TAVA TECHNOLOGIES INC
8-K, 1999-07-20
ELECTRICAL INDUSTRIAL APPARATUS
Previous: SMITH BARNEY WORLD FUNDS INC, N-30D, 1999-07-20
Next: UNION NATIONAL FINANCIAL CORP / PA, S-3DPOS, 1999-07-20



<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                  July 19, 1999
                                 ---------------
                                 Date of Report
                        (Date of Earliest Event Reported)


                             TAVA TECHNOLOGIES, INC.
                             -----------------------
             (Exact name of Registrant as specified in its charter)


           Colorado                       0-19167                 84-1042227
- --------------------------------        -------------          -----------------
(State or other jurisdiction of         (Commission            (I.R.S. Employer
 incorporation or organization)           File No.)               I. D. Number)


   7887 E. Belleview Avenue, Suite 820
             Englewood, Colorado                                     80111
- ----------------------------------------                         ---------------
(Address of principal executive offices)                            (zip code)

                 (303)  771-9794
    --------------------------------------------
(Registrant's telephone number, including area code)



<PAGE>

Item 5.  Other Events.

         On July 19, 1999 the Company announced material business  developments.
The Company's Press Release dated July 19, 1999,  which is filed as Exhibit 20.1
hereto, is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits.

         (a)      Not applicable

         (b)      Not applicable

         (c) Exhibits. The following exhibit is filed with this Report:

                  20.1     Press Release dated July 19, 1999



                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                        TAVA Technologies, Inc.



Date: July 19, 1999                     By: /s/ John Jenkins
                                           ------------------------------------
                                            John  Jenkins,  President and CEO



<PAGE>
                                                            Exhibit 20.1
                                                           PRESS RELEASE


FOR IMMEDIATE RELEASE
July 19, 1999

                     TAVA TECHNOLOGIES SHAREHOLDERS APPROVE
                         ACQUISITION BY REAL SOFTWARE NV

ENGLEWOOD,  Colo., July 19, 1999 -- TAVA Technologies,  Inc. (Nasdaq:  TAVA) and
Real Software Group NV ("Real Software")  announced today that TAVA shareholders
approved the Agreement and Plan of Reorganization pursuant to which TAVA will be
acquired  by a  wholly-owned  subsidiary  of  Real  Software  in a  cash  merger
transaction  for $8.00 per share (the  "Merger").  Of votes  cast,  the ratio in
favor of the Merger was approximately 10 to 1.

The parties have set Thursday,  July 22, 1999 as the closing date for the Merger
and Friday,  July 23,  1999,  as the  Effective  Date.  Holders of record on the
Effective  Date  will be  entitled  to  exchange  TAVA  shares  for  the  Merger
Consideration  of $8.00 cash per share.  As of the Effective  Date,  TAVA shares
will no longer be publicly traded and will be de-listed from NASDAQ.

TAVA's Transfer Agent,  American  Securities  Transfer & Trust, Inc.,  Lakewood,
Colorado,  will act as Paying Agent, and will mail to all shareholders of record
on the  Effective  Date a  letter  of  transmittal  and  instructions  on how to
exchange outstanding TAVA shares for the Merger  Consideration.  On or after the
Effective Date, for information call Theresa Henshaw, (303) 984-4052.

Real Software,  an IT services and products  company,  is publicly traded on the
Brussels Stock  Exchange.  Real Software  provides a  comprehensive  range of IT
services to clients in Europe,  Asia and the U.S.  through its group of internal
business units and more than 20 subsidiary operations. Its interests in the U.S.
include The INC Group, Inc., an ERP consulting and implementation  company. Real
Software's strategy is to address clients as a single point solution provider of
all their IT needs, from E-commerce to shop floor maintenance management.

TAVA  will  operate  as a  subsidiary  of Real and will  continue  to serve  its
industrial clients as before the Merger.


Contact:
Scott Liolios, Pacific Consulting Group
(949) 574-3860



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission