REG-SVTC Technologies Update on SVTC Technologies O
Released: 04/09/2008

com:20080904:RnsD7835C
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RNS Number : 7835C  
  
SVTC Technologies, LLC  
  
04 September 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  
  
4 September 2008  
  
SVTCA, LLC ("SVTC Bidco")  
  
Cash Offer  
  
for  
  
EAG Limited ("EAG")  
  
Offer Update - Offer Lapsed  
  
On 27 August 2008, SVTC Technologies, LLC ("SVTC") announced its 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 became or was declared wholly 
unconditional), by reference to the non-satisfaction of the condition of the 
SVTC Offer with regard to acceptances. SVTC also announced that the Independent 
EAG Directors had confirmed to SVTC their approval, for the purposes of the 
articles of association of EAG, to the SVTC Offer lapsing on this basis.  
  
As at 1.00pm on 4 September 2008, being the first closing date of the SVTC 
Offer, no valid acceptances of the SVTC Offer had been received in respect of 
EAG Shares.  
  
As the acceptance condition of the SVTC Offer has not been satisfied, the SVTC 
Offer has now lapsed and is no longer open for acceptance.  
  
Enquiries:  
  
 
  Torch Partners      Tel: +44 20 7227 8830   
  Rupert Robson                               
  Andrew Leathers                             
                                              
  GCA Savvian         Tel: +1 415 318 3650    
  Mark Waissar                                
                                              
                                              
  
  
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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