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ANT plc Shareholders Approve Acquisition

OTTAWA, Jan. 11, 2013 /CNW/ - Espial((R)) Group Inc. ("Espial" or the 
"Company"), (TSX: ESP), a leader in on-demand TV software and solutions, today 
announced that the shareholders of ANT plc ("ANT") approved the acquisition of 
Ant by Espial. 
Closing of the transaction remains conditional on the satisfaction or waiver 
of certain remaining regulatory conditions including the sanction of the 
acquisition by the Court. The dates of the Court hearings to sanction the 
acquisition are expected to be January 30, 2013 and February 1, 2013. If 
approved by the Court, the transaction is expected to become effective on 
February 4, 2013. 
Background 
On November 30, 2012 Espial announced that it had entered into a co-operation 
agreement pursuant to which Espial offered to acquire all of the outstanding 
shares of ANT plc ("ANT") in exchange for all cash consideration of £0.205 
per outstanding share. The Offer values the issued ordinary share capital of 
ANT at approximately £5 million. 
ANT, headquartered in Cambridge UK, provides IP, Hybrid and Connected TV 
products and services. Their customers include major TV manufacturers, set-top 
box vendors, broadcasters and service providers. ANT has successfully 
deployed its high performance software featuring rich HTML5 user experiences 
across set-top boxes, tablets and smart phones. In addition, ANT has built 
significant industry thought leadership through standards initiatives where, 
for example, they are a founding member of HbbTV which is Europe's leading 
HTML5-based hybrid broadcast broadband TV standard. 
Readers are cautioned that the proposed acquisition is subject to sanction by 
the Court, and various other customary closing conditions. There can be no 
assurance that the proposed transaction will be completed on the terms 
described in this press release, on the expected timeline or at all. 
# # # 
About Espial 
Espial is a leading supplier of digital TV and IPTV software and solutions to 
cable MSOs and telecommunications operators as well as consumer electronics 
manufacturers. Espial's middleware, video-on-demand, and browser products 
power a diverse range of pay-TV and Internet TV business models. Over 10 
million licenses of its patented software are in use across the world. Espial 
is headquartered in Ottawa, Canada and has offices in the United States, 
Europe, and Asia. Visit www.espial.com or contact via phone at +1 613 230 4770. 
About ANT 
ANT plc (www.antplc.com) develops and deploys embedded software solutions and 
services for the TV industry. Its Galio Suite, a browser, client and 
applications stack, is an open standards based, flexible application & 
middleware solution for a wide range of consumer TV platforms. Using its 
experience of TV, ANT provides powerful solutions to its customers by 
combining consultancy and engineering services with its highly capable 
platform products. 
ANT's software has been extensively deployed by customers throughout the world 
including ADB, Amino, Bouygues Telecom, Cisco, Chunghwa Telecom, Coship, 
HwaCom, France Telecom, Humax, Pirelli, Sagemcom, Samsung, Technicolour, 
Telecom Italia and YouSee. ANT plc's shares are listed on AIM, a London Stock 
Exchange regulated market, under the ticker ANTP (Reuters: ANTP.L, Bloomberg: 
ANTP.LN). 
Forward Looking Information 
This press release contains information that is forward looking information 
with respect to Espial within the meaning of Section 138.4(9) of the Ontario 
Securities Act (forward looking statements) and other applicable securities 
laws. In some cases, forward-looking information can be identified by the use 
of terms such as "may", "will", "should", "expect", "plan", "anticipate", 
"believe", "intend", "estimate", "predict", "potential", "continue" or the 
negative of these terms or other similar expressions concerning matters that 
are not historical facts. In particular, statements or assumptions about the 
completion of the proposed acquisition of ANT and the timing thereof, the 
anticipated synergies of such acquisition, economic conditions, benefits of 
new customer and partner relationships, future opportunities for the company 
and products and any other statements regarding Espial's objectives (and 
strategies to achieve such objectives), future expectations, beliefs, goals or 
prospects are or involve forward-looking information. 
Forward-looking information is based on certain factors and assumptions. While 
the company considers these assumptions to be reasonable based on information 
currently available to it, they may prove to be incorrect. Forward-looking 
information, by its nature necessarily involves known and unknown risks and 
uncertainties. A number of factors could cause actual results to differ 
materially from those in the forward-looking statements or could cause our 
current objectives and strategies to change, including but not limited to the 
satisfaction of all closing conditions in respect of the proposed acquisition, 
Espial's ability to successful integrate ANT's operations into its existing 
operations, changing conditions and other risks associated with the on-demand 
TV software industry and the market segments in which Espial operates, 
competition, Espial's ability to effectively develop its distribution channels 
and generate increased demand for its products, economic conditions, 
technological change, unanticipated changes in our costs, regulatory 
changes, litigation, the emergence of new opportunities, many of which are 
beyond our control and current expectation or knowledge. 
Additional risks and uncertainties affecting Espial can be found in 
Management's Discussion and Analysis of Results of Operations and Financial 
Condition for the fiscal year ended December 31, 2011 filed on SEDAR at 
www.sedar.com. If any of these risks or uncertainties were to materialize, or 
if the factors and assumptions underlying the forward-looking information were 
to prove incorrect, actual results could vary materially from those that are 
expressed or implied by the forward-looking information contained herein and 
our current objectives or strategies may change. Espial assumes no obligation 
to update or revise any forward looking statements, whether as a result of new 
information, future events or otherwise, except as required by law. Readers 
are cautioned not to place undue reliance on these forward-looking statements 
that speak only as of the date hereof. 
Agency Contact: Netra Ghosh 202 Communications Tel: +1 801 349 2840 
Email:netra@202comms.com  Espial Contacts: Kirk Edwardson Director of 
Marketing Tel: +1 613 301 3423 Email:kedwardson@espial.com  Carl Smith CFO 
Tel: +1.613.230.4770   
SOURCE: ESPIAL GROUP 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/11/c5331.html 
CO: ESPIAL GROUP
ST: Ontario
NI: SOF INTERNET TVNEWS MNA ECO  
-0- Jan/11/2013 14:29 GMT
 
 
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