Further re Acquisition

26 Feb 2007 10:10

Datacash Group PLC26 February 2007 26 February 2007 DataCash Group plc ("DataCash" or the "Company") Further re Acquisition The Board of DataCash has been informed by the Board of NetGiro International AB("NetGiro International") that it has received an alternative proposal to thatwhich was announced by DataCash on 8 February 2007. Consequently, at theExtraordinary General Meeting convened for today at 9.00 a.m. (10.00 a.m.Swedish time), while the resolution to approve the change of Articles ofAssociation that would have empowered the Board of NetGiro International to sellNetGiro Systems AB ("NetGiro") has proceeded and been passed, the resolution toapprove the acquisition by DataCash has been adjourned while the Board ofNetGiro International considers the alternative proposal. The Board of DataCashcontinues to monitor the situation. The Board of DataCash will provide an update in due course. Enquiries DataCash Group plc David Bailey - Deputy Chairman 0870 7274760 Keith Butcher - Commercial Director 0870 7274760 Paul Burton - Chief Financial Officer 0870 7274760 MJ2 Business Communications Alice Proctor / Tim McCall (0)20 7491 7776 / 07958 167 119 This information is provided by RNS The company news service from the London Stock Exchange