Announcement From The Independent Committee Of The Board
On 9 June 2006, Misys plc ("Misys") confirmed that it had received a request from certain members of the senior management team to explore the possibility of making an offer for Misys. An Independent Committee of the Board, comprising all of the non-executive directors and chaired by Sir Dominic Cadbury, has been formed to consider the request.
The Independent Committee has now authorised certain members of the senior management team, on a non-exclusive basis, to explore the possibility of making an offer for Misys. At this preliminary stage, the Independent Committee has not yet authorised the release of any non-public information.
The Independent Committee believes there is significant value within Misys and is confident in the growth prospects of the Company. The Independent Committee is considering the best way of maximising value for all shareholders while at the same time minimising disruption to the business and employees.
The Independent Committee reconfirms that no offer has been received and no price has been discussed in relation to either all or part of Misys and therefore there is no certainty that an offer will be forthcoming.
JPMorgan Cazenove has been appointed to advise the Independent Committee.
A further announcement will be made in due course, as appropriate.
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
MEDIA ENQUIRIES
Josh Rosenstock
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7921 910 914
Email:josh.rosenstock@misys.co.uk
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7921 910 914
Email:josh.rosenstock@misys.co.uk
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 about 7,800 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
