In accordance with Section 4(c) of Appendix 7 of the Code, the Panel will announce the deadline by which SS&C must clarify its intention in relation to Blue Prism. The Court Meeting and General Meeting required to implement the Vista Offer, which are due to be held on 19 November 2021, will therefore be adjourned, in each case to a date and time to be determined by the directors of Blue Prism.Ī further announcement will be made if and when appropriate. Whilst the directors of Blue Prism continue to believe that the Vista Offer is in the best interests of Blue Prism shareholders and are not withdrawing their recommendation of it at this stage, in light of the SS&C Proposal, the Board consider it to be in Blue Prism shareholders' interests to adjourn the Court Meeting and General Meeting in order to explore further the approach from SS&C. There can be no certainty that any firm offer will be made by SS&C. The Board is currently evaluating the SS&C Proposal with its financial adviser, Qatalyst Partners Limited. The SS&C Proposal is subject to the satisfaction or waiver of a number of pre-conditions including the completion of detailed due diligence. In accordance with its obligations under Rule 21.3 of the Code, the board of Blue Prism (the "Board") is providing SS&C with due diligence access equal to that which was provided to Vista. ("SS&C") regarding a possible cash offer of 1,200 pence per Blue Prism share for the entire issued and to be issued share capital of Blue Prism (the "SS&C Proposal"). On 10 November 2021, Blue Prism received a preliminary approach from SS&C Technologies Holdings, Inc. On 28 September 2021, the boards of directors of Blue Prism and Bali Bidco Limited ("Bidco") announced that they had agreed the terms of a recommended all cash offer at an offer value of 1,125 pence for each Blue Prism share for the entire issued and to be issued share capital of Blue Prism (the "Vista Offer").
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |