Dealertrack Issues Update On Incadea Deal - Quick Facts

(RTTNews) - The Board of Dealertrack Technologies (TRAK) announced that the Acceptance Condition, for the cash offer made by the company for the entire issued and to be issued share capital of incadea (INCA.L), has been satisfied and all of the other conditions to the offer have now been satisfied or waived. Accordingly, the offer is unconditional in all respects.

On 18 December 2014, the Boards of Dealertrack and incadea announced that they had reached agreement on the terms of a recommended cash offer. As at 1.00 p.m. on 9 January 2015, valid acceptances of the offer had been received in respect of 61,192,228 incadea Shares (representing approximately 98.13 per cent of the issued share capital of incadea).

Dealertrack said it intends to procure that incadea applies to AIM for the cancellation of trading in incadea Shares on AIM. Following such cancellation, Dealertrack also intends to procure that incadea re-registers from a public limited company to a private limited company.