Information  X 
Enter a valid email address

Thomson Travel Grp. (TRV)

  Print          Annual reports

Thursday 06 July, 2000

Thomson Travel Grp.

Offer Update

Thomson Travel Group PLC
6 July 2000


Not for release, publication or distribution in or into the United States of
America.


Recommended Cash Offer by Goldman Sachs International on behalf of 
Preussag AG for Thomson Travel Group plc

OFFER EXTENDED TO 19 JULY 2000

The Board of Preussag announces that, as at 3.00 p.m. on Wednesday 5 July
2000, being the first closing date of the recommended cash offer for Thomson
Travel Group, valid acceptances of the Offer had been received in respect of a
total of 492,723,597 Thomson Travel Group Shares, representing approximately
49.3 per cent. of the issued share capital of Thomson Travel Group. This
includes acceptances received pursuant to irrevocable undertakings from the
Directors and certain institutional shareholders of Thomson Travel Group in
respect of, in aggregate, 253,618,357 Thomson Travel Group Shares,
representing approximately 25.4 per cent. of the issued share capital of
Thomson Travel Group. 

In addition, during the Offer Period, Preussag has acquired 199,001,176
Thomson Travel Group Shares, representing approximately 19.9 per cent. of the
issued share capital of Thomson Travel Group. Accordingly, Preussag either
owns or has received acceptances in respect of approximately 691,724,773
Thomson Travel Group Shares, representing approximately 69.2 per cent. of the
issued share capital of Thomson Travel Group.

Save as disclosed above, neither Preussag nor any person deemed to be acting
in concert with Preussag held any Thomson Travel Group Shares or rights over
Thomson Travel Group Shares prior to the commencement of the Offer Period on 4
April 2000, or has either acquired or agreed to acquire any Thomson Travel
Group Shares or rights over Thomson Travel Group Shares since then.

The Board of Preussag announces that the Offer has been extended and will
remain open for acceptance until 3.00 p.m. on 19 July 2000. Thomson Travel
Group Shareholders who wish to accept the Offer but have not already done so,
should do so as soon as possible.

Terms defined in the Offer Document dated 14 June 2000 have the same meaning
in this announcement unless the context otherwise requires.

Enquiries:

Preussag AG

Dr. Susanne Knorre               +49 511 566 1326 

Goldman Sachs International 

Nigel Robinson               +44 207 774 1000


The Offer is not being made, directly or indirectly, in, or into, or by use of
the mails of, or any means or instrumentality (including, without limitation,
facsimile transmission, e-mail, telex or telephone) of interstate or foreign
commerce of or any facilities of a national securities exchange of, the United
States and the Offer is not capable of acceptance by such use, means,
instrumentality or facilities. 

Goldman Sachs International, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting exclusively for Preussag
and for no one else in connection with the Offer and will not be responsible
to anyone other than Preussag for providing the protections afforded to
customers of Goldman Sachs International or for giving advice in relation to
the Offer or any matters referred to herein.
 
The Directors of Preussag accept responsibility for the information contained
in this announcement and, to the best of their knowledge and belief (have
taken all reasonable care to ensure that such is the case), the information
contained in this advertisement is in accordance with the facts and does not
omit anything likely to affect the import of such information.

The contents of this announcement, which have been prepared by and are the
sole responsibility of Preussag, have been approved by Goldman Sachs
International for the sole purposes of section 57 of the Financial Services
Act 1986. 



                                                                                
                                                                                
                                                                   

a d v e r t i s e m e n t