RNS Number:7358Q
Purple Spot Limited
25 March 2008



Purple Spot Limited                                            Immediate Release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED
                 STATES OF AMERICA, CANADA, AUSTRALIA , JAPAN,
                    THE REPUBLIC OF IRELAND OR SOUTH AFRICA

RECOMMENDED OFFER FOR VISTA GROUP PLC BY ACORN CORPORATE FINANCE LIMITED ON
BEHALF OF PURPLE SPOT LIMITED

             OFFER UPDATE - OFFER EXTENDED AND LEVEL OF ACCEPTANCES

25 March 2008

On 4 March 2008, the Directors of Purple Spot Limited ("Purple Spot") and the
Directors of Vista Group Plc ("Vista ") announced the terms of a Recommended
Offer for Vista . The Offer was made by Acorn Corporate Finance Limited
("Acorn") on behalf of Purple Spot. The Offer Document was posted to Vista
Shareholders on 4 March 2008.

At the time the Offer Document was posted, Purple Spot had obtained irrevocable
undertakings to accept, or to procure the acceptance of, the Offer from certain
Vista Shareholders (including the Directors) in respect of 9,638,474 Vista
Shares being approximately 62.66 per cent. of Vista's issued share capital
("Committed Shares"). In respect of the Committed Shares, as at 3.00 p.m.
(London time) on 25 March 2008, valid acceptances had been received in respect
of 9,638,474 Vista shares for the Offer being approximately 62.66 per cent. of
the issued share capital of Vista .

In addition, as at 3:00 p.m. (London time) on 25 March 2008, valid acceptances
had been received for the Offer in respect of 4,203,866 Vista Shares being
approximately 27.33 per cent. of the issued share capital of Vista .

In total, as at 3:00 p.m. (London time) on 25 March 2008, valid acceptances of
the Offer have been received in respect of 13,842,340 Vista Shares, representing
approximately 89.99 per cent. of the issued share capital of Vista.

Save as publicly disclosed, neither Purple Spot nor any person acting, or deemed
to be acting, in concert with Purple Spot has acquired or agreed to acquire any
Vista Shares or rights over Vista Shares during the Offer period.

Purple Spot announces that the Offer will be extended until 3.00 p.m. London
Time on 8 April 2008 and encourages all Vista shareholders, who have not already
done so, to follow the actions of their Directors in recommending and accepting
the offer.

Vista Shareholders who wish to accept the Offer and who have not done so should
complete their Form of Acceptance in accordance with the instructions printed
thereon and return it as soon as possible by post to Neville Registrars, 18
Laurel Lane, Halesowen, West Midlands B63 3DA. Additional Forms of Acceptance
are available from Neville Registrars by telephoning 0121 585 1131 (or if
calling from outside the UK +44 121 585 1131).


Definitions used in the Offer Document dated 4 March 2008 apply also to this
announcement unless the context otherwise requires.



ENQUIRIES:

Acorn Corporate Finance Limited                       0870 122 5420
Harry Dutson



The Offer will not be made in or into, and will not be capable of acceptance in
or from the United States of America, Canada, Australia, Japan, The Republic of
Ireland or South Africa. Accordingly, copies of this document, the Offer
Document, the Form of Acceptance and any other related document are not being,
and must not be, directly or indirectly mailed or otherwise forwarded,
distributed or sent in or into the United States, Canada, Australia, Japan, The
Republic of Ireland or South Africa. Doing so may render invalid any purported
acceptance of the Offer. The availability of the Offer to persons who are not
resident in the United Kingdom may be affected by laws of the relevant
jurisdiction. Persons who are not resident in the United Kingdom should inform
themselves about and observe any applicable requirements. Custodians, nominees
and trustees should observe these restrictions and should not send or distribute
the document or any accompanying documents in or into the United States, Canada,
Australia, Japan, The Republic of Ireland or South Africa.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities in the United States, Canada, Australia, Japan, The
Republic of Ireland or South Africa or in any other jurisdiction in which such
an offer or solicitation would be unlawful.

The directors of Purple Spot accept responsibility for the information contained
in this document. To the best of the knowledge and belief of the directors of
Purple Spot (who have taken all reasonable care to ensure that such is the
case), the information contained in this document for which they are responsible
is in accordance with the facts and does not omit anything likely to affect the
import of that information.

Acorn is acting exclusively for Purple Spot and no one else in connection with
the Offer and will not be responsible to anyone other than Purple Spot for
providing the protections afforded to clients of Acorn or for providing advice
in relation to the Offer and other matters described in this document.

END




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

END
OUPUVRNRWOROUAR

Vista (LSE:VST)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Vista Charts.
Vista (LSE:VST)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Vista Charts.