Result of Tender Offer

RNS Number : 2358G

Messaging International Plc

04 June 2013

 



The following amendment has been made to the 'Result of Tender Offer' announcement released on 3 June 2013 at 12.34pm under RNS No 1407G.

The Basic Entitlement of all Shareholders who have validly tendered their shares will be accepted in full at a price of 1 pence per Share and excess tenders will be satisfied to the extent of approximately 75.63855 per cent. of the excess shares tendered.

All other details remain unchanged.

The full amended text is shown below.

Messaging International Plc

('Messaging International' or 'the Company')

Result of Tender Offer

Messaging International, the AIM traded provider of innovative messaging services, is pleased to announce that at the General Meeting of the Company held today, the resolution set out in the Notice of General Meeting dated 17 May 2013 was duly passed.

Following the close of the Tender Offer on 31 May 2013, acceptances had been received in respect of 48,397,475 ordinary shares in the Company. As a result, the Basic Entitlement of all Shareholders who have validly tendered their shares will be accepted in full at a price of 1 pence per Share and excess tenders will be satisfied to the extent of approximately 75.63855 per cent. of the excess shares tendered. Therefore, 39,999,999 shares will be repurchased at 1 pence per Share by the Company under the Tender Offer and subsequently cancelled.

Payment of the consideration due to Shareholders whose tenders under the Tender Offer have been accepted is expected to be dispatched (by cheque or by a CREST payment, as appropriate) on or around 10 June 2013.

Following the implementation of the Tender Offer and the cancellation, the Company will have 115,872,148 Shares in issue.

As a result of the Tender Offer and subsequent cancellation of ordinary shares tendered, Geoffrey Simmonds, non-executive director of the Company, now has a beneficial interest in 4,340,082[1] Shares representing approximately 3.75 per cent. of the issued share capital of the Company.

Defined terms in this announcement are as those set out in the Circular.

- Ends -

For further information visit www.telemessage.com or contact: Guy Levit	Messaging International Plc	Tel: + 972 3 9225252
Mark Percy	Cantor Fitzgerald Europe	Tel: [phone]
Catherine Leftley	Cantor Fitzgerald Europe	Tel: [phone]

---

[1] Held through Westside Investments Plc (180,289 Shares) and Reverse Take-Over Investments Plc (4,159,793 Shares)

 

END

 

 

RTEFIMLTMBJMMTJ