7th Feb 2006 17:21
Emblaze Ltd07 February 2006 Tender Offer Update Tuesday, 7 February 2006 - Emblaze Ltd. (LSE: BLZ) ("Emblaze") today announcedthat the tender offer commenced by Emblaze on 17 January 2006 for the purchaseof five per cent. of the issued and outstanding shares of Ki-Bi MobileTechnologies Ltd. (AIM: KIB) ("Ki-Bi") expired today at 3:00 pm London time.Upon such expiration, an aggregate of 6,167,924 of the issued and outstandingKi-Bi ordinary shares (approximately 30.2 per cent. of the issued andoutstanding Ki-Bi shares) were validly tendered, with no shareholders indicatingthat they do not accept the tender offer. In accordance with Israeli law, the tender offer has been accepted and thereforethe Ki-Bi shareholders that have not validly tendered their Ki-Bi shares maytender their Ki-Bi shares until 3:00 pm London time on 11 February 2006, on andsubject to the terms and conditions set forth in the tender offer documents. Upon consummation of the tender offer, Emblaze will increase its holdings inKi-Bi from approximately 24.95 per cent. to approximately 29.95 per cent.Emblaze will purchase an aggregate of five per cent. of the Ki-Bi issued andoutstanding shares from the shareholders that shall have validly tendered theirshares by 3:00 pm London time on 11 February 2006, in pro rata portions to theamounts of Ki-Bi shares validly tendered by such shareholders prior to suchtime. Emblaze will pay 41 Pence for each Ki-Bi share validly tendered andaccepted by Emblaze, with the total amount paid by Emblaze for such sharesexpected to be approximately £418,100. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BSD.L