EIDOS RESPONDS
TO SCI GROUP OFFER
Copyright 2005 Eidos Press Release
[ May 11th 2005 ]
Further
to the announcement on 22 March 2005 by SCi of
its offer for all of the issued and to be issued
share capital of Eidos, the board of SCi announces
that as at 1.00 p.m. on 10 May 2005, being the
First Closing Date, SCi had received valid acceptances
of the Offer in respect of a total of 110,022,510
Eidos Shares representing approximately 77.5 per
cent of the issued share capital of Eidos. The
Offer has, therefore, become unconditional as
to acceptances.
The Offer
remains conditional, inter alia, on approval by
SCi Shareholders at an extraordinary general meeting
of SCi to be held at 11.00 a.m. on 13 May 2005
for this purpose. It is anticipated that Admission
of the Offer Shares will become effective at 8.00
a.m. on 17 May 2005. The Offer will remain open
for acceptance by Eidos Shareholders until 1.00
p.m. on Tuesday 24 May 2005.
As set
out in the Offer Document, SCi received irrevocable
undertakings to accept or procure the acceptance
of the Offer in respect of 66,279,421 Eidos Shares,
representing approximately 46.7 per cent. of the
issued share capital of Eidos. Acceptances under
the Offer have been received in respect of 63,902,521
of the Eidos Shares the subject of these undertakings.
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