Offer Update
December 09 2010 - 2:00AM
UK Regulatory
TIDMNPN TIDMDDT
RNS Number : 6515X
Nippon Telegraph and Telephone Corp
09 December 2010
Not for release, publication or distribution, in whole or part, in, into or from
any jurisdiction where to do so would constitute a violation of the relevant
laws in that jurisdiction
9 December 2010
Recommended Cash Offer
for
Dimension Data Holdings plc ("Dimension Data")
by
Nippon Telegraph and Telephone Corporation ("NTT")
Completion of Compulsory Acquisition and Delisting
NTT announces that the six week period connected with the compulsory acquisition
of the Dimension Data Shares has now expired and that, accordingly, it is now in
the process of acquiring all of the Dimension Data Shares in respect of which
valid acceptances had not been tendered in the Offer. NTT expects the process to
be completed by 13 December 2010.
NTT confirms that delisting of the Dimension Data Shares will take place with
effect from 14 December 2010.
Defined terms used but not defined in this announcement have the same meanings
as in the Offer Document.
- Ends -
For further information:
+----------------------------------------+----------------------+
| NTT - Global Business Strategy Office | Telephone: +81 3 |
| | 5205 5191 |
+----------------------------------------+----------------------+
| | |
+----------------------------------------+----------------------+
| Morgan Stanley | |
| (Financial Adviser to NTT) | |
+----------------------------------------+----------------------+
| Laurence Hopkins (London) | Telephone: +44 20 |
| | 7425 8000 |
+----------------------------------------+----------------------+
| Hironobu Wakabayashi (Tokyo) | Telephone: +81 3 |
| | 5424 5000 |
+----------------------------------------+----------------------+
| Risana Zitha (Johannesburg) | Telephone: +27 11 |
| | 587 0800 |
+----------------------------------------+----------------------+
| | |
+----------------------------------------+----------------------+
| Dimension Data | |
+----------------------------------------+----------------------+
| Patrick Quarmby | Telephone: +27 11 |
| | 575 0000 |
+----------------------------------------+----------------------+
| David Sherriffs | Telephone: +27 11 |
| | 575 0000 |
+----------------------------------------+----------------------+
| | |
+----------------------------------------+----------------------+
| J.P. Morgan Cazenove | |
| (Financial Adviser and Corporate | |
| Broker to Dimension Data) | |
+----------------------------------------+----------------------+
| Michael Wentworth-Stanley (London) | Telephone: +44 20 |
| | 7588 2828 |
+----------------------------------------+----------------------+
| David Harvey-Evers (London) | Telephone: +44 20 |
| | 7588 2828 |
+----------------------------------------+----------------------+
| Grant Tidbury (Johannesburg) | Telephone: +27 11 |
| | 507 0300 |
+----------------------------------------+----------------------+
Mitsubishi UFJ Morgan Stanley Securities Co. Ltd, Morgan Stanley & Co. Limited
and Morgan Stanley South Africa (Proprietary) Limited (together, "Morgan
Stanley") are acting as exclusive financial advisers to NTT and no one else in
connection with the Offer and will not be responsible to anyone other than NTT
for providing the protections afforded to clients of Morgan Stanley nor for
providing advice in connection with the Offer, the contents of this announcement
or any matter referred to herein.
J.P. Morgan plc, which conducts its UK investment banking business as J.P.
Morgan Cazenove and which is authorised and regulated by the UK Financial
Services Authority, is acting for Dimension Data and no-one else in connection
with the Offer and this document and will not be responsible to anyone other
than Dimension Data for providing the protections afforded to clients of J.P.
Morgan plc or for providing advice in relation to the Offer, the contents of
this announcement or any matter referred to in this document.
The Offer will be made in the United States in reliance on, and compliance with,
Section 14(e) of the Exchange Act and Regulation 14E thereunder. The Offer will
not be extended to, and may not be accepted by, holders of Dimension Data's
American Depositary Receipts.
The Offer relates to the shares of a UK company and will be governed by English
law. The Offer will primarily be subject to the disclosure requirements and
practices applicable in the UK to takeover offers, which may differ from the
disclosure requirements of the SRP and the United States. Furthermore, the
payment and settlement procedures with respect to the Offer will comply with the
relevant United Kingdom rules, which differ from United States payment and
settlement procedures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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