UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 14A INFORMATION
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Proxy
Statement Pursuant to Section 14(a) of the
Securities
Exchange Act of 1934
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Filed by the Registrant. ☒
Filed by a Party other than the Registrant. ☐
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Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission
Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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Travelport Worldwide Limited
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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(3)
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Filing Party:
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(4)
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Date Filed:
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Script for communicating with Customers
and Partners
Introduction
where applicable
This is a courtesy call
to
inform you Travelport today has entered into a definitive agreement to be acquired by affiliates of Siris Capital Group (“Siris”)
and Evergreen Coast Capital Corp. (“Evergreen”) in an all-cash transaction valued at approximately $4.3 billion. The
board of directors of Travelport unanimously approved the agreement to be acquired by Siris and Evergreen and recommend that shareholders
vote in favor of the transaction.
Who are Siris / Evergreen?
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Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology
and technology-enabled business service companies in North America. Their significant involvement allows Siris to partner with
management to add value both operationally and strategically.
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Evergreen is an affiliate of Elliott Management, specifically focused on private equity investments. It has been involved as
a partner in numerous technology investments including in Dell, Novell, and Gigamon.
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Most importantly in terms of what
customers should expect - It is absolutely business as usual for Travelport
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There are no immediate changes in terms of our priorities nor how we operate the business as a result of this announcement.
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There is a great deal of momentum in Travelport, both in our delivery of new and exciting product capabilities and our geographical
growth.
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We remain focused on delivering our commitments to you, continuing to onboard new customers and developing new products and
technologies.
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Siris and Evergreen are committed
to Travelport’s platform and acknowledges our strong record of technology innovation
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Siris and Evergreen are specialist technology platform investors. Throughout the process they have demonstrated their deep
technology expertise together with a strong commitment to the success of our customers, employees and partners.
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They strongly support our vision of continuing to develop and invest in our platform to serve the changing needs of our customers
in the travel industry, and we believe that we will be best able to continue making the necessary investments in a private environment.
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Siris has said that it looks forward to building on our legacy and “supporting Travelport as it invests in its platform
and embarks on a new phase of innovation and industry leadership.” Elliott added that it looks forward to “to investing
in the Travelport team and working with them and Siris to build upon and advance Travelport’s strong track record of technology
innovation in serving global travel suppliers and agencies.”
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Timeline
- Travelport has
entered into a 45-day “go shop” period. In this period Travelport will have the right to seek alternative superior
proposals.
The proposed transaction is currently
expected to close in the second quarter of 2019 and is subject to customary closing conditions and regulatory approvals
Script for communicating with Customers and Partners
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1
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Do you have any questions?
Anything further please contact Julian
Eccles (VP PR and Communications),Tel: +44 (0)7720 409 374, julian.eccles@travelport.com
Thank you for your ongoing support
and the business we do together.
Important Information For Investors And Shareholders
Important Information and Where to Find it
The proposed acquisition
of Travelport Worldwide Limited (the “
Company
”) by Siris Capital Group, LLC (“
Siris
”) and
Evergreen Coast Capital Corp (“
Evergreen
”) will be submitted to the shareholders of the Company for their consideration.
In connection with the proposed transaction, the Company will file with the Securities and Exchange Commission (the “
SEC
”)
a proxy statement with respect to a special meeting of the Company’s shareholders to approve the proposed transaction. The
definitive proxy statement will be mailed to the Company’s shareholders. the Company also plans to file other documents with
the SEC regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT
AND OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE COMPANY, SIRIS, EVERGREEN AND THE PROPOSED TRANSACTION. Investors and shareholders will be able to obtain free copies
of the proxy statement and other documents containing important information about the Company, Siris and Evergreen, once such documents
are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the
SEC by the Company will be available free of charge on the Company’s website at ir.travelport.com or by contacting the Company’s
Investor Relations Department at +44 (0)1753 288 686.
