Treasury shares
January 19 2006 - 10:05AM
UK Regulatory
Statement of treasury shares and outstanding share options
As mentioned in the Board of Directors' statement on the public
tender offer from Nordic Telephone Company ApS, cf. stock exchange
announcement no. 25/2005 of December 2, 2005, in case of a
change-of-control of TDC A/S holders of share options issued under
TDC A/S' management share option programme and participants in the
share option programme established in TDC A/S' foreign subsidiaries
will be entitled to exercise existing share options comprising
approx. 4.4 million shares of each DKK 5 in TDC A/S. TDC A/S has
granted a possibility to exercise 3,346,576 options prior to the
expiry of the offer period, however subject to completion of the
public tender offer. 99.0 percent of options under this offer have
been exercised.
As also mentioned in the Board of Directors' statement, TDC A/S has
made an offer to purchase certain existing share options to the
holders of share options issued under TDC A/S' management share
option programme subject to completion of the public tender offer.
This offer covered 490,868 options, of which 99.6 percent have been
acquired by TDC A/S.
On the basis of the above, TDC A/S' holding of treasury shares and
the number of outstanding share options amount as of today's date to
the following as the information contained herein updates the
information announced in the company's stock exchange announcement
no. 3/2006 of January 11, 2006:
Treasury shares: 3,598,765 shares of DKK 5 each
of which 3,313,765 shares of each DKK 5 are - subject to completion
of the public tender offer - transferred to the participants of TDC
A/S' management share option programme as fulfillment of TDC A/S'
obligations under the programme. Hereafter, TDC A/S holds 285,000
shares as treasury shares, of which up to 222,212 shares may be
acquired by participants in the share option programme established in
TDC A/S' foreign subsidiaries. However, these participants will be
offered a cash settlement of the share options and TDC A/S expects
the offer for cash settlement be accepted.
Outstanding share options: 4,243,419 pcs. comprising 4,243,419 shares
of each DKK 5
of which 3,313,765 pcs. options - subject to completion of the public
tender offer - have been conditionally exercised by the option
holders. Furthermore and subject to completion of the public tender
offer, 491,532 pcs. of the outstanding options have been acquired by
TDC A/S against cash consideration. As stated above TDC A/S expects
to settle in cash 222,212 pcs. options issued to the participants in
the share option programme established in TDC A/S' foreign
subsidiaries. Hereinafter, in total 215,910 pcs. outstanding share
options issued under TDC A/S' management share option programme
remain.
Referring to the conditions for Nordic Telephone Company ApS' public
tender offer and as stated in the stock exchange announcement no.
3/2006 of January 11, 2006, TDC A/S has decided that TDC A/S does not
intend to dispose of the treasury shares, which are not used to
fulfill already issued share options.
For further information please contact TDC Investor Relations at +45
3343 7680.
TDC A/S
Noerregade 21
0900 Copenhagen C
DK-Denmark
www.tdc.com
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Copyright � Hugin ASA 2006. All rights reserved.
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