2nd Sep 2008 15:38
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
2 September 2008
e2v technologies plc ("e2v" or the "Company")
Proposed acquisition of QP Semiconductor, Inc. ("QP")
Posting of circular
On 1 September 2008, the Company announced that it had entered into an agreement to purchase the entire issued share capital of QP Semiconductor, Inc. for an initial cash consideration of US$65 million plus any deferred consideration which may become payable (subject to a maximum of US$15 million) (the "Acquisition").
The Board of e2v are pleased to announce that the circular (the "Circular"), containing full details of the Acquisition and a Notice of General Meeting to seek the approval of Shareholders to the Acquisition, was posted yesterday to Shareholders and, for information, to e2v optionholders.
The Circular will be available for inspection during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) until the conclusion of the General Meeting at the offices of Macfarlanes, 20 Cursitor Street, London EC4A 1LT and at the registered office of e2v at 106 Waterhouse Lane, Chelmsford, CM1 2QU.
The Circular will also be available on e2v's website at www.e2v.com. Personalised forms of proxy for use in connection with the resolution seeking approval for the Acquisition have been posted with the Circular to Shareholders.
e2v has submitted two copies of the Circular to the UK Listing Authority, as required under Listing Rule 9.6.1 R. These will be available for inspection shortly at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.
The expected timetable of principal events relating to the Acquisition is as follows:
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10.00 a.m. on 16 September 2008 |
Latest time and date for receipt of Forms of Proxy |
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10.00 a.m. on 18 September 2008 |
General Meeting |
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30 September 2008 |
Completion of the Acquisition |
Terms defined in the Circular have the same meanings in this announcement.
For more information please contact:
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e2v technologies plc |
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Keith Attwood, Chief Executive Mike Hannant, Group Finance Director |
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Tel: 01245 493 493 |
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Website: www.e2v.com |
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N M Rothschild & Sons Limited |
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Roger Hemming / John Byrne |
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Tel: 0121 600 5252 |
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RBS Hoare Govett |
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Bob Pringle / Jonathan Retter |
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Tel: 020 7678 8000 |
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Financial Dynamics |
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Jon Simmons / Sophie Kernon |
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Tel: 020 7269 7291 |
This announcement has been issued by, and is the sole responsibility of, e2v technologies plc and its directors.
N M Rothschild & Sons Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company and for no one else in connection with the Acquisition and matters described in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.
Related Shares:
E2V.L