ServicePower Technologies Plc, a market leader in mobile workforce management software is pleased to announce that the recommended offer by Diversis Capital for the entire issued share capital of ServicePower has been declared unconditional in all respects and it is expected the cancellation of admission to trading on AIM will take effect on 7 February 2017.
ServicePower Named a Visionary by Gartner in 2016 Magic Quadrant for Field Service Management
ServicePower Technologies Plc (AIM: SVR), a market leader in mobile workforce management software, has again been named by Gartner as a Visionary in its 2016 Magic Quadrant for Field Service Management (FSM), by Jim Robinson, William McNeill, Jason Wong, Michael Maoz. Published by Gartner on 3 November 2016, the Magic Quadrant for Field Service Management has recognized ServicePower as a visionary based on its completeness of vision and ability to execute.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.
10 November 2016
ServicePower Technologies Plc ("ServicePower" or the “Company”)
Statement regarding a Possible Offer and Rule 2.9 announcement
ServicePower Technologies Plc notes the recent movement in its share price and confirms that it is in preliminary discussions with Jonas Computing (UK) LTD. ("Jonas"), an indirect wholly owned subsidiary of Constellation Software Inc., which could lead to an offer being made by Jonas for the entire issued and to be issued share capital of ServicePower (the “Possible Offer”). The Board would like to emphasise that these discussions are at a preliminary stage and that there can be no assurances that such an offer will be made for ServicePower, nor as to the terms on which any offer will be made. Shareholders are advised to take no action.