REG-SVTC Technologies SVTC Technologies - Offer Upd
Released: 27/08/2008

com:20080827:Rnsa1021C
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RNS Number : 1021C  
  
SVTC Technologies, LLC  
  
27 August 2008  
  
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM CANADA OR JAPAN, 
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH OTHER JURISDICTION  
  
27 August 2008  
  
SVTCA, LLC ("SVTC Bidco")  
  
Cash Offer  
  
for  
  
EAG Limited ("EAG")  
  
Offer Update - No Intention to Increase Offer  
  
Having evaluated the situation following the announcement of the increased offer 
by EAGI of 130 pence per EAG Share, and the posting of EAGI's revised offer 
document, SVTC Technologies, LLC ("SVTC") has decided that there will be no 
increase in the amount of SVTC Bidco's offer for EAG.  
  
It is SVTC's intention to allow the SVTC Offer to lapse at the first closing 
date on 4 September 2008 (or at such earlier time as EAGI's offer becomes or is 
declared wholly unconditional), by reference to the non-satisfaction of the 
condition of the SVTC Offer with regard to acceptances. The Independent EAG 
Directors have confirmed to SVTC their approval, for the purposes of the 
articles of association of EAG, to the SVTC Offer lapsing on this basis.  
  
Enquiries:  
  
 
  SVTC Technologies    Tel: +1 650 234 0500     
  Robert Morse                                  
                                                
  Torch Partners       Tel: +44 20 7227 8830    
  Rupert Robson                                 
  Andrew Leathers                               
                                                
  GCA Savvian          Tel: +1 415 318 3650     
  Mark Waissar                                  
                                                
  Brunswick Group      Tel: +44 20 7404 5959    
  Tom Buchanan                                  
  Sarah West                                    
  
  
Capitalised terms used in this announcement and not defined herein shall have 
the meaning ascribed thereto in the offer document issued by SVTC Bidco dated 7 
August 2008.  
  
Torch Partners, which is authorised and regulated in the United Kingdom by the 
Financial Services Authority, is acting exclusively for SVTC and SVTC Bidco and 
no one else in connection with the SVTC Offer and will not be responsible to 
anyone other than SVTC and SVTC Bidco for providing the protections afforded to 
clients of Torch Partners nor for providing advice in relation to the SVTC 
Offer, the contents of this announcement nor any matter referred to herein.  
  
GCA Savvian, which is authorised and regulated in the United States by the 
Financial Industry Regulatory Authority, is acting exclusively for SVTC and SVTC 
Bidco and no one else in connection with the SVTC Offer and will not be 
responsible to anyone other than SVTC and SVTC Bidco for providing the 
protections afforded to clients of GCA Savvian nor for providing advice in 
relation to the SVTC Offer, the contents of this announcement nor any matter 
referred to herein.  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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