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Completion of Acquisition

16th Aug 2005 17:51

Billing Services Group Limited16 August 2005 Billing Services Group Limited ("the Company") Completion of Acquisition Further to the announcement made on 29 July 2005 the Company is pleased toannounce that it has today completed the acquisition of EDS InteroperatorServices GmbH together with certain associated contracts. The condition relating to the payment of the deferred consideration is at thistime unsatisfied. An announcement will be made with respect to its completion indue course. Evolution Securities Limited, which is a member of the London Stock Exchange andis authorised in the United Kingdom by the Financial Services Authority, isacting for the Company and no one else in connection with the Placing and willnot be responsible to anyone other than the Company for providing theprotections afforded to its customers or for providing advice to any otherperson in relation to the Placing, the contents of this announcement or for anyother matters or arrangements referred to therein. This announcement does not constitute or form part of an offer, or anysolicitation of an offer to subscribe or buy, any securities to any person inany jurisdiction to whom or in which such offer or solicitation is unlawful. Thedistribution for this announcement in certain jurisdictions may be restricted bylaw and therefore persons into whose possession this announcement comes shouldinform themselves about and observe any such restrictions. Any failure to complywith these restrictions may constitute a violation of the securities laws of anysuch jurisdiction. The information contained herein is not for publication or distribution in orinto the United States of America. These materials are not an offer ofsecurities for sale in the United States of America. The securities referred toherein have not been and will not be registered under the U.S. Securities Act of1933, as amended (the "U.S. Securities Act"), and may not be offered, sold orpledged or otherwise transferred except (a) (i) in an offshore transactionwithin the meaning of Rule 904 of Regulation S promulgated by the United StatesSecurities and Exchange Commission under the U.S. Securities Act, or (ii)pursuant to an exemption from registration under the U.S. Securities Act and (b)in accordance with all applicable securities laws of the United States ofAmerica (including any state or other jurisdiction thereof). No public offeringof the securities referred to herein will be made in the United States ofAmerica. The information contained in this announcement is not for publication ordistribution to persons in Japan, the Republic of Ireland, Canada or Australia. Prices and values of, and incomes from shares may go down as well as up and aninvestor may not get back the amount invested, it should be noted that pastperformance is no guide to future performance. Persons needing advice shouldconsult an independent financial adviser. Certain statements made in this announcement are forward-looking statements.Such statements are based on current expectations and, by their nature, aresubject to a number of risks and uncertainties that could cause actual resultsand performance to differ materially from any expected future results orperformance expressed or implied by the forward-looking statement. Theinformation and opinions contained in this announcement are subject to changewithout notice and Billing Services Group Limited assumes no responsibility orobligation to update publicly or revise any of the forward-looking statementscontained herein. Not for release, publication or distribution, in whole or in part, in or intothe United States of America, Japan, the Republic of Ireland, Canada orAustralia. This information is provided by RNS The company news service from the London Stock Exchange

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