Pace Micro Technology plc Update

Printer-friendly versionPDF version

The Board of Pace Micro Technology plc announces that it expects to post documentation to shareholders to seek approval for the acquisition by the end of March and relist the existing share capital shortly thereafter.

Further to the announcement on 19 December 2007 of the proposal to acquire the set top box and connectivity solutions business of Royal Philips Electronics, the Board of Pace Micro Technology plc announces that it expects to post documentation to shareholders to seek approval for the acquisition by the end of March and relist the existing share capital shortly thereafter.

-ends-

For further information, please contact:

Pace Micro Technology plc
+44 (0) 1274 532000
Helen Kettleborough, Director of Corporate Communications

Brunswick Group LLP
+ 44 (0) 207 404 5959
Fiona Laffan
Tim Williamson

NM Rothschild & Sons Ltd
Scott Sheldon +44 (0) 207 280 5000
David Forbes +44 (0) 113 200 1900

Hoare Govett Ltd
Alexander Garton +44 (0) 207 678 8000

About Pace Micro Technology

Pace Micro Technology plc (pic.l) is a leading technology developer for the global payTV industry. Pace's main focus is on creating intelligent and innovative products and services that benefit our customers and fuel the development of digital TV. Over the last 25 years, Pace has developed one of the world's most experienced specialist engineering teams and is now the partner of choice for leading payTV operators across the globe.

Pace's international headquarters are in Saltaire, West Yorkshire, UK, with further offices in the USA, France, India and Hong Kong. For more information on Pace, please visit www.pace.com.

News Source : Pace Micro Technology plc Update