- Following the decision of the Enterprise Chamber (‘Ondernemingskamer’) of the Amsterdam Court of Apeal, Getronics has decided to extend the Tender period.
- At 15:00 hrs on 25 March 2003, 30.40% of the accrued value of the 2004 Bonds and 37.44% of the accrued value of the 2005 Bonds had been tendered for exchange.
Following today’s decision of the Enterprise Chamber (‘Ondernemingskamer’) of the Amsterdam Court of Appeal that no resolutions can be adopted at the Extra-ordinary General Meeting of Shareholders, scheduled for Thursday 27 March 2003, the Company announces that it further extends the revised invitation to tender. The new Expiration Date and Expiration Time will be 30 May 2003, 15.00 hours CET, unless the Company will have determined an earlier Expiration Date and Expiration Time. All other terms of the revised invitation to tender will continue to apply, including without limitation the right of the Company to terminate, extend or amend the Revised Invitation to Tender prior to midnight, CET on the Expiration Date.
The Revised Invitation to Tender remains subject to certain conditions as described in the Revised Preliminary Prospectus dated 14 February 2003, as supplemented by the Supplement, dated 12 March 2003.
Holders of Existing Bonds who have already tendered Exchange Offers and who no longer wish to participate in the Revised Invitation to Tender may withdraw their original Exchange Offer(s). To do so, such holders must contact the Exchange Agent via the respective bank or stockbroker to whom they submitted their original Exchange Offer and instruct it to withdraw their original Exchange Offer prior to 30 May 2003, 15.00 hrs (CET), unless the Company will have determined an earlier Expiration Date and Expiration Time.
Until 30 May 2003, 15.00 hrs (CET), unless the Company will have determined an earlier Expiration Date and Expiration Time, Admitted Institutions may withdraw Exchange Offers on behalf of holders of Existing Bonds who have already tendered Exchange Offers. Such Admitted Institutions are requested to inform the Exchange Agent in writing by no later than 30 May 2003, 15.00 hrs, (CET), unless the Company will have determined an earlier Expiration Date and Expiration Time, if they wish to effect any such withdrawals. After such time, such Admitted Institutions will be deemed to have submitted an irrevocable Exchange Offer on the terms described in the Revised Preliminary Prospectus, as supplemented by the Supplement dated 12 March 2003. Terms used herein are as defined in the Revised Preliminary Prospectus dated 14 February 2003 or the Supplement dated 12 March 2003, as the case may be.
Tender results on 25 March
At 15:00 hrs on 25 March 2003, 30.40% of the accrued value of the 2004 Bonds and 37.44% of the accrued value of the 2005 Bonds had been tendered for exchange.
ABN AMRO Corporate Finance is acting as financial adviser to Getronics.
About Getronics
With approximately 25,000 employees in over 30 countries, Getronics is one of the world’s leading providers of vendor independent solutions and services to professional users of Information and Communication Technology (ICT). Through consulting, integrating, implementing and managing Infrastructure Solutions and Business Solutions, Getronics helps many of the world’s largest global and local organisations to maximise the value of their technology investment and improve interaction with their customers. Getronics’ headquarters is in Amsterdam, with regional head offices in Boston and Singapore. Getronics’ shares are traded on Euronext Amsterdam (‘GTN’). For further information about Getronics, visit www.getronics.com
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