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COMPUTERSHARE LIMITED. — M&A Activity 2008
Mar 2, 2008
64696_rns_2008-03-02_e1669a18-979e-4f6f-8ede-52a776d1318e.pdf
M&A Activity
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3 March 2008
Companies Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000
QM Technologies Limited ABN 33 096 952 966
34 Beesley Street West End QLD 4101 PO Box 3644 South Brisbane QLD 4101 Telephone (07) 3013 5000 Facsimile (07) 3013 5072 www.qmtechnologies.com
QM TECHNOLOGIES LIMITED (ASX: QMT) DIRECTORS CONFIRM ACCEPTANCE OF TAKEOVER OFFER BY COMPUTERHARE COMMUNICATION SERVICES LIMITED
QM Technologies Limited (QMT) confirms each of the QMT directors and their associated entities have today accepted, and major shareholder, JGL Investments Group has also accepted, the $3.40 cash per share takeover offer from Computershare Communication Services Limited (Computershare), a wholly owned subsidiary of Computershare Limited, for all of their ordinary shares in QMT. These acceptances total 20,352,655 shares being 45.08% of the issued ordinary shares of QMT.
These acceptances are consistent with the statements made in the Target’s Statement (dated 22 February 2008 and sent to QMT shareholders) that the Directors and their associated entities and major shareholder, JGL Investments Group, would accept the Offer within 14 days of the despatch of the Bidder’s Statement in the absence of a superior offer.
The full details of the Computershare Offer are set out in the Bidder’s Statement dated 20 February 2008 and the Offer is scheduled to close at 7.00pm (Melbourne time) 26 March 2008, unless extended. The Bidder's Statement was despatched to QMT shareholders on 22 February 2008.
For enquiries, please contact:
Matt Gerrard Company Secretary QM Technologies Limited (07) 3013 5000