Result of Tender Offer


 

TIDMEDP 
 
RNS Number : 2854Q 
Electronic Data Processing PLC 
07 April 2009 
 

7 April 2009 
 
 
 
 
Not for release, publication or distribution in whole or in part in or into the 
United States, Canada, Australia, South Africa, Republic of Ireland or Japan 
 
 
ELECTRONIC DATA PROCESSING PLC ("EDP" or "the Company") 
 
 
Result of General Meeting and Tender Offer 
 
 
At the general meeting of the Company held at 12 noon yesterday, the resolutions 
set out in the circular to shareholders dated 19 March 2009 ("Circular") in 
connection with the proposed tender offer to EDP shareholders on the Company's 
share register at 5.00 p.m. on 6 April 2009  ("Qualifying Shareholders") 
("Tender Offer") were duly passed. 
 
 
The board of EDP announces that following the closure of the Tender Offer at 
1.00 p.m. on Monday  6 April 2009 a total of 13,266,361 EDP ordinary shares 
(representing approximately  54.1  per cent of the issued ordinary share capital 
of the Company and approximately 110.6 per cent. of the ordinary shares 
available for repurchase by the Company under the Tender Offer)) have been 
validly tendered under the Tender Offer, the terms of which were set out in the 
Circular. 
 
 
The full result of the Tender Offer is as follows: 
 
-valid tenders were received from Qualifying Shareholders in respect 
     of 13,266,361 EDP ordinary shares, representing approximately 54.1 per 
cent. of the 
     issued ordinary share capital of the Company; 
-tenders in respect of 6,969,957 EDP ordinary shares have been accepted in full, 
to satisfy the 
     aggregate number of EDP ordinary shares tendered by Qualifying Shareholders 
up to 
     and including the Basic Amount of those Qualifying Shareholders (being 
approximately 48.9 per 
     cent. of the number of EDP ordinary shares registered in each Qualifying 
Shareholder's name 
     at 5.00 p.m. on 6 April 2009, rounded down to the nearest whole number of 
EDP ordinary 
     shares) 
-Qualifying Shareholders tendering in excess of their Basic Amount will have 
     approximately 79.7 per cent. of their excess tenders satisfied (rounded 
down to the nearest 
     whole number of EDP ordinary shares); 
-the consideration payable to Qualifying Shareholders in respect of successful 
tenders will be 
     sent by 9 April 2009. 
 
 
The Tender Offer was for up to 11,991,435 EDP ordinary shares in aggregate. 
Qualifying Shareholders validly tendering more than their Basic Amount under the 
Tender Offer (the Basic Amount being approximately 48.9 per cent) are to have 
excess tenders satisfied pro rata to the extent that other Qualifying 
Shareholders tendered less than their Basic Amount. Therefore, Qualifying 
Shareholders who validly tendered in excess of the Basic Amount will have 
approximately 79.7 per cent of their excess satisfied. 
 
 
The Tender Offer was conditional upon, inter alia, approval by EDP shareholders, 
at the  general  meeting held on 6 April 2009.  All of the conditions relating 
to the Tender Offer have now been satisfied.   The total number of Ordinary 
Shares in issue at 5.00 p.m. on 6 April 2009, the record date, was 24,522,362. 
 
 
A copy of the resolutions passed at the general meeting will be submitted to the 
UK Listing Authority and will shortly be available for inspection at the UK 
Listing Authority's Document Viewing Facility which is situated at: 
 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London E14 5HS 
Tel: 020 7066 1000 
 
 
Terms used in this announcement shall, unless the context otherwise requires, 
bear the meanings given to them in the Circular. 
 
 
Enquiries 
 
 
Julian Wassell (Chief Executive) 
Electronic Data Processing PLC 
Tel: 0114 2622007 
 
 
John Stephan 
BDO Stoy Hayward LLP (Financial Adviser to the Company) 
Tel: 0121 352 6200 
 
 
Toby Mountford 
Citigate Dewe Rogerson 
020 7638 9571 m:07710 356611 
 
 
 
 
BDO Stoy Hayward LLP which is authorised and regulated in the United Kingdom by 
the Financial Services Authority, is acting exclusively for the Company and no 
one else in relation to the matters described in this document and will not be 
responsible to any other person for the protections afforded to the clients of 
BDO Stoy Hayward LLP in relation to the matters referred to in this document. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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