Offer Update
16 Avril 2009 - 10:00AM
UK Regulatory
TIDMEID
RNS Number : 6458Q
Square Enix Holdings Co Limited
16 April 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
16 April 2009
OFFER UPDATE
Recommended Cash Offer
for
Eidos plc ("Eidos")
by
SQEX Ltd ("SQEX")
a wholly owned subsidiary of
Square Enix Holdings Co.
Ltd
The Board of SQEX is pleased to announce that the statutory waiting period with
respect to the filings made by the parties in connection with the Acquisition
pursuant to United States Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended, has expired.
In order to become effective in accordance with its terms, the Court must now
sanction the Scheme and confirm the Capital Reduction at the Court Hearing. This
hearing will take place on 21 April 2009. Following the sanction of the Scheme
and the confirmation of the Capital Reduction by the Court, it is expected that
the last day of dealings in Eidos Shares will be 21 April 2009 and the listing
of Eidos Shares will be cancelled at 8.00 a.m. on 22 April 2009, the anticipated
Effective Date of the Scheme. An expected timetable of principal events in set
out in the Appendix to this announcement.
Terms defined in the Scheme Document shall have the same meaning(s) when used in
this announcement.
+------------------------------------------------------------------+---------------------------------+
| Enquiries: | |
+------------------------------------------------------------------+---------------------------------+
| SQEX/Square Enix | |
+------------------------------------------------------------------+---------------------------------+
| Michihiro Sasaki | +81 3 5333 1144 |
| | |
+------------------------------------------------------------------+---------------------------------+
| UBS Investment Bank (Financial Adviser to SQEX/Square Enix) | |
+------------------------------------------------------------------+---------------------------------+
| Andrew Cowper | +44 20 7568 0000 |
| Thomas Onions | |
| | |
+------------------------------------------------------------------+---------------------------------+
UBS Investment Bank is acting exclusively for SQEX and Square Enix and no one
else in connection with the Acquisition and this announcement and will not be
responsible to anyone other than SQEX and Square Enix for providing the
protections afforded to clients of UBS Investment Bank, or for providing advice
in connection with the Acquisition or any matter referred to herein.
This announcement does not constitute an offer or invitation to any person to
subscribe for or purchase any securities in Eidos, whether in the United Kingdom
or in any other jurisdiction.
Forward-looking statements
This announcement contains statements about SQEX, Square Enix and Eidos that are
or may be forward looking statements. All statements other than statements of
historical facts included in this announcement may be forward looking
statements. Without limitation, any statements preceded or followed by or that
include the words "targets", "plans" "believes", "expects", "aims", "intends",
"will", "may", "anticipates", "estimates", "projects" or, words or terms of
similar substance or the negative thereof, are forward looking statements.
Forward looking statements include statements relating to the following: (i)
future capital expenditures, expenses, revenues, earnings, synergies, economic
performance, indebtedness, financial condition, dividend policy, losses and
future prospects; (ii) business and management strategies and the expansion and
growth of SQEX's, Square Enix's or Eidos' operations and potential synergies
resulting from the Acquisition; and (iii) the effects of government regulation
on SQEX's, Square Enix's or Eidos' business.
Such forward looking statements involve risks and uncertainties that could
significantly affect expected results and are based on certain key assumptions.
Many factors could cause actual results to differ materially from those
projected or implied in any forward looking statements. Due to such
uncertainties and risks, readers are cautioned not to place undue reliance on
such forward looking statements, which speak only as of the date hereof. SQEX,
Square Enix and Eidos disclaim any obligation to update any forward looking or
other statements contained herein, except as required by applicable law.
Appendix
Expected Timetable of Principal Events
Event Time and/or date (2009)
+----------------------------------------------------------------------+----------------------------+
| Suspension of listing and dealings in, and last date for | 21 April |
| registration of transfers of Eidos Shares | |
+----------------------------------------------------------------------+----------------------------+
| Scheme Record Time | 6.00 p.m. on 21 April |
+----------------------------------------------------------------------+----------------------------+
| Court hearing to sanction the Scheme | |
| and to confirm the Capital Reduction | 21 April |
+----------------------------------------------------------------------+----------------------------+
| Effective Date of the Scheme | 22 April |
+----------------------------------------------------------------------+----------------------------+
| Cancellation of listing of Eidos Shares | 8.00 a.m. on 22 April |
+----------------------------------------------------------------------+----------------------------+
| Latest date for despatch of cheques and settlement through CREST | |
| (if Scheme becomes effective on 22 April 2009) | 6 May |
+----------------------------------------------------------------------+----------------------------+
These times and dates are indicative only and will depend, among other things,
on satisfaction or waiver of the other Conditions, dates on which the Court
sanctions the Scheme and confirms the Capital Reduction and the date on which
the Court Order sanctioning the Scheme and confirming the Capital Reduction is
delivered to the Registrar of Companies and such Court Order is registered by
the Registrar of Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPCKPKNFBKDDQD
Eidos (LSE:EID)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
Eidos (LSE:EID)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025
Real-Time news about Eidos (London Stock Exchange): 0 recent articles
Plus d'articles sur Square Enix Holdings