Neometals Regulatory News (NMT)

18 Sep 2006 12:07

Volvere PLC18 September 2006 Volvere plc For immediate release 18 September 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO ORFROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHERJURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OFSUCH JURISDICTION Volvere plc ("Volvere") Recommended Offer for NMT Group PLC ("NMT") Irrevocable Undertakings On 16 September 2006, an undertaking to accept (or procure the acceptance of)the Offer was received from Clareco Limited in respect of 360,343 NMT Shares,representing approximately 4.1 per cent. of the issued ordinary share capital ofNMT. This undertaking will remain binding in the event of a higher offer. On this basis, irrevocable undertakings to accept (or procure the acceptance of)the Offer have been received in respect of an aggregate of 1,760,343 NMT Shares,representing approximately 20.2 per cent. of NMT's issued share capital.Volvere already holds 2,604,683 NMT Shares, representing approximately 29.9per cent. of NMT's issued ordinary share capital. Volvere's existing shareholding, combined with the NMT Shares subject toirrevocable undertakings, represents in aggregate approximately 50.1 per cent.of NMT's current issued ordinary share capital. Enquiries:Dawnay, Day Corporate Finance Limited (Financial Adviser to Volvere)Sandy Jamieson +44 (0) 20 7509 4570Alex Stanbury +44 (0) 20 7509 4570 Dawnay, Day Corporate Finance Limited ("Dawnay Day") is acting exclusively forVolvere and for no one else in relation to the Offer and will not be responsibleto anyone other than Volvere for providing the protections afforded to clientsof Dawnay Day or for giving advice in relation to the Offer or any other matterreferred to in this announcement. The distribution of this announcement in jurisdictions other than the UK may berestricted by law and therefore any persons who are subject to the laws of anyjurisdiction other than the UK should inform themselves about, and observe, anyapplicable requirements. This announcement has been prepared for the purpose ofcomplying with English law and the City Code and the information disclosed maynot be the same as that which would have been disclosed if this announcement hadbeen prepared in accordance with the laws of jurisdictions outside the UK. The Offer is not being made, and will not be made, directly or indirectly, in orinto, or by the use of the mails or by any means or instrumentality (including,without limitation, telephonically or electronically) of interstate or foreigncommerce or by any facilities of a national securities exchange of, the UnitedStates of America, Canada, Australia, South Africa or Japan and the Offer willnot be capable of acceptance by any such use, means, instrumentality or facilityor from within those jurisdictions. Accordingly, copies of this announcement arenot being, and must not be, mailed, transmitted or otherwise forwarded,distributed or sent, in whole or in part, in, into or from the United States ofAmerica, Canada, Australia, South Africa or Japan. Custodians, nominees andtrustees should observe these restrictions and should not send or distributethis announcement in, into or from the United States of America, Canada,Australia, South Africa or Japan. This announcement does not constitute an offer to sell or the solicitation of anoffer to subscribe for or buy any securities, nor shall there be any sale,issuance or transfer of the securities referred to in this announcement in anyjurisdiction in contravention of applicable law. This information is provided by RNS The company news service from the London Stock Exchange