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Total Systems PLC (TTS)

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Monday 07 June, 2010

Total Systems PLC

Result of EGM

RNS Number : 1769N
Total Systems PLC
07 June 2010
 



 

Total Systems plc (the "Company")

7 June 2010

Result of Extraordinary General Meeting

 

The Company announces that at the Extraordinary General Meeting of the Company held earlier today all resolutions set out in the notice of meeting issued in the circular to shareholders on 13 May 2010 were duly passed.

 

Following the passing of the resolutions, the offer by Brewin Dolphin to acquire up to 2,331,514 Ordinary Shares, as announced by the Company on 13 May 2010, will remain open until 1.00 p.m. on 25 June 2010.

 

Cancellation of admission of the Company's ordinary shares to the Official List and to trading on the Main Market of the London Stock Exchange is expected to occur with effect from 8.00 a.m. on 6 July 2010.

 

A further announcement will be made following closing of the Offer.

 

 

For further information, please contact:

 

Terence Bourne - Chairman                           

Granville Harris - Finance Director

Total Systems plc                                              020 7294 4888

 

Mark Brady / Matthew Cheetham

Brewin Dolphin                                                    0845 213 4729

 

Dealing Disclosure Requirements

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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