Restore Regulatory News (RST)

4 Sep 2006 16:42

Radstone Technology PLC04 September 2006 NOT FOR RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA OR JAPAN. For Immediate Release 04 September 2006 RADSTONE TECHNOLOGY PLC ("Radstone" or the "Company") Radstone confirms rejection of Eurotech S.p.A.'s ("Eurotech") offer The Board of Radstone (the "Board") notes the announcement earlier today byEurotech that it has posted its offer document to Radstone shareholders andstrongly reiterates its unanimous advice to Radstone shareholders to reject thisoffer. The offer of 360 pence per ordinary share undervalues the Company andshareholders are strongly advised to take no action in respect of theirshareholdings. The Board is fully committed to explore all options in order to maximiseshareholder value and a further announcement will be made in due course. Enquiries Radstone plc Tel: 01327 359 444Jeff Perrin, Chief ExecutivePeter Cavill, Director Close Brothers Corporate Finance Limited Tel: 020 7655 3100Andrew CunninghamDavid Wardrop JPMorgan Cazenove Tel: 020 7588 2828Julian CazaletShona GrahamDavid Harvey-Evers Buchanan Communications Tel: 020 7466 5000Tim ThompsonNicola Cronk 07973 313 365Susanna Gale Close Brothers Corporate Finance Limited, which is regulated by The FinancialServices Authority Limited in the United Kingdom, is acting for Radstone and noone else in connection with this matter and will not be responsible to anyoneother than Radstone for providing the protections afforded to customers of CloseBrothers Corporate Finance Limited nor for providing advice in relation to thismatter. JPMorgan Cazenove, which is regulated by The Financial Services AuthorityLimited in the United Kingdom, is acting for Radstone and no one else inconnection with this matter and will not be responsible to anyone other thanRadstone for providing the protections afforded to customers of JPMorganCazenove nor for providing advice in relation to this matter. This information is provided by RNS The company news service from the London Stock Exchange