Financial Objects Announcements

RNS Number : 1709D Financial Objects PLC 10 September 2008  
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Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction (including the United States, Canada, Australia, and Japan) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

For immediate release                                                                                                   10 September 2008
Recommended Acquisition
of
Financial Objects plc ("Financial Objects")
by
Temenos UK Limited ("Temenos UK"), a wholly-owned subsidiary 
of Temenos AG ("Temenos")

Scheme Effective 

Temenos and Financial Objects are pleased to announce that the Scheme relating to the recommended acquisition of Financial Objects by Temenos UK became effective today.
As previously announced, the Financial Objects Shares were suspended from trading on AIM with effect from 7:00 a.m. on 9 September 2008. The Financial Objects Shares will cease to be admitted to trading on AIM with effect from 7:00 a.m. (London time) on 11 September 2008.
Holders of Scheme Shares are entitled to receive 60 pence in cash for each Scheme Share held at the Scheme Record Time.
The consideration to which any holder of Scheme Shares is entitled under the Scheme will be settled through CREST on 24 September 2008 in respect of shares held in uncertificated form, and in respect of shares held in certificated form will be despatched by post to the registered addresses of the shareholders by 24 September 2008, in accordance with the provisions of the Scheme Document dated 19 July 2008.
Capitalised terms in this announcement have the same meaning as set out in the Scheme Document.
Enquiries:
Temenos                    Tel: +44 (0)20 7290 3000
Max Chuard
Ben Robinson
Lazard                        Tel: +44 (0)20 7187 2000 
(financial adviser to Temenos and Temenos UK)
Nicholas Jones
Cyrus Kapadia
Hudson Sandler         Tel: +44 (0)20 7796 4133
(PR adviser to Temenos) 
James White
Andrew Hayes

Financial Objects        Tel: +44 (0)20 7836 3010
Karim Peermohamed
Peter Youngs
Evolution Securities    Tel: +44 (0)20 7071 4300
(financial adviser to Financial Objects)
Stuart Andrews
Neil Elliot
Financial Dynamics       Tel: +44 (0)20 7831 3113
(PR adviser to Financial Objects)
James Melville Ross
 
Lazard, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Temenos and Temenos UK and no-one else in connection with the Acquisition and will not be responsible to anyone other than Temenos and Temenos UK for providing the protections afforded to clients of Lazard nor for providing advice in relation to the Acquisition.
Evolution Securities, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Financial Objects and no-one else in connection with the Acquisition and will not be responsible to anyone other than Financial Objects for providing the protections afforded to clients of Evolution Securities nor for providing advice in relation to the Acquisition.
The Temenos AG Directors accept responsibility for the information contained in this announcement relating to Temenos. To the best of the knowledge and belief of the Temenos AG Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. 
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