NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”) AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE.
Faisant suite à la publication d’un communiqué par International Power PLC («International Power»), GDF SUEZ SA («GDF SUEZ») confirme qu’il a approché les membres indépendants du conseil d’administration d’International Power en vue de déposer une offre en numéraire de 390 pence par action portant sur l’ensemble des titres d’International Power non détenus par GDF SUEZ (la «Proposition Indicative»).
GDF SUEZ considère que cette Proposition Indicative présente un grand intérêt pour les actionnaires d’International Power. Une pleine intégration d’International Power et de GDF SUEZ bénéficierait aux deux sociétés, et permettrait à International Power de poursuivre sa stratégie de croissance à un rythme plus soutenu :
- en augmentant la présence dans les marchés émergents ; et
- en améliorant les conditions de financement d’importants projets dans des zones à forte croissance.
Par ailleurs, cette opération permettrait de simplifier la structure du Groupe GDF SUEZ et améliorerait l’intégration de ses différentes activités.
Dans le cadre de cette transaction, le Groupe GDF SUEZ respectera strictement ses objectifs en termes de création de valeur, de niveau d’endettement, et de retour sur investissement. GDF SUEZ réaffirme son attachement à un rating de catégorie A. Et notamment, il ajustera en conséquence à la hausse, en cas de réalisation de l’opération, ses objectifs en termes d’optimisation du portefeuille.
Les deux premiers actionnaires de GDF SUEZ ont apporté leur soutien à cette Proposition Indicative.
Conformément à la réglementation boursière britannique, GDF SUEZ devra annoncer au plus tard le 26 avril 2012 à 18 heures CET son intention ou non de déposer une offre sur les actionnaires minoritaires d’International Power, après approbation de son conseil d’administration. Le terme de ce délai peut être étendu avec l’approbation du Panel, en accord avec la règle 2.6(c) du code britannique.
This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that an offer will be made.
A copy of this announcement will be available at www.engie.com
The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. Pursuant to Rule 2.5(a) of the Code, GDF SUEZ reserves the right to vary the form and/or mix of the consideration and, with the recommendation or consent of the Board of International Power, to make an offer for International Power at a lower value.
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 paper 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 paper 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 paper 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 paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper 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 paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper 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 paper 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 paper 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. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129.
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