22nd Aug 2011 07:00
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 THAT JURISDICTION
22 August 2011
ADVENT STATEMENT REGARDING MICRO FOCUS INTERNATIONAL PLC
On 20 May 2011 Micro Focus International plc ("Micro Focus" or the "Company") announced that it had received an approach from Advent International Corporation ("Advent") regarding a possible offer for the Company.
Due to current market volatility, Advent does not intend to make an offer for Micro Focus.
The approach was at all times friendly and constructive. Advent remains great admirers of Micro Focus, its management and employees.
For the purposes of Rule 2.8 of the Takeover Code, Advent reserves the right to make or participate in an offer for Micro Focus (and/or take any other actions that would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:
(i) with the agreement or recommendation of the board of Micro Focus;
(ii) following the announcement of an offer by or on behalf of a third party for Micro Focus;
(iii) following the announcement by Micro Focus of a "whitewash" proposal (for the purposes of Note 1 on the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as set out in Note 2 on Rule 3.2 of the Code); or
(iv) if there is a material change of circumstances.
Contact:
Financial Dynamics
Louisa Feltes
+44 (0) 207 269 7108
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