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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Project Telecom | LSE:PJT | London | Ordinary Share | GB0009668905 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9714P Project Telecom PLC 19 September 2003 Not for release, publication or distribution, in whole or in part, in or into Australia, Canada or Japan 19 September 2003 Project Telecom plc Board changes and delisting On 19 September 2003, Vodafone Group Plc ("Vodafone") announced that all the conditions to the recommended cash offer (the "Offer") made outside the United States by UBS Investment Bank on behalf of Vodafone, and in the United States by Vodafone itself, for the entire issued and to be issued share capital of Project Telecom plc ("Project Telecom"), as set out in the offer document relating to the Offer dated 12 August 2003, had been satisfied and, accordingly, the Offer had been declared unconditional in all respects. Project Telecom announces that, as from 19 September 2003, Andrew Davies, Edward Langston, Gavin Darby, Kenneth McGeorge and Nicholas Read have joined the board of Project Telecom. David Channing Williams, Peter Godfrey, Philip Rogerson, Richard Cunningham and Timothy Radford have resigned, as from 19 September 2003, from the board of Project Telecom. Save as disclosed in note 1 to this Announcement, there are no details that are required to be disclosed by paragraphs 16.4(a) or 6.F.2(b) to (g) of the Listing Rules of the UK Listing Authority (the "UKLA"). Application has been made by Project Telecom to the UKLA for the listing of Project Telecom shares on the Official List of the UKLA to be cancelled and to the London Stock Exchange for the cancellation of the admission to trading of Project Telecom shares on the London Stock Exchange's market for listed securities. It is anticipated that cancellation of listing and admission to trading will take effect on 17 October 2003, being 20 business days following the date the Offer was announced unconditional in all respects. For further information: Vodafone, Investor Relations Melissa Stimpson Darren Jones Tel: +44 (0) 1635 673310 Vodafone, Media Relations Bobby Leach Ben Padovan Tel: +44 (0) 1635 673310 UBS Investment Bank Warren Finegold Markus Pressdee Tel: +44 (0) 20 7567 8000 Tavistock Communications Lulu Bridges Justin Griffiths Tel: +44 (0) 20 7920 3150 Note 1: The following individual has held directorships in publicly quoted companies in the last 5 years as listed below: Name Company Date Appointed ------ --------- ---------------- Edward Langston Europolitan Vodafone AB 25 June 2002 Vodafone Libertel N.V. 6 July 2002 Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the offer document relating to the Offer dated 12 August 2003. This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities. The Offer is made solely by the Offer Document and the Form of Acceptance accompanying the Offer Document, which contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. The Offer in the United States is made solely by Vodafone and neither UBS nor any of its affiliates is making the Offer in the United States. The Offer is not being made, directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce, or any facility of a national, state or other securities exchange, of a Restricted Jurisdiction and the Offer cannot be accepted by any such use, means, instrumentality, facility or otherwise from within a Restricted Jurisdiction. Accordingly, copies of this announcement, the Offer Document, the Form of Acceptance and any accompanying documents are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send them in, into or from a Restricted Jurisdiction, use mails of a Restricted Jurisdiction or any such means, instrumentality or facility for any purpose, directly or indirectly in connection with the Offer. Doing so may render invalid any purported acceptance of the Offer. The availability of the Offer to persons who are not resident in the United Kingdom or the United States may be affected by the laws of the relevant jurisdictions. Persons who are not resident in the United Kingdom or the United States should inform themselves about and observe any applicable requirements. Further details in relation to Overseas Shareholders are contained in the Offer Document. In accordance with normal UK market practice, Vodafone or its nominees, or its brokers (acting as agents) may from time to time make certain purchases of, or arrangements to purchase, Project Telecom Shares outside the United States, other than pursuant to the Offer, during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be disclosed as required in the United Kingdom and communicated in the United States by way of an announcement by or on behalf of Vodafone. UBS is acting for Vodafone in connection with the Offer and no one else and will not be responsible to anyone other than Vodafone for providing the protections afforded to clients of UBS or for providing advice in relation to the Offer or in relation to the contents of this announcement or any transaction or arrangement referred to herein. This information is provided by RNS The company news service from the London Stock Exchange END BOADGGMLFLRGFZM
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