Endace Limited Resignation / Status of Takeover Offer Acceptances (2067Z)
05 Mars 2013 - 8:02AM
UK Regulatory
TIDMEDA
RNS Number : 2067Z
Endace Limited
05 March 2013
Endace Limited ("Endace" or the "Company")
Resignation of Two Directors
Status of Takeover Offer Acceptances
Status of Cancellation of Admission of Endace Shares
Endace (AIM:EDA.L), a leading supplier of network visibility
infrastructure products, a controlling interest in which is
indirectly held by Emulex Corporation, announces that John Scott
and Mark Rowan, both non-executive directors of Endace, have
resigned from the board of the Company with immediate effect. As
announced on 26 February 2013, these resignations follow the
consideration under the Takeover Offer having been first sent to
accepting shareholders.
The 21 December 2012 Takeover Offer for the Company by Emulex
Corporation (through its wholly owned subsidiary El Dorado Research
Ventures Limited) was previously declared wholly unconditional and
the Offer Period was extended through 1 p.m. 12 March 2013. The
receiving agent has reported that as of 1 p.m. 1 March 2013, 195
acceptances have been received for a total of 13,629,988 shares,
which is 89.55 percent of the 15,220,068 shares of Endace
outstanding. Emulex has commenced payment for, and has beneficial
ownership of, these shares. The receiving agent reported that there
are 27 non-acceptors who hold a total of 1,590,080 shares, which is
10.45 percent of the 15,220,068 shares of Endace outstanding. An
application was made to cancel the admission of the Endace shares
on AIM, and such cancellation will take effect at 7.00 a.m. on 27
March 2013 following which time the Endace shares will cease to be
admitted to trading on AIM.
There is no further information to be disclosed under Schedule 2
(g) of the AIM Rules.
Emulex Investor Contact: Endace Press/Investor Contact:
Frank Yoshino Tim Nichols
Vice President, Finance Vice President, Corporate Marketing
+1 714 885-3697 +1 408 220-6149
frank.yoshino@emulex.com tim.nichols@endace.com
Emulex Press Contact:
Katherine Lane
Director, Corporate Communications
+1 714 885-3828
katherine.lane@emulex.com
Panmure Gordon Contact:
Hugh Morgan/Giles Stewart/Hannah Woodley
+44 20 78 86 25 00
This information is provided by RNS
The company news service from the London Stock Exchange
END
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