9th Sep 2009 18:09
This press release is not an offer for sale within the United States of any security of Thomas Cook Group plc or any of its affiliates. Securities of Thomas Cook Group plc may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws
9 September 2009
Thomas Cook Group plc
Placing of Arcandor's stake in Thomas Cook
The Board of Thomas Cook Group plc notes the announcement by Bayern LB, Commerzbank and RBS, the Mandated Lead Arrangers regarding their placing of shares in Thomas Cook Group plc held by Arcandor AG and its subsidiaries.
Upon completion of the placing, the Relationship Agreement between the Company and Arcandor will be terminated and Dr. Eick will resign as a Director and Chairman of the Board. Michael Beckett, currently Non-Executive Deputy Chairman, will become Non-Executive Chairman.
The Company most recently commented on its current trading in its Interim Management Statement released on 13 August 2009. Trading has continued in line with that statement and the Board has not changed its view of the outlook for the Company.
Enquiries
Thomas Cook
Manny Fontenla-Novoa CEO
Ludger Heuberg Acting CFO
Jill Sherratt Investor Relations Director +44 (0) 20 7557 6412
John Woodman Investor Relations +44 (0) 20 7557 6413
Brunswick
Nina Coad +44 (0)20 7404 5959
Fiona Mulcahy
Credit Suisse (Financial Advisor to Thomas Cook)Simon Taurins +44 (0)20 7888 8014
Notes to Editors
Michael Beckett is currently Non-Executive Deputy Chairman and Senior Independent Director. Michael has been on the Board of Thomas Cook Group plc since March 2007, and prior to that he was Chairman of MyTravel between 2004 and 2007.
Related Shares:
Thomas Cook