RNS Number:3325X
Eurotunnel PLC/Eurotunnel S.A.
29 May 2007



Tuesday 29 May 2007

Immediate release


                 Share trading for EPLC/ESA Units to recommence


Following the publication of the provisional results of the Exchange Tender
Offer initiated by Groupe Eurotunnel SA (GET SA) for the units composed of one
share in Eurotunnel SA and one share in Eurotunnel PLC, the British and French
market authorities, the Financial Services Authority (FSA) and the Authorite des
marches financiers (AMF) have decided that trading in the Units can recommence
from 29 May 2007.


Unit holders who have not yet tendered their units to the offer are reminded
that, given the scale of the success of the offer they will, at the completion
of the offer be only a small minority in ESA and EPLC.

Furthermore, as outlined in the Prospectus validated by the AMF, operations to
recapitalize these companies will be launched very shortly at the completion of
which the percentage of capital in Eurotunnel SA and Eurotunnel PLC held by the
Unit holders who have not tendered their units to the offer will be below 5%. It
is therefore likely that, upon completion of the reorganisation, the market for
the Units will no longer comply with the demands of liquidity necessary for the
Eurolist by Euronext market or for the Official list of the United Kingdom
Listing Authority.  The units could therefore, in accordance with regulations
applicable in the country concerned, be removed from trading.


Shareholders who did not tender their units to the offer during the initial
acceptance period will have the opportunity to do so during the reopening of the
period, the date of which will be decided and made public in the near future by
the AMF.


At the same time, it should be noted that shares tendered to the Offer can no
longer be exchanged. The new shares in Groupe Eurotunnel SA together with the
warrants for shares issued as part of the Offer will be the object, after the
completion of the formalities relating to the implementation of the Safeguard
Plan, of a settlement dated 28 June 2007. They will be admitted to trading on
Eurolist by Euronext in Paris and on the London Stock Exchange immediately.
Given the above, it is likely that the share price of Eurotunnel Units and GET
SA shares will not be the same after this settlement date and that the evolution
of the share price of Eurotunnel Units from the introduction to trading of GET
SA shares will in all likelihood not correlate with that of the shares in GET
SA.


The terms of the Offer and of the reorganisation of Eurotunnel are set out in
the Offer Document approved by the AMF on 4 April 2007 under number 2007-112 and
in the Prospectus (comprised of the Registration Document  registered on 21
March 2007 by the AMF under number i.07-021 and of the Securities Note approved
by the AMF on 4 April 2007 under number 2007-113).


These documents can be viewed on the following websites:

www.groupe-eurotunnel.com (also available from Eurotunnel's website:

www.eurotunnel.com) and www.amf-france.org.They are also available free of
charge at the registered office of the company.


The attention of the public is drawn in particular on the risks factors
described in the Prospectus.


No 023/2007


For media enquiries contact on + 44 (0) 1303 284491

Email: press@eurotunnel.com


For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.

Email: michael.schuller@eurotunnel.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

SRSKKLBLDEBXBBB
Eutelsat Communications (LSE:ETL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Eutelsat Communications.
Eutelsat Communications (LSE:ETL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Eutelsat Communications.