Certain Information Regarding Participants
The Company and certain
of its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation
of proxies from the shareholders of the Company in connection with the proposed transaction. Information about the directors and
executive officers of the Company is set forth in its Annual Report on Form 10-K for the year ended December 31, 2017, which was
filed with the SEC on February 20, 2018, and in its proxy statement for its 2018 annual meeting of shareholders, which was filed
with the SEC on April 25, 2018. To the extent holdings of the Company securities have changed since the amounts printed in the
proxy statement for the 2018 Annual Meeting, such changes have been or will be reflected on Statements of Change in Ownership on
Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct
and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials
to be filed with the SEC when they become available. These documents can be obtained free of charge from the sources indicated
above.
No Offer or Solicitation
This communication does
not constitute a solicitation of proxy, an offer to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains “forward-looking
statements” that are not limited to historical facts, but reflect the Company’s current beliefs, expectations or intentions
regarding future events. In some cases, you can identify forward-looking statements by words such as “anticipate,”
“believe,” “could,” “estimate,” “expect,” “intend,” “may,”
“plan,” “predict,” “potential,” “should,” “will”, and “would”
or other similar words. Any statements that refer to expectations or other characterizations of future events, circumstances or
results are forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations
with respect to the costs and other anticipated financial impacts of the proposed transaction; future financial and operating results
of the Company; the Company’s plans, objectives, expectations and intentions with respect to future operations and services;
approval of the proposed transaction by shareholders; the satisfaction of the closing conditions to the proposed transaction; and
the timing of the completion of the proposed transaction.
Script for communicating with Customers and Partners
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All forward-looking statements involve significant
risks and uncertainties that could cause future results to differ from those expressed by the forward-looking statements, many
of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties
include, but are not limited to, (i) the possibility that the proposed transaction is delayed or does not close, including due
to the failure to receive required shareholder or regulatory approvals, the taking of governmental action to block the proposed
transaction, the inability to obtain required financing, or the failure of other closing conditions, and (ii) the possibility that
expected financial results will not be realized, or will not be realized within the expected time period, because of, among other
things, factors affecting the level of travel activity, particularly air travel volume, including security concerns, pandemics,
general economic conditions, natural disasters and other disruptions; general economic and business conditions in the markets in
which the Company operates, including fluctuations in currencies, particularly in the U.S. dollar, and the economic conditions
in the Eurozone; pricing, regulatory and other trends in the travel industry; the Company’s ability to obtain travel provider
inventory from travel providers, such as airlines, hotels, car rental companies, cruise lines and other travel providers; the Company’s
ability to develop and deliver products and services that are valuable to travel agencies and travel providers and generate new
revenue streams; maintenance and protection of the Company’s information technology and intellectual property; the impact
on travel provider capacity and inventory resulting from consolidation of the airline industry; the impact the Company’s
outstanding indebtedness may have on the way the Company operates its business; the Company’s ability to achieve expected
cost savings from the Company’s efforts to improve operational and technology efficiency, including through the Company’s
consolidation of multiple technology vendors and locations and the centralization of activities; the Company’s ability to
maintain existing relationships with travel agencies and to enter into new relationships on acceptable financial and other terms;
and the Company’s ability to grow adjacencies, such as payment and mobile solutions; and the impact on business conditions
worldwide as a result of political decisions, including the United Kingdom’s decision to leave the European Union.
Forward-looking statements
should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times
at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at
the time and/or management’s good faith belief with respect to future events and is subject to risks and uncertainties that
could cause actual performance or results to differ materially from those expressed in the statements. The factors listed in the
section captioned “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31,
2017, filed with the SEC on February 20, 2018, the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31,
2018, filed with the SEC on May 3, 2018, the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018,
filed with the SEC on August 2, 2018, and the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30,
2018, filed with the SEC on November 1, 2018, provide examples of risks, uncertainties and events that may cause actual results
to differ materially from the expectations described in the forward-looking statements. You should be aware that the occurrence
of the events described in these risk factors and elsewhere could have an adverse effect on the Company’s business, results
of operations, financial position and cash flows.
Forward-looking statements speak only as of
the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results,
changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable
securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make
additional updates with respect thereto or with respect to other forward-looking statements. For any forward-looking statements
contained in any document, the Company claims the protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995.
Script for communicating with Customers and Partners
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TRAVELPORT WORLDWIDE LTD (NYSE:TVPT)
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