SOLO.L Regulatory News (SOLO)

20 Apr 2007 17:45

Immersion Technologies Intl PLC20 April 2007 20 April 2007 Immersion Technologies International plc ("ITI" or the "Company") Offer to acquire Immersion Technology International plc ("Immersion") Offer Closed Further to the RNS announcement of 12 April 2007, the Board of ITI is pleased toannounce that as at 1pm today, the second closing date for the offer to acquirethe entire issued share capital of Immersion, the Company has now received validacceptances in respect of 175,703,671 shares in Immersion, representing 99.9%per cent. of the entire issued share capital of Immersion. The Company will now proceed under the provisions of the Companies Act 1985 toissue Form 429(4) to the one remaining Immersion shareholder who has been unableto accept the offer, to acquire compulsorily his Immersion ordinary shares. Application will be made for the admission of 11,250,000 new ordinary shares totrade on the AIM market, representing those shareholders who have accepted theOffer since 12 April 2007. The new ordinary shares will rank pari passu withthe existing ordinary shares of 0.7p each in the Company and dealings in thesenew ordinary shares are expected to commence on 26 April 2007. The total number of ordinary shares on issue following this issue will be224,669,614. - ends - Enquiries: Immersion Technology International plc Craig Evans/Blair Snowball +44 (0) 20 7016 5107 Nabarro Wells Hugh Oram/Anthony Rowland +44 (0) 20 7710 7400 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