Kuoni Reisen Holding AG
Kuoni Travel Holding Ltd.: Update on recommended cash offer for Et-china
Kuoni Reisen Holding AG / Key word(s): Letter of Intent 21.09.2010 18:15 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- In connection with Kuoni Travel Holding Ltd.'s recommended cash offer for Et-china.com International Holdings Limited (Et-china), the parties have now agreed to extend the Long Stop Date for the corresponding Scheme of Arrangement until 31 December 2010. The Royal Court of Jersey has today made an order allowing this extension. Further to Kuoni's announcement on 21 July, Kuoni has informed Et-china that, due to certain legal and regulatory issues relating to Et-china's subsidiary GZL (Guangzhou Travel Service), Kuoni is currently not able to conclude that certain conditions to the Scheme of Arrangement have been satisfied or can be waived. Et-china has informed Kuoni that it is in the process of trying to resolve these legal and regulatory issues to Kuoni's satisfaction, including where appropriate by requesting confirmations from one or more third parties in relation to these issues. Et-china will therefore not request that the Court Hearing regarding the Scheme will be convened until further notice. The effect of extending the Long Stop Date is that the deadline for the Scheme of Arrangement to become effective, which would otherwise have been the end of September, has now been extended to 31 December 2010. A further announcement will be made in due course. LAURENCE BIENZ Head of Investor Relations Kuoni Travel Holding Ltd. Neue Hard 7 CH-8010 Zurich T +41 (0)44 277 4529 laurence.bienz@kuoni.com 21.09.2010 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Kuoni Reisen Holding AG Neue Hard 7 8010 Zürich Schweiz Phone: +41 44 277 4529 Fax: +41 44 277 4031 E-mail: laurence.bienz@kuoni.com Internet: www.kuoni-group.com ISIN: CH0003504856 Swiss Security Number: 894861 Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden