Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCrossword Cybersecurity Regulatory News (CCS)

  • This share is currently suspended. It was suspended at a price of 1.75
  • There is currently no data for CCS

Response to Press Comment

28 Oct 2011 16:23

RNS Number : 0883R
Enigmatic Investments Limited
28 October 2011
 



ENIGMATIC INVESTMENTS LIMITED

 

Response to Press Comment

 

The Board of Enigmatic Investments Limited ("Enigmatic Investments") notes the press commentary regarding the bid for Clarity Commerce Solutions PLC ("Clarity") contained within Companies & Markets (Page 3 of the Companies & Markets section, Small Talk) yesterday and would like to draw attention to fundamental factual errors contained within the article and the corresponding "Clarification" contained within today's Financial Times (Page 12 Letters, Clarification).

 

Some of the assumptions and calculations drawn within the original article are misleading and inaccurate.

 

Enigmatic Investments currently owns 4,595,501 ordinary shares in Clarity equalling 11.09 per cent. of the voting rights in the company.

 

The statement that a pre-tax profit of £1.4 million would equate to earnings of more than 5 pence a share is incorrect. In fact a profit after tax of £1.4 million (i.e. assuming no tax charge) would equate to earnings of 3.38 pence a share, or 2.53 pence a share after a 25% tax rate is applied (for illustrative purposes).

 

Furthermore, whilst Enigmatic Investments is aware that the reference to a pre tax profit of £1.4m was one of opinion expressed by the journalist, Enigmatic wishes to draw attention to the fact that in the most recent financial period ended 31 March 2011, Clarity reported a loss before taxation of £1.435m.

 

Enigmatic Investments announced on 20 October that its cash Offer of 23 pence per Clarity Share, which remains subject to the terms and the condition set out or referred to in the Offer Document posted to Clarity shareholders on 28 September 2011, has been extended to, and will remain open for acceptance until, 1.00pm on 2 November 2011 (the "Second Closing Date").

 

Unless expressly defined in this announcement, defined terms used in this announcement shall have the same meanings as set out in the Offer Document. Nothing within this announcement is intended to constitute a forecast of any kind in relation to the future financial performance of Clarity.

 

Enquiries:

 

Enigmatic Investments Limited Telephone: +44 (0) 1481 716000

Laurence McNairn

Mark Huntley

 

finnCap Telephone: +44 (0) 20 7220 0500

(Financial adviser and

corporate broker to Enigmatic Investments) Marc Young or Ed Frisby

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
SPCEVLFLFBFLFBF
Date   Source Headline
29th Nov 20073:54 pmRNSResult of AGM
7th Nov 20079:50 amRNSNotice of AGM
23rd Oct 200712:02 pmRNSContract wins
22nd Oct 20077:01 amRNSUpdate on Retail Division
4th Oct 200712:17 pmRNSStrategic Review
27th Sep 20073:05 pmRNSBoard changes
3rd Sep 200710:26 amRNSFinal Results
24th Aug 200711:29 amRNSAIM Rule 26 information
21st Aug 200712:12 pmRNSChange of registered office
20th Aug 20074:02 pmRNSChange of Broker
20th Jul 200712:59 pmRNSNotice of deferred results
3rd Jul 200710:15 amRNSDirectorate Change
29th Jun 20073:55 pmRNSChange of Adviser
26th Jun 20077:02 amRNSBoard Changes
6th Jun 200712:42 pmRNSTotal Voting Rights
31st May 20076:07 pmRNSResult of EGM
31st May 200712:43 pmRNSConfirmation of EGM Notice
23rd May 20071:05 pmRNSInterests in Shares
23rd May 20079:44 amRNSDirector/PDMR Shareholding
23rd May 20077:02 amRNSStrategic update
22nd May 20077:03 amRNSMarket Update
11th May 200712:25 pmRNSMAJOR INTERESTS IN SHARES
11th May 200712:19 pmRNSMAJOR INTERESTS IN SHARES
11th May 200712:08 pmRNSAdditional Listing
3rd May 20075:47 pmRNSNotice of EGM
3rd May 20071:47 pmRNSTotal Voting Rights
2nd May 20076:27 pmRNSHolding(s) in Company
1st May 20072:41 pmRNSDirector/PDMR Shareholding
26th Apr 200712:39 pmRNSBoard Appointment
16th Apr 20071:29 pmRNSStmnt re Requisition for EGM
2nd Apr 20077:01 amRNSTrading Statement
8th Jan 200712:07 pmRNSDirector Shareholding
4th Jan 20075:10 pmRNSDirector / PDMR Shareholding
22nd Dec 20061:22 pmRNSTotal Voting Rights
8th Dec 200610:42 amRNSContract win
30th Nov 20067:01 amRNSBoard Change
23rd Nov 20067:01 amRNSInterim Results
13th Nov 20069:28 amRNSInterim Results Notification
20th Sep 20066:10 pmRNSAGM Statement
29th Jun 20067:02 amRNSFinal Results
13th Jun 20062:43 pmRNSNotice of Results
2nd May 20067:03 amRNSDirectors Shareholding
26th Apr 20061:02 pmRNSDirector/PDMR Shareholding
25th Apr 20062:18 pmRNSResult of EGM
24th Apr 20067:01 amRNSPlacing of Shares
18th Apr 20067:02 amRNSDividend Policy
18th Apr 20067:02 amRNSTrading Statement
3rd Apr 20067:03 amRNSTrading Update
29th Mar 20067:03 amRNSAcquisition
15th Dec 20055:30 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.