Synectics Regulatory News (SNX)

30 Sep 2005 18:06

Quadnetics Group PLC30 September 2005 QUADNETICS GROUP PLC (the "Company")30 SEPTEMBER 2005 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN QUADNETICS GROUP PLCRECOMMENDED OFFER FOR PROTEC PLC Posting of Offer Document Quadnetics Group Plc ('Quadnetics') has today posted the offer document for the recommended offer by Brewin Dolphin Securities Ltd ('Brewin Dolphin') on behalf of Quadnetics for the entire issued and to be issued share capital of Protec Plc ('Protec'), which was announced on 23 September 2005 (the 'Offer'). Quadnetics has also published today an equivalent document in relation to the Offer pursuant to paragraph 1.2.2R(2) of the Prospectus Rules published by the Financial Services Authority. The first closing date of the Offer is 21 October 2005. In addition, an extraordinary general meeting of the members of Quadnetics has been convened in connection with the Offer, by means of a circular posted today to the shareholders of Quadnetics. The extraordinary general meeting will be held at the offices of Brewin Dolphin at 5 Giltspur Street, London EC1A 9BD at 10:00 am on 17 October 2005. Enquiries Quadnetics 01527 850080Russ Singleton, Chief ExecutiveNigel Poultney, Finance Director Brewin Dolphin Securities Ltd 0113 241 0130(Financial Adviser and Corporate Broker to Quadnetics)Neil BaldwinKeith Williams Protec 01923 211550Bill Moir, Chief Executive Teather & Greenwood 020 7246 9000(Financial Adviser and Corporate Broker to Protec)Jeff KeatingRob Naylor Media Enquiries Abchurch Communications 0207 398 7700Chris MundenAriane Comstive Copies of the offer document, the equivalent document and a form of acceptance for use by holders of the ordinary shares in Protec are available, free of charge, at the office of Quadnetics, North Court House, Morton Bagot, Studley, Warwickshire B80 7EL and at the offices of Brewin Dolphin 34 Lisbon Street, Leeds LS1 4LX. This announcement is not a prospectus but an advertisement. The holders of ordinary shares in Protec should not accept the Offer except on the basis set out in the offer document, the equivalent document and the form of acceptance. This announcement is issued by Brewin Dolphin which is authorised and regulated in the United Kingdom by the Financial Services Authority. Brewin Dolphin is acting exclusively for Quadnetics and is acting for no one else in connection with the Offer and will not be responsible to anyone other than Quadnetics for providing the protections afforded to customers of Brewin Dolphin nor for providing advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange