TeliaSonera controls 88 per cent of TEO LT
- 2012-07-02 07:42 UTC
NOT TO BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ITALY
The takeover bid is not being made in the United States of America, Canada, Australia, Japan or Italy. Copies of these materials are not being made and may not be distributed or sent into the United States, Canada, Australia, Japan or Italy.
The takeover bid is made in accordance with the laws of the Republic of Lithuania and is not subject to any filing with, or approval by, any foreign regulatory authority. TeliaSonera submitted takeover bid application package to the Bank of Lithuania and launched the takeover bid following the approval of the Takeover Bid Circular.
This information does not constitute, or form part of, any offer or invitation to sell, or any solicitation of any offer to purchase any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of or be relied on in connection with, any contract therefore.
The takeover bid is not being made and will not be made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, Canada, Australia, Japan or Italy.
This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone and the Internet. Accordingly, copies of these documents and any related takeover bid documents are not being, and must not be, mailed or otherwise transmitted, distributed or forwarded in or into the United States of America, Canada, Australia, Japan or Italy.
Any purported acceptance of the takeover bid resulting directly or indirectly from a violation of these restrictions will be invalid. No securities or other consideration is being solicited and if sent in response by a resident of the United States of America, Canada, Australia, Japan or Italy will not be accepted.
No indications of interest in the takeover bid are sought by these materials.
The release, publication or distribution of this information in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this information is released, published or distributed should inform themselves about and observe such restrictions.
Receipt of this information will not constitute a takeover bid in those jurisdictions in which it would be illegal to make the takeover bid and in such circumstances it will be deemed to have been sent for information purposes only. Persons receiving this document or any other related documents (including custodians, nominees and trustees) should observe these restrictions and must not send or distribute this document in or into the United States of America Canada, Australia, Japan or Italy. Doing so may render invalid any purported acceptance.
By clicking “Yes, I accept” below, you acknowledge that you are not a resident of the United States, Canada, Australia, Japan or Italy and are not physically present in the United States, Canada, Australia, Japan or Italy.
Following the completion of the voluntary takeover bid and open market purchases, TeliaSonera acquired 93.2 million shares of TEO LT and increased its ownership in the company from 68.29 in the beginning of May, 2012, to 88.15 per cent currently (including shares, acquired from East Capital). Total value of the purchases amounted to EUR 59.3 million.
Following the agreement with East Capital to acquire 7.87 per cent of TEO LT on May 7, the voluntary takeover bid was launched on June 5 and expired on June 29. The takeover bid price was EUR 0.637 per share in cash. 12.7 million shares were submitted into the offer, 80.4 million shares were acquired in the open market at the same price of EUR 0.637 during the period from May 8 to June 29.
“The effort was very successful and it is a significant achievement in implementation of the strategy to increase the ownership in our core holdings. We succeeded to boost our ownership in TEO LT by almost 20 percentage points. Vast majority of institutional investors have decided to accept our offer and it is obvious, that the role of TEO in the stock exchange will be different henceforth, but we intend to keep the company listed as long as the free-float is reasonable”, Per-Arne Blomquist, Executive Vice President and CFO of TeliaSonera, said.
The settlement of all sell orders placed into the takeover bid will take place on Wednesday, July 4, 2012.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 08,30 A:M. CET on July 2, 2012.
For more information, please call the TeliaSonera press office + 46-771 77 58 30, firstname.lastname@example.org
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.