20 Jan 2012 16:02
IndigoVision Group plc
("IndigoVision" or the "Company")
Announcement by Scottish Equity Partners ("SEP")
The board of IndigoVision notes the announcement made by SEP earlier today and confirms that, following constructive discussions with the Company, SEP could not agree a proposal for the Company at a level which, in the opinion of the IndigoVision board and its financial advisers, properly reflected the underlying value of the Company and its prospects.
Discussions with SEP have now ceased and the board can confirm that it is not in talks regarding an offer for the Company and is therefore no longer in an Offer Period.
The board further notes from SEP's statement that SEP continues to support the Company and the board looks forward to maintaining a relationship with SEP in this context.
The board welcomes this clarification from SEP regarding its intentions and will now be focusing on delivering further growth, efficiency and shareholder value. As announced on 28 December 2011 IndigoVision will issue a trading update to the market before the end of January. The board is confident that IndigoVision has an excellent future as an independent company.
Enquiries:
Cardew Group
Rob Ballantyne Telephone: 0207 930 0777 / 07899 878 210
Shan Shan Willenbrock 020 7930 0777 / 07775 848537
Brewin Dolphin Limited (NOMAD)
Sandy Fraser Telephone: 0131 529 0272