PSION PLC 
By 13 September 2012
RECOMMENDED CASH OFFER by MOTOROLA SOLUTIONS, INC. ("MOTOROLA SOLUTIONS") for PSION PLC ("PSION") OFFER UPDATE - OFFER UNCONDITIONAL AS TO ACCEPTANCES AND EXTENSION OF OFFER Introduction
On 15 June 2012 Motorola Solutions and Psion announced that
they had agreed on the terms of a recommended cash offer to
be made by Motorola Solutions to acquire the entire issued
and to be issued share capital of Psion (the
"Offer"). The full terms and conditions of the
Offer and the procedures for acceptance were set out in the
offer document issued by Motorola Solutions on 12 July 2012
(the "Offer Document").
Motorola Solutions is pleased to announce that the Offer has
become unconditional as to acceptances. Further details are
set out below.
Terms used in this announcement have the meanings given to
them in the Offer Document unless stated otherwise. All
references to time in this announcement are to London time.
As at 1.00 p.m. on 12 September 2012, Motorola Solutions had
received valid acceptances of the Offer in respect of
117,280,540 Psion Shares (representing approximately 82.86
per cent. of the existing issued share capital of Psion, and
approximately 92.01 per cent. of the Psion Shares to which
the Offer relates), which Motorola Solutions may count
towards the satisfaction of the acceptance condition to the
Offer.
So far as Motorola Solutions is aware, none of these
acceptances have been received from persons acting in concert
with Motorola Solutions. Of these acceptances, acceptances
have been received in respect of, in aggregate, 32,581,226
Psion Shares (representing approximately 23.02 per cent. of
the existing issued share capital of Psion) which were
subject to irrevocable undertakings procured by Motorola
Solutions.
In addition, Motorola Solutions also owns 14,077,244 Psion
Shares (representing approximately 9.94 per cent. of the
existing issued share capital of Psion).
Accordingly, as at 1.00 p.m. on 12 September 2012, Motorola
Solutions either owned or had received valid acceptances of
the Offer in respect of a total of 131,357,784 Psion Shares
(representing approximately 92.80 per cent. of the existing
issued share capital of Psion).
Motorola Solutions is pleased to announce that the Offer has
become unconditional as to acceptances.
The percentages of Psion Shares referred to in this
announcement are based upon a figure of
141,534,790 Psion Shares in issue on 12 September 2012.
The Offer, which remains subject to the other terms and
conditions set out in the Offer Document including the
Antitrust Condition in relation to the UK, is being extended
and will remain open for acceptance until the next closing
date which will be 1.00 p.m. on 28
September 2012.
Psion Shareholders who have not yet accepted the Offer are
urged to do so by the following deadlines:
