10 Nov 2010 16:46
SpiriTel PLC
("SpiriTel")
Appointment of directors
Further to the announcement made earlier today by Daisy Group plc ("Daisy") that the offer, by Daisy for the shares of SpiriTel (the "Offer"), has been declared unconditional in all respects, SpiriTel are pleased to welcome Matthew Riley and Anthony Riley to its board of directors. As outlined in the circular to shareholders in respect of the Offer, Lord St. John of Bletso, Alastair Mills, Ronnie Smith, Steven Maine and Steven Scott have stepped down as directors of SpiriTel.
Disclosures required pursuant to Schedule 2(g) of the AIM Rules for Companies in respect of Matthew Riley and Anthony Riley are set out below.
For further information please visit www.spiritelplc.com or contact:
SpiriTel plc | Tavistock Communications | FinnCap |
Matthew Riley | Simon Hudson | Marc Young |
Anthony Riley | James Midmer | Henrik Persson |
Tel: 01282 607785 | Tel: 020 7920 3150 | Tel: 020 7600 1658 |
Disclosures required pursuant to Schedule 2(g) of the AIM Rules for Companies in respect of Matthew Riley and Anthony Riley:
Full name | Matthew Robinson Riley | Anthony John Riley |
Aged | 36 | 42 |
Current directorships | Daisy Communications Ltd My Servassure Limited Aerofone (UK) Limited CIX Holdings Limited Compulink Information Exchange Limited Daisy Data Solutions Limited Daisy Group plc GX Networks UK Limited Vialtus Holdings Limited Vialtus Limited Vialtus Solutions Limited X T M L Limited Daisy Telecoms Limited Anglia Telecom Centres Limited BDR Mobiles Ltd IP Integration Network Services Limited NT Independent Networks Limited Open-Link Technology Limited Symphony Telecom Limited Unitel Network Services Limited Freedom4 Limited Managed Communications Ltd 3G Comms Limited BNS Telecom Group Limited BNS Telecom Ltd Chamber Telecom Limited Cheapercalls.com Limited Modus Telecom Limited BNS Mobile Limited Cole Robert & Co Ltd Fone Logistics Limited Murphx Innovative Solutions Limited Telephone Monitoring Limited Fenix Networks Limited
| Daisy Communications Ltd Aerofone (UK) Limited Daisy Telecoms Limited Anglia Telecom Centres Limited BDR Mobiles Ltd Symphony Telecom Limited CIX Holdings Limited Compulink Information Exchange Limited Daisy Data Solutions Limited Faultbasic Limited Freedom4 Access Limited GX Networks UK Limited My Servassure Limited Vialtus Holdings Limited Vialtus Limited Vialtus Solutions Limited X T M L Limited Daisy Wholesale Limited Managed Communications Ltd 3G Comms Limited BNS Telecom Group Limited BNS Telecom Ltd Chamber Telecom Limited Cheapercalls.com Limited Modus Telecom Limited Cole Robert & Co Ltd Fone Logistics Limited Murphx Innovative Solutions Limited Anglia Telecom Centres Limited BNS Mobile Limited Daisy Group plc Daisy Wholesale Limited |
Former directorships held in the last 5 years | Tempest Technology Limited Logicom Systems Limited Daisy Wholesale Limited E-Shop Telecom Limited Telephone Monitoring Limited Zecom Limited Your Mobile Company (UK) Limited Network Billing Services Limited Network Business Call Limited Your Mobile Company Limited Believe-It Group Limited
| Homeserve Claims Management Limited Affinity Partners Limited
|
Unspent convictions in relation to indictable offences | None | None |
Bankruptices/individual voluntary arrangements | None | None |
Former directorships in previous 12 months where the company has entered into an administration or liquidation | Logicom Systems Limited Believe IT Group Limited
| None |
Receiverships of any assets of director in 12 months of events above | None | None |
Details of any public criticisms | None | None |
Disclosure requirements of the City Code
Under Rule 8.3(a) of the City Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure (as defined in the City Code) following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure (as defined in the City Code).
Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.orq.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.