5th Apr 2007 07:35
Eurotunnel PLC/Eurotunnel S.A.05 April 2007 5 April 2007 Immediate release AMF* confirms compliance of GET SA Offer Eurotunnel Joint Board formally recommends to EPLC and ESA shareholders to tender their shares to the offer AMF decision The AMF, at its meeting on 3 April 2007, confirmed compliance with applicablelaws and regulations of the exchange offer ("the Offer") to be launched by thenew holding company, Groupe Eurotunnel SA for Eurotunnel Units as provided forin the Safeguard Plan approved by the Paris Commercial Court on 15 January 2007. This decision includes approval of the Offer Document, under number 2007-112, on4 April 2007. The Offer Document as well as the Prospectus comprising the RegistrationDocument, the Securities Note and their respective summaries will be availableon Eurotunnel's and GET SA's websites: www.eurotunnel.com andwww.groupe-eurotunnel.com. The Registration Document relating to GET SA and its subsidiary Eurotunnel GroupUK plc (EGP) was registered by the AMF on 21 March 2007 under number i.07-021. The Securities Note relating to GET SA ordinary shares, warrants for GET SAordinary shares and the notes redeemable in GET SA ordinary shares to be issuedby EGP was approved by the AMF under number 2007-113 on 4 April 2007. The principal terms of the Offer are as follows: • The initial acceptance period runs from 10 April until 15 May 2007 inclusive ; • For each Eurotunnel Unit tendered to the Offer the holder will be entitled to: - one GET SA ordinary share and; - a warrant for GET SA ordinary shares ; • The acceptance threshold for the Offer is 60% of the outstanding Units. In addition, Unitholders are reminded that if they tender their Units to theOffer during the initial acceptance period (excluding the additional acceptanceperiod), they will have the right to subscribe in cash and within certain limitsfor notes redeemable in GET SA ordinary shares (NRS). Eurotunnel Joint Board Recommendation The Joint Board of Eurotunnel (Board of ESA and EPLC) unanimously and formallyrecommends to Unitholders that they tender their Units to the Offer launched byGET SA. The Directors have indicated that they will tender their own Units tothe Offer. The Board wishes to point out that if the Offer fails, Eurotunnel could notcontinue as a going concern and would in all likelihood face insolventliquidation. *Autorite des Marches Financiers (French market regulator) No 015/2007 For media enquiries contact The Press Office on + 44 (0) 1303 284491.Email: [email protected] For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.Email: [email protected] www.eurotunnel.com Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromtrain operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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