Northgate Regulatory News (NTG)

14 Oct 2005 18:23

Northgate PLC14 October 2005 Northgate plc ("Northgate") Termination of discussions regarding an indicative offer Following its announcement on 10th October 2005 that it had received anindicative offer of 1200p per share, the Board of Northgate announces that,after consultation with its principal shareholders, it has concluded that itwould not be able to recommend an offer on the terms proposed. The potentialofferor has stated that it is not prepared to increase its indicative offer and,as a result, the offer has now been withdrawn and discussions have terminated. The Board is appreciative of the strong support which it has received fromshareholders during this process. Enquiries: Hoare Govett Limited Telephone: +44 (0)20 7678 8000Julian GoodwinAndrew FosterStephen BowlerJohn MacGowan Hogarth Partnership Limited Telephone: +44 (0)20 7357 9477Andrew JaquesBarnaby FryEdward Westropp This information is provided by RNS The company news service from the London Stock Exchange