10th Oct 2005 16:15
Northgate PLC10 October 2005 Northgate plc ("Northgate" or the "Company") Response to speculation The board of Northgate (the "Board") notes the recent press speculationregarding the Company and confirms that it has received an indicative offer forthe Company of 1200p, in cash, per ordinary share. The indicative offer issubject to, inter alia, continuing due diligence, financing and a Boardrecommendation. The Board is considering the terms of the indicative offer and is consultingwith its principal shareholders. At present, there can be no certainty that anyformal offer will be forthcoming nor as to the terms on which any offer might bemade. This announcement is made without the potential offeror's consent. A furtherannouncement will be made when appropriate. Enquiries: Hoare Govett Limited Telephone: +44 (0)20 7678 8000Julian GoodwinAndrew FosterStephen BowlerJohn MacGowan Hogarth Partnership Limited Telephone: +44 (0)20 7357 9477Andrew JaquesBarnaby FryEdward Westropp Hoare Govett Limited are acting for Northgate and no-one else in connection withthe possible offer and will not be responsible to any other person for providingthe protections afforded to clients of Hoare Govett Limited or for providingadvice in relation to the possible offer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Northgate