- Netcall said it is in advanced talks regarding a possible acquisition by Eckoh of its entire issued and to be issued shares on a recommended basis. Netcall shareholders would be payable with 1.25 Eckoh shares and 13p cash for each share

This would imply a value of about 63.94p for each Netcall share based on the closing mid-market share price per Eckoh share of 40.75p on 24 June 2015.

Eckoh reserves the right to introduce other forms of consideration and/or vary the proposed mix of consideration in any offer.

It is the belief of the directors of Netcall and Eckoh that the Acquisition would represent a highly complementary fit for both businesses, offering strategic and financial synergies.

Significant cost savings are anticipated to be available to the combined business from the elimination of duplicate board and public listing costs and the directors of Eckoh expect the acquisition to be earnings enhancing.

This statement does not constitute a profit forecast nor should it be interpreted to mean that the future earnings per Ordinary Share of Eckoh will necessarily match or exceed historical earnings per Ordinary Share.

There can be no certainty that any offer will ultimately be made for Netcall.

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