| 02-07-09 |
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RNS |
RNS Number : 9995U
BT Group PLC
02 July 2009
Thursday 2 July 2009
BT GROUP PLC
TRANSACTION IN OWN SHARES - VOTING RIGHTS AND CAPITAL
BT Group plc announces that it has today transferred in connection with its employee share plans 374,874 ordinary shares at nil cost. The transferred shares were all formerly held as treasury shares.
BT Group plc's capital consists of 8,151,227,029 ordinary shares with voting rights. Following the above transfer, BT Group plc holds 405,622,520 ordinary shares as treasury shares. Therefore, the total number of voting rights in BT Group plc is 7,745,604,509
The above figure (7,745,604,509) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BT Group plc under the FSA's Disclosure and Transparency Rules.
= ends =
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 01-07-09 |
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AFX UK Focus |
BANGALORE, July 1 (Reuters) - Tech Mahindra's public offer to acquire an additional stake in Mahindra Satyam ended on Wednesday, and analysts said the offer would have received a poor response due to a spike in the share price of the fraud-hit Indian outsourcer.
Tech Mahindra, majority owned by Mahindra & Mahindra , will now go for a second round of preferential allotment of shares to gain a majority stake in Mahindra Satyam.
It bought a 31 percent stake of new equity in Mahindra Satyam in April, and on June 12 launched an open offer to buy up to 20 percent in the open market at 58 rupees a share to take its stake to 51 percent.
But shares in Mahindra Satyam, earlier known as Satyam Computer Services, rose 3.7 percent on Wednesday to 73.55 rupees and the stock hasn't dipped below 70 rupees since the launch of the open offer.
"The response to the offer would have been very, very poor as the market price of Satyam shares is sharply higher than the open offer price," said Tejas Doshi, head of research at Mumbai brokerage Sushil Finance.
"I would be surprised if they get even 5 percent of the shares that they were planning to buy."
Tech Mahindra, 31 percent-owned by Britain's BT Group , said in a statement to the stock exchanges the final numbers of shares tendered and accepted in the public offer would be announced on July 8.
If the offer is not fully subscribed to Tech Mahindra can opt for a second preferential issue of shares by Satyam to raise its stake to not more than 51 percent of the expanded share capital.
"They would go ahead and do it," Doshi said. "That will mean the money will go back to Satyam and strengthen the company."
Tech Mahindra said in the statement the second preferential allotment of shares would also be at 58 rupees a share.
A spokesperson at Tech Mahindra, based in western Indian city of Pune, refused to provide details on the open offer.
Satyam's founder and chairman shocked investors in January by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India's fourth-largest software services exporter.
Tech Mahindra made a bid worth around $580 million in April's auction for a controlling stake.
(Reporting by Sumeet Chatterjee; Editing by Greg Mahlich)
((sumeet.chatterjee@thomsonreuters.com; +91-80-3982 7450; Reuters Messaging: sumeet.chatterjee.reuters.com@reuters.net)) Keywords: TECHMAHINDRA SATYAM/
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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| 01-07-09 |
|
RNS |
RNS Number : 9337U
BT Group PLC
01 July 2009
Wednesday 1 July 2009
BT GROUP PLC
TRANSACTION IN OWN SHARES - VOTING RIGHTS AND CAPITAL
BT Group plc announces that it has today transferred in connection with its employee share plans 155,548 ordinary shares at nil cost. The transferred shares were all formerly held as treasury shares.
BT Group plc's capital consists of 8,151,227,029 ordinary shares with voting rights. Following the above transfer, BT Group plc holds 405,997,394 ordinary shares as treasury shares. Therefore, the total number of voting rights in BT Group plc is 7,745,229,635
The above figure (7,745,229,635) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BT Group plc under the FSA's Disclosure and Transparency Rules.
= ends =
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 30-06-09 |
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AFX UK Focus |
BRUSSELS, June 30 (Reuters) - British telecoms and retail group Carphone Warehouse Group Plc received approval from European Union antitrust authorities on Tuesday for its 236 million pound ($388 million) takeover of Internet service provider Tiscali UK.
The European Commission, executive arm of the 27-nation European Union, said in a statement that the transaction would not impede competition.
It said that though Carphone Warehouse and Tiscali UK, a unit of Italy's Tiscali SpA, overlapped in retail and wholesale Internet access provision as well as other services, the new entity would face competition from other strong players, especially BT Group Plc.
"The Commission's examination of the proposed transaction showed that none of the above markets would give rise to competition concerns," the EU executive said.
The acquisition will make Carphone the biggest residential broadband provider in Britain, with 4.25 million users. It expects an immediate 10 percent boost to its earnings per share for its fiscal year to March 2010 following the takeover.
Carphone will fund the Tiscali UK buy, which excludes debt, from its existing facilities.
Tiscali has said it will use proceeds from the sale to restructure its debt.
Separately, Tiscali said its shareholders had approved a series of capital increases and a 1-for-10 reverse share split.
The capital increases comprise one for 190 million euros in shares with free warrants, a second increase for 46.5 million euros in shares, and scope for the board to issue share capital for a further 25 million euros.
(Reporting by Bate Felix and by Nigel Tutt in Milan; Editing by Dale Hudson) ($1=.6076 pound) Keywords: EU CARPHONE/TISCALI
(Reuters Messaging: bate.felix.reuters.com@reuters.net; Email: bate.felix@reuters.com; +32 2 287 6812)
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The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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