| 6 July 2007 | |||||
Shareholders vote in favour of IBA Health offer | |||||
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The Board of iSOFT is pleased to announce that the shareholder resolutions to approve the recommended offer for iSOFT, by a wholly-owned subsidiary of IBA, IBA UK, to be effected by means of a scheme of arrangement, were duly passed at the Court Meeting and the Extraordinary General Meeting held earlier today. At the Court Meeting, a majority in number of iSOFT Shareholders, who voted either in person or by proxy and who together represented over 75% by value of the votes cast, voted in favour of the resolution to approve the Scheme. The resolution was accordingly passed. At the Extraordinary General Meeting, the special resolution to approve the Scheme and provide for its implementation was also passed by the requisite majority. COURT MEETING The voting on the resolution to approve the Scheme was taken on a poll and the results were as follows: Number of Meeting Shareholders voting: For: 424 (97.03%) Against: 13 (2.97%) Number of votes: For: 87,780,362 (99.97%) Against: 25,781(0.03%) EXTRAORDINARY GENERAL MEETING The voting on the Special Resolution giving effect to the Scheme was taken on a poll and the results were as follows: Number of votes: For: 89,717,026 (99.97%) Against: 29,814 (0.03%) Implementation of the Offer remains subject to the High Court of Justice for England and Wales sanctioning the Scheme at the Court Hearing which is expected to take place on 25 July 2007 and confirming the associated reduction of iSOFT's share capital at the Court Hearing which is expected to take place on 27 July 2007. Subject to the Scheme receiving the sanction and confirmation of the Court on those dates, the effective date of the Scheme is expected to be 30 July 2007. It is also expected that if the Scheme becomes effective on 30 July 2007, listing of the iSOFT Shares will be cancelled at or about 8.00am on 30 July 2007. The consideration due to shareholders is expected to be sent no later than 14 days after the effective date. Copies of the resolutions passed at the iSOFT Court Meeting and EGM will shortly be submitted to the Financial Services Authority (“FSA”) and will shortly be available for inspection by the public during normal business hours on any weekday (except public holidays) at the FSA's Document Viewing Facility which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS (tel. +44 (0)20 7676 1000). Any capitalised term used but not defined in this announcement has the same meaning as is given to it in the Scheme Circular. For further information, please contact: |
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