LONDON, Feb. 7, 2003 (PRIMEZONE) -- onExchange Inc. ("onExchange") notes the recent announcement by Maia Holdings Limited, a company backed by the HgCapital Funds and Rolfe & Nolan management, of its offer to acquire the entire issued and to be issued ordinary share capital of Rolfe & Nolan PLC ("Rolfe & Nolan") at a price of 100 pence per share, the terms of the offer and the terms of irrevocable undertakings which have been secured from certain shareholders. onExchange is currently undertaking due diligence at Rolfe & Nolan and in the context of that due diligence is considering whether or not to make an offer for Rolfe & Nolan.
A further announcement will be made in due course.
Campbell Lutyens & Co. Ltd., which is regulated by the Financial Services Authority, is acting for onExchange and no one else in connection with this announcement and will not be responsible to anyone other than onExchange for providing the protections afforded to clients of Campbell Lutyens & Co. Ltd. or for giving advice in relation to this announcement.
This announcement is not being made, directly or indirectly, in or into Canada, Australia or Japan. Accordingly, neither copies of this announcement nor any related documentation are to be mailed or otherwise distributed or sent in or into Canada, Australia or Japan. Persons who are not resident in the United Kingdom should inform themselves about and observe any applicable requirements.
This information is provided by RNS, the company news service from the London Stock Exchange.