rights to subscribe for, any 
relevant securities of each of (i) the offeree company and (ii) any paper 
offeror, save to the extent that these details have previously been disclosed 
under Rule 8.  A "Dealing Disclosure" by a person to whom Rule 8.3(b) applies 
must be made by no later than 3.30 pm (London time) on the business day 
following the date of the relevant dealing. 
 
If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire or control an interest in relevant 
securities of an offeree company or a paper offeror, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
 
"Opening Position Disclosures" must also be made by the offeree company and by 
any offeror and "Dealing Disclosures" must also be made by the offeree company, 
by any offeror and by any persons acting in concert with any of them (see Rules 
8.1, 8.2 and 8.4). 
 
Details of the offeree and offeror companies in respect of whose relevant 
securities "Opening Position Disclosures" and "Dealing Disclosures" must be made 
can be found in the "Disclosure Table" on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk, including details of the number of relevant 
securities in issue, when the offer period commenced and when any offeror was 
first identified.  If you are in any doubt as to whether you are required to 
make an "Opening Position Disclosure" or a "Dealing Disclosure", you should 
contact the Panel's Market Surveillance Unit on +44(0)20 7638 0129. 
 
Terms in quotation marks are defined in the City Code, which can also be found 
on the Panel's website. 
 
 
 
[HUG#1466609] 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Intec Telecom Systems Plc via Thomson Reuters ONE 
 

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