Endace (AIM:EDA.L), a leading supplier of network visibility infrastructure products, a controlling interest in which is indirectly held by Emulex Corporation, announces that John Scott and Mark Rowan, both non-executive directors of Endace, have resigned from the board of the Company with immediate effect. As announced on 26 February 2013, these resignations follow the consideration under the Takeover Offer having been first sent to accepting shareholders.
The 21 December 2012 Takeover Offer for the Company by Emulex Corporation (through its wholly owned subsidiary El Dorado Research Ventures Limited) was previously declared wholly unconditional and the Offer Period was extended through 1 p.m. 12 March 2013. The receiving agent has reported that as of 1 p.m. 1 March 2013, 195 acceptances have been received for a total of 13,629,988 shares, which is 89.55 percent of the 15,220,068 shares of Endace outstanding. Emulex has commenced payment for, and has beneficial ownership of, these shares. The receiving agent reported that there are 27 non- acceptors who hold a total of 1,590,080 shares, which is 10.45 percent of the 15,220,068 shares of Endace outstanding. An application was made to cancel the admission of the Endace shares on AIM, and such cancellation will take effect at 7.00 a.m. on 27 March 2013 following which time the Endace shares will cease to be admitted to trading on AIM.
There is no further information to be disclosed under Schedule 2 (g) of the AIM Rules.
Frank Yoshino Tim Nichols
Vice President, Finance Vice President, Corporate Marketing
+1 714 885-3697 +1 408 220-6149 frank.yoshino@emulex.com tim.nichols@endace.com
Emulex Press Contact:Katherine Lane
Director, Corporate Communications
+1 714 885-3828
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katherine.lane@emulex.com
Panmure Gordon Contact:Hugh MorganiGiles Stewart/Hannah Woodley
+44 20 78 86 25 00
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