27th Mar 2008 07:02
Pace Micro Technology PLC27 March 2008 Pace Micro Technology plc Update Saltaire, UK, 27 March 2008: Further to the announcement on 19 December 2007 ofthe proposal to acquire the set top box and connectivity solutions business ofRoyal Philips Electronics, the Board of Pace Micro Technology plc announces thatit expects to post documentation to shareholders to seek approval for theacquisition by the end of March and relist the existing share capital shortlythereafter. -ends- For further information, please contact: Pace Micro Technology plc +44 (0) 1274 532000Helen Kettleborough Director of Corporate Communications Brunswick Group LLP + 44 (0) 207 404 5959Fiona LaffanTim Williamson 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 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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