SOLO.L Regulatory News (SOLO)

5 Apr 2007 16:48

St James's Energy PLC05 April 2007 5 April 2007 St James's Energy plc ("St James's" or the "Company") Offer to acquire Immersion Technology International plc ("Immersion") Unconditional as to Acceptances Following the extension of the offer to acquire the entire issued share capitalof Immersion, to be satisfied by the allotment of new St James's shares atcompletion (the "Offer"), the Board of St James's is pleased to announce that StJames's has now received valid acceptances in respect of 164,453,671 shares inImmersion, representing 93.49 per cent. of the entire issued share capital ofImmersion. The Offer is now unconditional as to acceptances. The Offer willremain open for acceptances until 1pm (London time) on Friday 20 April 2007. Provided that the conditions of the Offer are satisfied and the appropriateresolutions are passed by St James's shareholders at the EGM scheduled for 10amon Wednesday 11 April 2007, the Offer is expected to become unconditional in allrespects following the re-admission of St James's to AIM on 12 April 2007. TheCompany will then seek to apply the provisions of sections 428 to 430F(inclusive) of the Companies Act 1985, as amended, to acquire compulsorily anyremaining Immersion ordinary shares. - ends - Enquiries: St James's Energy plc Kiran Morzaia + 44 (0) 20 7016 5100 Nabarro Wells Hugh Oram/Anthony Rowland +44 (0) 20 7710 7400 Immersion Technology International plc Craig Evans/Blair Snowball +44 (0) 20 7016 5107 Pelham Public Relations Archie Berens/Hugh Barker +44 (0) 20 7743 6670 This information is provided by RNS The company news service from the London Stock Exchange