The Board of SDL PLC announced proposals to acquire for a maximum aggregate consideration of $60.0 million, certain intellectual property in TRADOS and all of the outstanding issued shares of TRADOS. This includes $7.8 million for intellectual property, $52.2 million for the outstanding shares in TRADOS which include a $7.8 million TRADOS Management Incentive Plan. The above transactions will be satisfied by a cash consideration of $50 million to be funded from new bank facilities and the balance from the existing cash resources of the Company and by the issue of Ordinary Shares in SDL with a value of up to $10.0 million. The acquisition is conditional upon the approval of SDL Shareholders at an Extraordinary General Meeting to be convened for this purpose. By combining the technology, R&D, customer relationships and sales and marketing capabilities, the Enlarged Group will offer a stronger and more competitive offering in the Global Information Management (“GIM”) market. The Directors believe that the Enlarged Group will have an increased market presence and the Enlarged Group will be better placed to serve the GIM market.,