Announcement from the Independent Committee of the Board - Termination of Offer Process
On 12 September the Independent Committee of the Board of Misys plc (‘Misys’ or ‘the Company’) announced that it had not, at that time, received any proposals which it considered should be put to shareholders, although discussions with various parties were continuing.
Further discussions have taken place, which have not led to an offer being received. Accordingly, the Independent Committee has today (29 September 2006) terminated the offer process with immediate effect.
The Independent Committee has given consideration throughout this process to the management issues which would arise as a result of termination of the offer process. A further announcement on these issues will be made shortly.
JPMorgan Cazenove, which is authorised by the Financial Services Authority, is acting exclusively for Misys and no one else and will not be responsible to anyone other than Misys for providing the protections offered to clients of JPMorgan Cazenove or for providing advice in relation to matters referred to herein.
ANALYST/INVESTOR ENQUIRIES
Alex Dee
MEDIA ENQUIRIES
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Susan Cottam
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Josh Rosenstock
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Tel: +44 (0) 20 7368 2305
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Tel: +44 (0) 20 7368 2327
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Mob: +44 (0) 7957 807 721
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Mob: +44 (0) 7921 910 914
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Email: susan.cottam@misys.co.uk
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Email: josh.rosenstock@misys.co.uk
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About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world’s top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
