Endace Limited Emulex Offer for Endace Shares Extended (7144Z)
11 Mars 2013 - 2:49PM
UK Regulatory
TIDMEDA
RNS Number : 7144Z
Endace Limited
11 March 2013
Endace Limited ("Endace" or the "Company")
Emulex Offer for Endace Shares Extended to 26 March 2013
Status of Takeover Offer Acceptances
Status of Cancellation of Admission of Endace Shares
Change of Endace Balance Date to 30 June 2013
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 Emulex has
provided a notice that the offer period for Emulex's cash Offer of
500 pence per Endace share has been extended by 14 days, to 1 p.m.
London time on 26 March 2013.
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. 8 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.
An application has been made pursuant to Section 7 of the New
Zealand Financial Reporting Act of 1993 (NZFRA) to change the 2013
balance date for Endace from 31 March 2013 to 30 June 2013, in
order to make the balance date the same as the Emulex fiscal year
which ends on the Sunday nearest to June 30. The 2012 Endace
balance date was 31 March 2012, and therefore the period between
the 2012 balance date and the changed 2013 balance date is 15
months, as is permitted by Section 7 of the NZFRA.
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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