ITL Intec Tel.Syst.

 
TIDMITL 
 
Intec Telecom Systems plc ("Intec" or the "Company") 
 
27 October 2010 
 
 
On 12 October 2010, Intec published the Scheme Circular in connection with the 
recommended cash offer by CSG Systems UK Limited for the entire issued and to be 
issued share capital of Intec. 
 
The Board of Intec notes recent media speculation that another party might be 
interested in making an offer for Intec. The Board of Intec wishes to clarify 
that it is not currently in any discussion with any other party which might lead 
to a competing offer for the Company. 
 
The General Meeting of Intec to approve the recommended acquisition of Intec for 
72 pence in cash per Intec share by CSG Systems UK Limited will be held at 
11.00am on 3 November 2010 and forms of proxy should be received by 11.00am on 
1 November 2010. 
 
 
 Contacts 
 
 
 
 Intec Telecom Systems PLC                www.intecbilling.com 
 
 
 
 Andrew Taylor, Chief Executive Officer   +44 (0)1483 745 800 
 
 Robin Taylor, Finance Director 
 
 
 
 
 
 RBS Hoare Govett                         + 44 (0) 20 7678 8000 
 
 
Simon Hardy 
Alex Garton 
Graham Hertrich 
 
 
Disclosure requirements of the Takeover Code (the "Code") 
 
Under Rule 8.3(a) of the Code, any person who is interested in 1% 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 Code, any person who is, or becomes, interested in 1% 
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. 
 
 
 
[HUG#1455897] 
 
 
 
 
 
 
 
 
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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