SWX: Successful Takeover Offer For virt-x
Date 03/02/2003
SWX Holding AG has announced that, as at 31 January 2003, the "first closing day", it had received a total of 156.33 million worth of tendered virt-x shares. That amount corresponds to 91.5 per cent of the shares involved in the tender offer, and exceeds the threshold of 90 per cent required for an annulment. The offer of 12.5 pence per virt-x share will continue until further notice. In total, SWX Holding AG now controls 94.8% of the equity capital and voting rights of virt-x. As previously indicated in shareholder documentation related to the tender offer, SWX Holding AG is seeking to delist virt-x shares from the Alternative Investment Market (AIM) and intends to exercise its right to acquire the remaining virt-x shares by means of an annulment.
