Offer Update
June 21 2007 - 6:01AM
UK Regulatory
RNS Number:7658Y
Groupe Eurotunnel SA
21 June 2007
21 June 2007
Immediate release
Final results of Exchange Tender Offer
Settlement of Groupe Eurotunnel SA (GET SA) shares on 28 June 2007
Initial listing of GET SA Shares on Monday 02 July 2007
The AMF has published the final results of the Exchange Tender Offer made by GET
SA for Eurotunnel PLC/Eurotunnel SA Units. In total, 2.368.864.450 Units
representing 93,04% of the share capital of these two companies have been
tendered. As a result, the total number of GET SA warrants to be issued as part
of the implementation of the Eurotunnel Safeguard Plan will be 4.307.026.273.
The settlement of the Offer, along with the debt restructuring and almost all
the steps to implement the Eurotunnel Safeguard Plan will occur on 28 June 2007.
Nonetheless, given the complexity of the steps necessary to complete the
implementation, some may, for purely practical reasons, not be concluded until
29 June 2007.
As a result, GET SA has requested from Euronext, who has accepted, that the
initial listing of its shares and warrants, and that of the Notes Redeemable for
Shares in GET SA to be issued by its subsidiary EGP, should take place on 2 July
2007.
In addition, in accordance with the Safeguard Plan, GET SA will carry out a
consolidation of its shares at a ratio of 1:40 by the end of 2007.
Jacques Gounon, Chairman and Chief Executive said, "I extend my warmest thanks
to shareholders for the massive support that they have given to the Safeguard
Plan. The share consolidation will give a share value which should be much more
representative of the new Eurotunnel, which is now in place and able to
concentrate fully on its development".
No GET 07/2007
For media enquiries contact on + 44 (0) 1303 284491
Email: press@eurotunnel.com
For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.
Email: michael.schuller@eurotunnel.com
www.groupe-eurotunnel.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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