1st Jul 2005 08:42
Telefonica SA01 July 2005 PRESS RELEASE 30/06/2005 TELEFONICA SUBMITS FOR APPROVAL A MANDATORY TENDER OFFER OVER CESKYTELECOM'S FREE FLOAT AT CZK 456.000 PER SHARE Madrid, 30th June, 20005.- In accordance with Czech law on mandatory offers,Telefonica has submitted today to the Czech Securities Commission for itsapproval a mandatory tender offer on 48.9% of the shares of Cesky Telecom.Telefonica has the obligation to launch such a tender offer following theacquisition of a 51.1% stake in the company on June 16th. The price proposed by Telefonica, as set forth in the draft bid document,amounts to CZK 456.000 for each share in Cesky Telecom, to be paid in cash. The proposed tender offer is subject to approval from the Czech SecuritiesCommission and shall be published after such approval has been granted. For further informationPress OfficeGran Via, 28- 3a planta28013 MadridTfno. + 34 91 584 09 20Fax: + 34 91 532 71 18e-mail: [email protected]://www.telefonica.es/saladeprensa This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TDE.L