Announcement Regarding Results of Fujitsu Services’ Tender Offer for GFI Informatique of France
The public tender offer opened on July 2, 2007 by a subsidiary of Fujitsu Services, Fujitsu Limited’s wholly owned subsidiary based in the U.K., to acquire the entire issued share capital of GFI Informatique of France closed on August 8, 2007, and Fujitsu Limited today confirmed the results of the offer as announced by French regulatory body AMF yesterday, August 14.
According to the announcement by AMF, the offer has not been successful as only 40.6% of GFI Informatique’s total issued share capital was tendered into the offer, below the minimum of 66.67% set out in Fujitsu Services’ offer. As a result, no shares in GFI Informatique will be purchased in conjunction with the offer.
1. Overview of Fujitsu Services’ Tender Offer
(1) Target company: GFI Informatique SA
(2) Type of shares subject to the offer: GFI Informatique ordinary shares
(3) Tender offer period: July 2, 2007 to August 8, 2007
(4) Offer price: €8.50 per share
2. Results of the Tender Offer
(1) Subscription status:
Issued shares: 54,168,916
Minimum number of shares to be tendered: 66.67% of all issued shares
Number of shares tendered: 21,992,849
Number of shares purchased: 0
The number of shares tendered represents 40.6% of GFI Informatique’ s total issued share capital.
(2) Disposition of the offer:
As the total number of shares tendered does not meet the stipulated minimum ratio of shares (66.67% of all issued share capital), none of the tendered shares will be purchased.
(3) Funds required for purchase:
As none of the tendered shares are to be purchased, there will be no requirement for funds to support a purchase.
3. Forward-looking Issues
(1) Impact on financial results:
There is no material impact on Fujitsu’s consolidated financial results for fiscal 2007.
(2) Fujitsu Group’s business development in Europe:
Fujitsu Services wishes to thank all the shareholders and other stakeholders of GFI Informatique who have expressed their support of the offer and Fujitsu Services’ industrial project.
Fujitsu Services CEO David Courtley confirmed that Fujitsu Services will continue to pursue opportunities to meet its own development aims in Europe: “Our strategy continues to be based on both organic growth and acquisition in the principal European markets, including France. The recent success in winning significant contracts, following the acquisition of a majority stake in German IT services provider TDS, demonstrates early evidence of the success of this strategy.”
The Fujitsu Group will provide customers with locally attuned services pinpointed to meet the needs of customers in the various countries in which it does business, thereby strengthening the future growth and profitability of its IT services business. Leveraging its abundant know-how and achievements, the Fujitsu Group seeks to grow together with its customers as a trusted business partner.
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