REG - Eckoh PLC Netcall PLC - Stmnt re Possible Recommended Offer for Netcall <Origin Href="QuoteRef">ECK.L</Origin> <Origin Href="QuoteRef">NETC.L</Origin>

NetcallAnnouncement

16/07/2015 13:58

RNS Number : 0759S
Eckoh PLC
03 July 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "TAKEOVER CODE" OR THE "CODE").
03 July 2015
Eckoh plc
("Eckoh" or the "Company")
Statement Regarding Possible Recommended Offer for Netcall plc ("Netcall")
On 25 June 2015, the boards of Eckoh and Netcall announced that they were in advanced discussions regarding a possible acquisition by Eckoh of the entire issued and to be issued ordinary share capital of Netcall on a recommended basis (the "Acquisition"). Eckoh now announces that it does not intend to proceed with the Acquisition.
This decision follows consultation with Netcall's shareholders and the reluctance of a major shareholder in Netcall to support the Acquisition. The Boards of both companies are disappointed with the outcome.
This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement Eckoh will, together with any party acting in concert with Eckoh, be bound by the restrictions contained in Rule 2.8 of the Code.
Eckoh
Nik Philpot, Chief Executive Officer
Adam Moloney, Group Finance Director
www.eckoh.com
Tel: +44 (0)1442 458 300
N+1 Singer (nominated adviser, corporate broker and financial adviser to Eckoh)
Shaun Dobson
Nic Hellyer
Alex Wright
Tel: +44 (0)20 7496 3000
Buchanan
Sophie McNulty
Gabriella Clinkard
Stephanie Watson
Tel: +44 (0)20 7466 5000
Netcall
Henrik Bang, Chief Executive Officer
James Ormondroyd, Group Finance Director
Tel: +44 (0)330 333 6100
finnCap (nominated adviser, corporate broker and financial adviser to Netcall)
Stuart Andrews
Tel: +44 (0)20 7220 0500
N+1 Singer, which is authorised and regulated by the FCA, is acting exclusively for Eckoh and no one else in connection with the proposed transaction referred to in this announcement and will not be responsible to anyone other than Eckoh for providing the protections afforded to clients of N+1 Singer, or for giving advice in connection with the proposed transaction or any matter referred to herein.
finnCap, which is authorised and regulated by the FCA, is acting exclusively for Netcall and no one else in connection with the proposed transaction referred to in this announcement and will not be responsible to anyone other than Netcall for providing the protections afforded to clients of finnCap, or for giving advice in connection with the proposed transaction or any matter referred to herein.

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