Sign In
7 Apr 2009 13:26
7 April 2009
Not for release, publication or distribution in whole or in part in or into the United States, Canada, Australia, South Africa, Republic of Ireland or Japan
ELECTRONIC DATA PROCESSING PLC ("EDP" or "the Company")
Result of General Meeting and Tender Offer
At the general meeting of the Company held at 12 noon yesterday, the resolutions set out in the circular to shareholders dated 19 March 2009 ("Circular") in connection with the proposed tender offer to EDP shareholders on the Company's share register at 5.00 p.m. on 6 April 2009 ("Qualifying Shareholders") ("Tender Offer") were duly passed.
The board of EDP announces that following the closure of the Tender Offer at 1.00 p.m. on Monday 6 April 2009 a total of 13,266,361 EDP ordinary shares (representing approximately 54.1 per cent of the issued ordinary share capital of the Company and approximately 110.6 per cent. of the ordinary shares available for repurchase by the Company under the Tender Offer)) have been validly tendered under the Tender Offer, the terms of which were set out in the Circular.
The full result of the Tender Offer is as follows:
• valid tenders were received from Qualifying Shareholders in respect
of 13,266,361 EDP ordinary shares, representing approximately 54.1 per cent. of the
issued ordinary share capital of the Company;
• tenders in respect of 6,969,957 EDP ordinary shares have been accepted in full, to satisfy the
aggregate number of EDP ordinary shares tendered by Qualifying Shareholders up to
and including the Basic Amount of those Qualifying Shareholders (being approximately 48.9 per
cent. of the number of EDP ordinary shares registered in each Qualifying Shareholder's name
at 5.00 p.m. on 6 April 2009, rounded down to the nearest whole number of EDP ordinary
shares)
• Qualifying Shareholders tendering in excess of their Basic Amount will have
approximately 79.7 per cent. of their excess tenders satisfied (rounded down to the nearest
whole number of EDP ordinary shares);
• the consideration payable to Qualifying Shareholders in respect of successful tenders will be
sent by 9 April 2009.
The Tender Offer was for up to 11,991,435 EDP ordinary shares in aggregate. Qualifying Shareholders validly tendering more than their Basic Amount under the Tender Offer (the Basic Amount being approximately 48.9 per cent) are to have excess tenders satisfied pro rata to the extent that other Qualifying Shareholders tendered less than their Basic Amount. Therefore, Qualifying Shareholders who validly tendered in excess of the Basic Amount will have approximately 79.7 per cent of their excess satisfied.
The Tender Offer was conditional upon, inter alia, approval by EDP shareholders, at the general meeting held on 6 April 2009. All of the conditions relating to the Tender Offer have now been satisfied. The total number of Ordinary Shares in issue at 5.00 p.m. on 6 April 2009, the record date, was 24,522,362.
A copy of the resolutions passed at the general meeting will be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: 020 7066 1000
Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular.
Enquiries
Julian Wassell (Chief Executive)
Electronic Data Processing PLC
Tel: 0114 2622007
John Stephan
BDO Stoy Hayward LLP (Financial Adviser to the Company)
Tel: 0121 352 6200
Toby Mountford
Citigate Dewe Rogerson
020 7638 9571 m:07710 356611
BDO Stoy Hayward LLP which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company and no one else in relation to the matters described in this document and will not be responsible to any other person for the protections afforded to the clients of BDO Stoy Hayward LLP in relation to the matters referred to in this document.
Follow the stocks
