REDWOOD CITY, Calif.,
May 7, 2015 /PRNewswire/
-- Equinix, Inc. ("Equinix") notes the recent
announcement by TelecityGroup plc ("TelecityGroup"). Equinix
confirms that it is in preliminary discussions with the Board of
TelecityGroup regarding a possible cash and share offer for
TelecityGroup.
The Board of Equinix believes that this opportunity represents
attractive shareholder value creation potential for Equinix,
complementing and extending Equinix's geographic footprint in
Europe and enabling increased
network and cloud density to better serve customers. In the
United Kingdom, the acquisition of
TelecityGroup would add capacity in Central London and Docklands that would
complement the focus of Equinix's current operations in Slough.
Additionally, the acquisition would add capacity in several of
Equinix's current locations throughout Europe, and extend Equinix's footprint into
new locations with identified cloud and interconnection needs
including Dublin, Helsinki, Istanbul, Milan, Stockholm and Warsaw.
In addition, the Board of Equinix believes that a potential
transaction with TelecityGroup would create a more compelling
combination than the proposed merger with Interxion Holding N.V.
and would deliver greater value for TelecityGroup shareholders.
In accordance with Rule 2.6(a) of the Code, Equinix must, by not
later than 5.00 p.m. on June 4, 2015, either announce a firm intention to
make an offer for TelecityGroup in accordance with Rule 2.7 of the
Code or announce that it does not intend to make an offer, in which
case the announcement will be treated as a statement to which Rule
2.8 of the Code applies. This deadline will only be extended with
the consent of the Takeover Panel (the "Panel") in accordance with
Rule 2.6(c) of the Code.
This announcement does not amount to a firm intention to make an
offer and accordingly, there can be no certainty that any offer
will be made, nor as to the terms on which any offer would be made.
A further announcement will be made as appropriate.
In accordance with Rule 2.10 of the Code, Equinix confirms that
as at the date of this announcement, it has in issue 56,923,183
shares of $0.001 nominal value each.
The International Securities Identification Number (ISIN) of the
shares is US29444U7000.
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available on Equinix's website at
www.equinix.com.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading
businesses to their customers, employees and partners inside the
most interconnected data centers. In 33 markets across five
continents, Equinix is where companies come together to realize new
opportunities and accelerate their business, IT and cloud
strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, whether or not an offer to TelecityGroup will
be made or, if made, whether it will be accepted; the terms of, and
financing for, any such offer, the challenges of acquiring,
operating and constructing IBX centers and developing, deploying
and delivering Equinix services; unanticipated costs or
difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive
significant revenue from customers in recently built out or
acquired data centers; failure to complete any financing
arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key
customers; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In particular,
see Equinix's recent quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available
upon request from Equinix. Equinix does not assume any obligation
to update the forward-looking information contained in this press
release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix,
Inc.
J.P. Morgan Securities LLC ("J.P. Morgan"), together with its
affiliate J.P. Morgan Limited (which is authorised and regulated in
the United Kingdom by the
Financial Conduct Authority) is acting as financial adviser
exclusively for Equinix and no one else in connection with the
matters set out in this announcement and will not regard any other
person as its client in relation to the matters in this
announcement and will not be responsible to anyone other than
Equinix for providing the protections afforded to clients of J.P.
Morgan or its affiliates, nor for providing advice in relation to
any matter referred to herein.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day
following the commencement of the offer period and, if appropriate,
by no later than 3.30 pm
(London time) on the 10th business
day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the
relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening
Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror, save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm
(London time) on the business day
following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
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SOURCE Equinix, Inc.