RTHM.L Regulatory News (RTHM)

22 May 2007 07:04

Autonomy Corporation PLC22 May 2007 NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN BLINKX COMPLETES SUCCESSFUL IPO Demerger from Autonomy is Effective; Blinkx Valuation at Top End of Price Range; Cambridge, UK - 22 May 2007 - Autonomy Corporation plc (LSE: AU. or AU.L) ("Autonomy"), a global leader in infrastructure software for the enterprise,today announced the completion of the demerger of its consumer business by wayof a dividend in specie (the "Demerger"), and the pricing of the placing of newordinary shares in Blinkx plc ("Blinkx" or the "Company"). The placing was madeto institutional investors in the UK and Europe (the "Placing"), with a priceset at 45 pence per ordinary share (the "Placing Price"). This gives theCompany a market capitalisation of £125 million (approximately $247m). ThePlacing Price was the top end of the previously announced range with the Placingoversubscribed. Autonomy Corporation plc ordinary shares will continue to trade on the LondonStock Exchange unaffected by the Demerger. Blinkx plc ordinary shares (the "Ordinary Shares") are expected to be admitted to trading on AIM at 8.00 amtoday under the trading symbol BLNX. The Demerger has been effected by the payment of a dividend in specie satisfiedby the issue of ordinary shares in Blinkx to shareholders of Autonomy in theproportion of one Ordinary Share for each one ordinary share held in Autonomy asat 6:00pm on 21 May 2007 in consideration for the transfer of 90% of the sharesin Blinkx UK Limited by Autonomy to Blinkx (the "Demerger Shares"); and thesubsequent transfer on the business day following the Demerger of the remainingshares held by Autonomy in Blinkx UK Limited to Blinkx, in consideration for theissue by Blinkx of Ordinary Shares to Autonomy such that immediately after suchissue Autonomy is expected to hold approximately 10% of the issued share capitalof Blinkx. Commenting on the demerger, Dr. Michael Lynch, CEO of Autonomy said: "Wecongratulate Blinkx today on their debut as a stand-alone, public company, atthe forefront of one of the fastest growing and dynamic segments of the nextphase of the Internet. As a non-executive director of Blinkx, I am delightedthat I will have the opportunity to assist Blinkx in its business growth which Ibelieve shows many of the same characteristics and potential as Autonomy in itsearly days." About Autonomy Corporation plc Autonomy Corporation plc (LSE: AU. or AU.L) is a global leader in infrastructuresoftware for the enterprise. Autonomy's technology powers applications dependentupon unstructured information including call center, customer relationshipmanagement, knowledge management, enterprise portals, enterprise resourceplanning, online publishing and security applications. Autonomy's customer base comprises more than 16,000 global companies andorganizations including, among others, BAE Systems, Ford, Ericsson, Shell,Nestle, AOL, BBC, Reuters, Hutchison 3G, Royal Sun Alliance, Sun Microsystems,Philips, Boeing, Schneider Electric, Coca Cola, GlaxoSmithKline, Citi, ABN AMRO,Deutsche Bank, Nomura, the New York Stock Exchange, Daimler Chrysler, KraftFoods, Lloyds TSB, the U.S. Department of Homeland Security, the U.S. Securitiesand Exchange Commission, NASA and the U.S. Department of Energy. Strategicreseller and OEM partners include leading companies such as BEA, BusinessObjects, Citrix, EDS, IBM, Novell, Veritas, Vignette, Supportsoft and Sybase.The company has offices worldwide. The Autonomy Group includes: Aungate, a leader in technology for Real-TimeEnterprise Governance; Virage, a leading supplier and visionary in Rich MediaManagement technology; etalk, a leading provider of enterprise-class contactcenter products, and Cardiff, a leader in content capture and business processmanagement solutions. Financial Media Contacts: Analyst and Investor Contacts: Edward Bridges/Haya Chelhot Suranga Chandratillake, Chief Executive Officer Financial Dynamics Blinkx plc +44 (0)20 7831 3113 +1 (415) 848-2986 Citi Sushovan Hussain, Chief Financial Officer Mark Fisher Autonomy Corporation plc +44 (0)20 7986 8525 +44 (0)1223 448 000 Charles Lytle +44 (0)20 7986 0519 Important Notices This announcement is not an admission document and investors should notsubscribe for or purchase any shares referred to in this announcement except onthe basis of information in the admission document (the "Admission Document")published by Blinkx plc in connection with the admission of ordinary shares(the "Ordinary Shares") in the capital of Blinkx plc to trading on the LondonStock Exchange plc's AIM market (the "Admission"). Copies of the AdmissionDocument are available from Blinkx plc's registered office. Capitalised terms used in this announcement shall have the same meaning as inthe Admission Document. The contents of this announcement, which has been prepared by and is the soleresponsibility of Autonomy, have been approved solely for the purposes ofsection 21(2)(b) of the Financial Services and Markets Act 2000 by Citi of CitiCentre, Canada Square, London E14 5LB. Citi which is regulated in the United Kingdom by the Financial ServicesAuthority, is acting exclusively for Autonomy and Blinkx in relation to theDemerger and exclusively for Blinkx as global co-ordinator, nominated adviserand bookrunner in connection with the Placing and proposed application foradmission of Blinkx's shares to trading on the AIM market of the London StockExchange plc. Citi is not acting for any other person in connection with theDemerger, the Placing and proposed application for admission to trading on AIMand will not be responsible to any other person for providing the protectionsafforded to customers of Citi, or for advising any other person in connectionwith the Demerger, the Placing and proposed application for admission to tradingon AIM. The information contained herein is not for publication or distribution in theUnited States, Canada, Australia or Japan. This announcement does not constituteor form part of an offer to sell or issue, or any solicitation of an offer tobuy or subscribe for any securities referred to herein. The securities referredto herein have not been and will not be registered under the U.S. Securities Actof 1933, as amended, (the "Act") and may not be offered or sold, directly orindirectly, in or into the United States absent registration under that Act oran available exemption from it. Neither Autonomy nor Blinkx intend to registerthe securities referred to in this announcement or conduct a public offering inthe United States. Securities in Blinkx have not been and will not be registered under theapplicable securities laws of Australia, Canada, or Japan and, absentappropriate exemptions may not be offered or sold within Australia, Canada, orJapan or to, or for the account or benefit of, citizens or residents ofAustralia, Canada, or Japan. The Placing and the distribution of this announcement and other information inconnection with the Placing in certain jurisdictions may be restricted by lawand persons into whose possession any document or other information referred toherein comes should inform themselves about and observe any such restriction.Any failure to comply with these restrictions may constitute a violation of thesecurities laws of any such jurisdiction. This announcement does not constitute or form part of any offer or invitation tosell or issue, or any solicitation of any offer to purchase or subscribe for,any securities and any purchase of or application for securities of Binkx'spursuant to the Placing should only be made on the basis of the informationcontained in the Admission Document published by Blinkx The price and value ofsecurities may go up as well as down. Persons needing advice should contact aprofessional adviser. This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identifiedby the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations orcomparable terminology. These forward-looking statements include matters thatare not historical facts and include statements regarding . Blinkx's prospects,growth, strategies and the industry. By their nature, forward-looking statements involve risk and uncertainty becausethey relate to future events and circumstances. A number of factors could causeactual results and developments to differ materially from those expressed orimplied by the forward-looking statements including, without limitation, thefactors to be described in the risk factors section of the Blinkx's AdmissionDocument. Information in this announcement or any of the documents relating to the Placingcannot be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock Exchange