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.
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
www.eckoh.com
Tel: +44 (0)1442 458 300
Netcall
Henrik Bang, Chief Executive Officer
Tel: +44 (0)330 333 6100
