Source: Iona Technologies
The Board of IONA notes recent press speculation and confirms that it has received an unsolicited preliminary expression of interest from a third party to acquire the Company, which may or may not lead to a formal offer being made to acquire all of the outstanding shares of the Company.
It should be emphasised that the expression of interest is very preliminary and is subject to a number of conditions. Accordingly, no assurances can be given that a formal offer will be forthcoming or that any transaction will occur. The Company does not anticipate making another announcement in regard to this matter unless a definitive transaction is agreed to, other than as may be required by applicable law.
The holder of 1% or more of any relevant securities in the Company may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2005, as applied, with amendments by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006.