Information  X 
Enter a valid email address

PremiSys Tech. PLC (ASE)

  Print      Mail a friend       Annual reports

Monday 02 July, 2001

PremiSys Tech. PLC

Result of EGM

PremiSys Technologies PLC
2 July 2001


PREMISYS TECHNOLOGIES PLC
('PremiSys' or the 'Company')

Results of the Placing and Open Offer and EGM

The Board of PremiSys announces that the Open Offer to Qualifying Shareholders
of PremiSys of 49,441,848 New Ordinary Shares at 10 pence per share, announced
on 7 June 2001, closed at 3.00 p.m. on Friday 29 June 2001.

Valid applications have been received for a total of 29,233,825 New Ordinary
Shares under the Open Offer.  Taken together with the 7,500,000 New Ordinary
Shares which certain Qualifying Shareholders irrevocably undertook not to take
up in the Open Offer and which were placed firm, a total of 36,733,825 New
Ordinary Shares were applied for in the Open Offer or placed firm.  This
represents 74.3 per cent of the New Ordinary Shares which were the subject of
the Open Offer.

The remaining 12,708,023 New Ordinary Shares will be taken up by placees of
Insinger Townsley pursuant to the Placing Agreement.

At an Extraordinary General Meeting held today all resolutions, including
those relating to the Placing and Open Offer, were unanimously passed.

The Placing and Open Offer remains conditional on the admission of the New
Ordinary Shares to AIM.  Application has been made to the London Stock
Exchange for the New Ordinary Shares to be admitted to trading on AIM.  It is
expected that the New Ordinary Shares will be admitted to trading on AIM on 5
July 2001.

Enquiries:

For further information, please contact:

PremiSys       
Walter Goldsmith            020 7388 4890       
Charles Woods       

Deloitte & Touche Corporate Finance       
Robin Binks                 020 7936 3000       
Richard Collins       

Gavin Anderson & Company
Neil Garnett                020 7457 2345
Rebecca Penney

The Directors of PremiSys accept responsibility for the information contained
in this announcement.  To the best of the knowledge and belief of the
Directors (who have taken all reasonable care to ensure that such is the case)
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.