Talarius PLC
20 April 2006
April 20 2005
Talarius Plc
('Talarius')
Termination of discussions with Top Ten Holdings plc
The Board of Talarius notes recent press speculation regarding a possible offer
by Talarius for Top Ten Holdings plc ('Top Ten'). Talarius confirms that it was
in discussions with Top Ten regarding a possible offer for Top Ten, on terms
that the Board of Talarius considers would have delivered excellent value to the
shareholders of Top Ten. Regrettably, it was not possible for agreement to be
reached with the Board of Top Ten on terms acceptable to Talarius
and, consequently, Talarius has withdrawn from the process.
Talarius will therefore not make an offer for Top Ten, subject to the
reservations set out below.
For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the
'Code'), Talarius reserves the right to make an offer for Top Ten within the
next six months in the event that the Board of Top Ten agrees to or recommends
such an offer or a third party announces an offer or possible offer for Top
Ten or Top Ten announces a 'whitewash' proposal under Rule 9 of the Code or a
reverse takeover (as defined in the AIM Rules).
Talarius' stated strategy is to pursue acquisition opportunities that have the
potential to deliver a positive effect on earnings per share. Talarius is
currently evaluating a number of other opportunities in the high street gaming
sector that offer the potential to meet its acquisition criteria.
Enquiries
Brunswick
Jonathan Glass / Chris Blundell Tel: +44 (0) 20 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
|
