NDS Announces Receipt of Final Court Approval of Scheme
05 February 2009 - 3:48AM
Business Wire
NDS Group Limited (�NDS�) announced that earlier today, the High
Court of Justice in England and Wales approved the remaining
elements of the scheme of arrangement pursuant to which News
Corporation and two subsidiaries of funds advised by Permira
Advisers LLP will take NDS private. The scheme is expected to
become fully effective on February 5, 2009, upon the registration
of a copy of the court order with the Registrar of Companies in
England and Wales and the last day for trading in ADSs is expected
to be February 4, 2009.
About NDS
NDS, a privately owned company whose controlling shareholders
will, upon the scheme becoming fully effective, be News Corporation
and the Permira Newcos, supplies open end-to-end digital technology
and services to digital pay-television platform operators and
content providers. See www.nds.com for more information about
NDS.
Cautionary Statement Concerning Forward-looking
Statements
This announcement may contain certain �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management�s
views and assumptions regarding future events and business
performance as of the time the statements are made. Actual results
may differ materially from these expectations due to changes in
global economic, business, competitive market, regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in our filings with
the US Securities and Exchange Commission. Any �forward-looking
statements� included in this document are made only as of the date
of this document and we do not have any obligation, nor do we
undertake, to publicly update any �forward-looking statements� to
reflect subsequent events or circumstances, except as required by
law.
www.nds.com
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