8 October 2012 – recommended offer
A cash offer of 297p per share has been put forward by Zertus UK, which has been recommended by the independent directors. This was announced after the market closed on Friday, with a number of institutional investors already committing to accept the offer. Shareholders will also be entitled to the 3p per share dividend which was declared last week. We had hoped that a takeover bid would emerge and feel that this is a fair price. ACCEPT THE OFFER.