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”.