Real Time Control PLC
21 February 2000
NSB RETAIL SYSTEMS PLC ('NSB')
RECOMMENDED CASH OFFER FOR REAL TIME CONTROL PLC ('RTC')
OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS
NSB announces that all conditions of the recommended cash offer
(the 'Offer') for the entire issued share capital of RTC made on
its behalf by Close Brothers Corporate Finance Limited ('Close
Brothers') have been satisfied or waived and the Offer has been
declared unconditional in all respects.
By 3.00pm on 18 February 2000 valid acceptances of the Offer had
been received in respect of a total of 6,292,992 RTC Shares
representing approximately 89.6 per cent. of RTC's issued share
capital.
Prior to the commencement of the offer period on 25 October 1999,
neither NSB nor any person acting in concert with NSB held any
RTC Shares (or rights over such shares). Since that date and
other than as referred to below, neither NSB nor any person
acting in concert with NSB has acquired or agreed to acquire any
RTC Shares (or rights over such shares).
During the offer period, NSB received irrevocable undertakings
from each of the directors of RTC to accept the Offer in respect
of an aggregate of 3,930,175 RTC Shares, representing
approximately 56 per cent. of RTC's issued share capital. Valid
acceptances have been received in respect of all the RTC Shares
subject to these undertakings, and are included in the total
number of acceptances referred to above.
The Offer will remain open until further notice. The procedure
for acceptance of the Offer is set out in the offer document
dated 28 January 2000 (the 'Offer Document') and the accompanying
Form of Acceptance, copies of which are available from the
offices of Close Brothers. RTC Shareholders who have not yet
accepted the Offer should despatch their Forms of Acceptance (and
supporting documents) as soon as possible.
Terms defined in the Offer Document dated 28 January 2000 have
the same meaning in this press release unless the context
otherwise requires.
The directors of NSB accept responsibility for the information
contained in this announcement. To the best of the knowledge,
information and belief of the directors (who have taken all
reasonable care to ensure that such is the case), such
information is in accordance with the facts and does not omit
anything likely to affect the import of such information.
Close Brothers, which is regulated by The Securities and Futures
Authority Limited, is acting for NSB and no one else in
connection with the Offer and will not be responsible to anyone
other than NSB for providing protections afforded to their
customers nor for providing advice in relation to the Offer.
Enquiries:
NSB Retail Systems PLC 0118 930 1500
Nikki Beckett, Chief Executive
Alan Vickery, Chairman
Close Brothers Corporate Finance 020 7655 3100
Limited
Richard Grainger, Managing Director
Mark Napier, Director
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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