Offer Update
26 Octubre 2010 - 1:19AM
UK Regulatory
TIDMNPN TIDMDDT
RNS Number : 9934U
Nippon Telegraph and Telephone Corp
26 October 2010
Not for release, publication or distribution, in whole or part, in, into or from
any jurisdiction where to do so would constitute a violation of the relevant
laws in that jurisdiction.
26 October 2010
+-----------------+------------------+
| Company | NIPPON TELEGRAPH |
| Name: | AND TELEPHONE |
| | CORPORATION |
+-----------------+------------------+
| Representative: | Representative |
| | Director and |
| | President |
| | Satoshi Miura |
+-----------------+------------------+
| (Code: 9432, Section 1 of the |
| stock exchanges of Tokyo, |
| Osaka and Nagoya, and the |
| stock exchanges of Fukuoka and |
| Sapporo) |
+-----------------+------------------+
Dear Sirs,
Announcement Regarding a Change in Subsidiaries
NIPPON TELEGRAPH AND TELEPHONE CORPORATION ("NTT") announced on 15 July 2010 the
cash offer (the "Offer") for the entire issued and to be issued share capital of
Dimension Data Holdings plc ("Dimension Data"). On 12 October 2010, NTT further
announced that all the conditions of the Offer had been satisfied or waived and
the Offer had been declared wholly unconditional in all respects.
We hereby announce that, as a result of the Offer, the settlement of the
consideration for the Dimension Data shareholders and their designated
representatives was completed on 25 October 2010 (London time) and that
Dimension Data has become a consolidated subsidiary of NTT.
As valid acceptances were received for more than 90% of Dimension Data's shares,
NTT intends to make Dimension Data its wholly-owned subsidiary by exercising its
rights pursuant to the provisions of Part 28 of the UK Companies Act and Section
440K of the South African Companies Act, as applicable, to compulsorily acquire
the remaining Dimension Data shares on the same terms as the Offer. Notices in
relation to the compulsory acquisition of Dimension Data shares were dispatched
on 25 October 2010.
(Enquiries)
Global Business Strategy Office
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
TEL:03-5205-5191
FAX:03-5205-5189
The Offer has been made in the United States in reliance on, and compliance
with, Section 14(e) of the US Securities Exchange Act of 1934, as amended, and
Regulation 14E thereunder. The Offer will not be extended to, and may not be
accepted by, holders of Dimension Data's American Depositary Receipts.
The Offer relates to the shares of a UK company and will be governed by English
law. The Offer will primarily be subject to the disclosure requirements and
practices applicable in the UK to takeover offers, which may differ from the
disclosure requirements of the South African Securities Regulation Panel and the
United States. Furthermore, the payment and settlement procedures with respect
to the Offer will comply with the relevant United Kingdom rules, which differ
from United States payment and settlement procedures.
Publication on Website
A copy of this announcement will be made available, free of charge, on NTT's
website at (http://www.ntt.co.jp/ir/index_e.html) by no later than 12.00 noon on
27 October 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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