Offer Document Posted
BT Group PLC
09 February 2004
BT GROUP PLC
OFFER FOR TRANSCOMM PLC
Not for release, publication or distribution in or into the USA, Canada or
Japan.
FOR IMMEDIATE RELEASE
9 February 2004
British Telecommunications plc
Recommended Cash Offer
for
Transcomm plc ("Transcomm")
In connection with the announcement made on 23 January 2004 that agreement had
been reached on the terms of a recommended cash offer to be made by British
Telecommunications plc, a wholly owned subsidiary of BT Group plc ("BT"), to
acquire the entire issued and to be issued share capital of Transcomm, BT
announces that the Offer Document and Form of Acceptance relating to the Offer
were posted to Transcomm Shareholders on 7 February 2004.
The Offer will be open for acceptances until 3.00 p.m. on 1 March 2004. Certain
terms used in this announcement are defined in the Offer Document.
Enquiries:
BT
Mike Bartlett, BT Newsroom 07753 949108
Jon Carter, BT Retail Press Office 020 7356 4523
PricewaterhouseCoopers, which is authorised and regulated in the United Kingdom
by the Financial Services Authority for designated investment business, is
acting exclusively for BT Group plc and British Telecommunications plc and for
no one else in relation to the Offer and will not be responsible to anyone other
than BT Group plc and British Telecommunications plc for providing the
protections afforded to clients of PricewaterhouseCoopers or for giving advice
in relation to the Offer or any other matter referred to in this document.
The Offer is not being made, directly or indirectly, in or into, or by use of
the mails of, or by any means or instrumentality (including, without limitation,
electronic mail, facsimile transmission, telex or telephone) or interstate or
foreign commerce of, or any facilities of a national securities exchange of, the
USA, or in or into Canada or Japan, and, subject to certain exceptions, the
Offer will not be capable of acceptance by any such use, means or
instrumentality or facilities or from or within the USA, Canada or Japan.
Accordingly, copies of this announcement are not being, and must not be, mailed
or otherwise forwarded, transmitted, distributed or sent in, into or from the
USA, Canada or Japan. Doing so may render invalid any purported acceptance of
the Offer. Any person (including, without limitation, nominees, trustees or
custodians) who are overseas persons or who would, or otherwise intend to,
forward this announcement to any jurisdiction outside the United Kingdom or to
overseas persons should seek appropriate professional advice before taking any
action.
This information is provided by RNS
The company news service from the London Stock Exchange