| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | 1ST SOFTWARE CORP LTD |
| Company Registration No. | 199803013G |
| Announcement submitted on behalf of | 1ST SOFTWARE CORP LTD |
| Announcement is submitted with respect to * | 1ST SOFTWARE CORP LTD |
| Announcement is submitted by * | David John Fraser |
| Designation * | Chairman and Chief Executive Officer |
| Date & Time of Broacast | 12-May-2007 23:35:27 |
| Announcement No. | 00023 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | VOLUNTARY CONDITIONAL CASH OFFER BY ERESMA ASSETS INC. (THE "OFFEROR") TO ACQUIRE ALL THE ISSUED ORDINARY SHARES IN THE CAPITAL OF 1ST SOFTWARE CORPORATION LIMITED (THE "OFFER") |
| Description | 1. Introduction The board of directors (the "Board") of 1st Software Corporation Limited (the "Company") wishes to inform the shareholders of the Company (the "Shareholders") that the Company has received a letter dated 11 May 2007 from Omega Capital Limited ("OCL"), stating inter alia that OCL wishes to announce for and on behalf of the Offeror that the Offer has lapsed as at 5.30 p.m. on 11 May 2007. A copy of an announcement stated to be by OCL for and on behalf of the Offeror and purported to be dated 11 May 2007 (the "Announcement") is enclosed with OCL''s letter. It is noted that the Announcement states inter alia that: "As stated in the Offer Document, the Offer is conditional upon the Offeror having received, by the close of the Offer, valid acceptances in respect of such number of Shares which, together with the Shares acquired or agreed to be acquired (either before or during the Offer), will result in the Offeror and its Concert Parties holding such number of Shares carrying more than 50% of the voting rights attributable to the issued Shares of 1st Software as at the close of the Offer (including any voting rights attributable to Shares unconditionally issued or to be issued pursuant to the valid exercise of any outstanding Options prior to the close of the Offer). Based on the acceptances received by the Offeror as at 5.30 p.m. on the Closing Date, the above acceptance condition has not been met. As a result, the Offer has not become unconditional as to acceptances as at 5.30 p.m. on the Closing Date and has therefore lapsed." A copy of the Announcement is enclosed for your information. The Board has not verified the contents of the Announcement and has not received any signed copy of the Announcement. The Board notes that the Announcement has not been released on SGXNET, whether by the Offeror or by OCL on behalf of the Offeror. The Company will make further announcements as appropriate to keep shareholders informed of material developments, if any. Shareholders are advised to exercise caution when dealing in their shares or otherwise taking any action in relation to their shares which may be prejudicial to their interests. The Directors of the Company (including those who have delegated supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted from the Announcement or published or publicly available sources, the sole responsibility of the Directors of the Company has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement. By order of the Board David John Fraser Chairman and Chief Executive Officer 12 May 2007 |
| Attachment(s) | 20070512_233527_I16_6F23C68B560F9E23482572D9004F273B.1.pdf |
