26th Jul 2006 12:12
Yell Group plc26 July 2006 July 26, 2006 YELL OFFER FOR TPI CLOSES WITH 94.25% ACCEPTANCES • Offer to complete end July • Yell plans to delist TPI Yell Group plc ("Yell") today confirms that its Offer for Telefonica Publicidade Informacion S.A. ("TPI") successfully closed on Monday 24 July withacceptances from shareholders representing 340,247,402 TPI shares, 94.25% ofTPI's total issued share capital. The Offer will now formally complete on Monday31 July, following which Yell will take steps to move to the de-listing of TPIas a quoted public company in Spain. Ends Enquiries Yell - Investors:Jill SherrattTel +44 (0) 118 950 6984Mobile +44 (0) 7764 879 808 Yell - MediaJon SalmonTel +44 (0) 119 950 6656Mobile +44 (0) 7801 977 340 Citigate Dewe RogersonAnthony CarlisleTel +44 (0) 20 7638 9571Mobile +44 (0) 7973 611 888 NOTES TO EDITORS TPI TPI is a substantial and complementary extension to Yell's existing business,adding a third leg to its highly successful operations in the UK and the US. Yell's Offer was for €8.50 per TPI share, valuing TPI's total issued equity at€3,069M (£2,125M). YELL GROUP Yell is an international directories business operating in the classifiedadvertising market through printed, online and telephone-based media. In the year ended March, 2006, Yell published 113 directories in the UnitedKingdom and 835 in the United States. In the United Kingdom, where it is aleading player in the classified advertising market, it served 462,000 uniqueadvertisers. In the United States, where it is the leading independentdirectories business, it served 622,000 unique advertisers. Yell's brands in the United Kingdom are Yellow Pages, Business Pages, Yell.comand 118 247, and in the United States are Yellow Book and Yellowbook.com, all ofwhich are trademarks. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HIBU.L