22nd Feb 2008 07:00
Pace Micro Technology PLC22 February 2008 Pace Micro Technology plc Saltaire, UK, 22 February 2008: Pace Micro Technology plc, a leading digitaltechnology company, announced on 19 December 2007 that it had entered into aconditional agreement to acquire the set-top box and connectivity solutionsbusiness of Royal Philips Electronics. Pace today announces that one of the conditions to this agreement - conclusionof the consultation procedure by Philips with its works council in France - hasbeen satisfied. -ends- For further information, please contact: Pace Micro Technology plc +44 (0) 1274 532000Neil Gaydon Chief Executive OfficerStuart Hall Chief Financial OfficerHelen Kettleborough Director of Corporate Communications NM Rothschild & Sons LtdScott Sheldon +44 (0) 207 280 5000David Forbes +44 (0) 113 200 1900 Hoare Govett LtdAlexander Garton +44 (0) 207 678 8000 Brunswick Group LLP + 44 (0) 207 404 5959Fiona LaffanTim WilliamsonRaphael Mazet About Pace Micro Technology Pace Micro Technology plc (pic.l) is a leading technology developer for theglobal payTV industry. Pace's main focus is on creating intelligent andinnovative products and services that benefit our customers and fuel thedevelopment of digital TV. Over the last 25 years, Pace has developed one of theworld's most experienced specialist engineering teams and is now the partner ofchoice for leading payTV operators across the globe. Pace's international headquarters are in Saltaire, West Yorkshire, UK, withfurther offices in the USA, France, India and Hong Kong. For more information onPace, please visit www.pacemicro.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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