AGM postponed until 27 July 2006
Following recent press statements by some holders of very subordinated debt, Eurotunnel has requested that, given the Group’s current difficult situation, which has led the French auditors to initiate an Alert Procedure, they make their ideas known as soon as possible,
As a result, the Annual General Meeting, planned for 12 July, has been postponed until 27 July. It will be an Extraordinary General Meeting to address the financial restructuring.
Eurotunnel is entirely conscious of the upset that this postponement could cause to shareholders, with whom it shares dissatisfaction with the delay generated, but the Group is intent of giving every opportunity of success to the consensual restructuring process
Eurotunnel manages the infrastructure of the Channel Tunnel and operates accompanied truck shuttle and passenger shuttle (car and coach) services between Folkestone, UK and Calais, France. Eurotunnel also earns toll revenue from train operators (Eurostar for rail passengers, and EWS and SNCF for rail freight) which use the Tunnel. Eurotunnel is quoted in London, Paris and Brussels.